Assessment of financial framework

So, seriously now:

If with this income you shouldn't build anymore, then almost no one should build anymore.
Sure, saving some equity helps, but that can be done pretty quickly in 2 years.

No one advised against building. Rather, they simply pointed out the inconsistencies in the proposed composition.

So seriously now:

If you’re not supposed to build with this income anymore, then almost nobody is allowed to build anymore.
Sure, saving up some equity helps, but that can be done super fast in 2 years.

As already described, no one has advised against building so far, but it may not be wrong to look at the matter a bit more conservatively or clear up the inconsistencies before giving advice.

Fundamentally, with the mentioned statement, you have to deduct the private health insurance costs from the basic net income, for example, to get to a comparable normal employee net income.

:

I noticed a few things or have the following questions:

---
Income
Total income 6,469.07 €

Expenses
PKV M 465.60 €
PKV W + both kids 360.00 €

Accordingly, net after private health insurance: 5,643 € (just for info/comparability with employee net, possibly Riester, disability insurance, and accident insurance should also be deducted here)
How is the annual deductible with your private health insurance? Does the allowance pay 100% for your wife and the kids?

---

Daycare K1 ~100.00 €

That won’t be enough, it’s significantly more expensive. Check on childcare costs at kindergarten age, 100€ for 2 kids only covers meals, childcare costs here are income-based.

---

Maintenance payment M 345.00 €

I assume the maintenance payments will also increase? Or do they stay fixed or eventually stop?

---

Household management 1,000.00 €

Depends on what is paid from this. If daycare costs at kindergarten age still have to be paid from this pot, then depending on how expensive it is in your area and how much you use, it will get tight in 2-3 years.
Check what the average cost per child in kindergarten and school (after-school care or similar) is and consider how much care you need. Then you get a feeling for it. If I interpret your calculation correctly, you set 1000€ plus 384€ child benefit plus the 100€ daycare costs for 4 people, that would be a total of 1484€ monthly for living/household expenses.

That will be tight including property tax, building insurance, and the occasional repair and additional costs with a new house. Although I still don’t see a reason not to build, you should just keep an eye on it. The rising childcare costs for the kids will surely come, although you - admittedly - still build reserves of €500 monthly.

But I think you are already quite close to the €1700 mark, so I would advise cleaning up a bit, listing the (future) costs in more detail, and building up some equity or wait to see what actually remains from the inheritance.

I would also say goodbye to the idea of paying for the house construction from the overdraft, even if the conditions are okay.

Best regards
Dirk Grafe

So again, the financial planning is currently the lowest assumption. My wife will definitely go back to work in September 18, then depending on how she starts again, 500-1500€ more will be available.

My deductible is 400€. I haven’t exceeded it for years and receive premium refunds.

I will probably have to pay child support for at least another 8-10 years, and yes, it can still increase.

The daycare amount is even slightly rounded up. We currently pay (from 7:30 a.m. to 12:30 p.m.) 88.50€ plus about 10€ drink flat rate. The amount will of course double with the second child. For full care until 4:30 p.m., the amount including lunch could rise to up to 220€. But that doesn’t matter because my wife will only work from 7:45 a.m. to 12:00 p.m. And yes, that all works because we are already doing exactly that. School, daycare, planned building plot are all within a 5km radius.

I really don’t see daycare costs exploding here. The costs will also decrease again when the children then move from daycare to kindergarten.

so once again, the financial planning is currently the lowest assumption. My wife will definitely go back to work in September 18, then depending on how she restarts, 500-1500€ more will be available.

My deductible is 400€. I haven't exceeded that for years and I receive premium refunds.

I will probably have to pay maintenance for at least another 8-10 years, and yes it can still increase.

The daycare amount is even slightly rounded up. We currently pay (7:30 AM to 12:30 PM) 88.50€ plus about 10€ beverage flat rate. The amount will of course double with the second child. With full care until 4:30 PM, the amount, including lunch, could rise up to 220€. But it doesn’t matter since my wife will only work from 7:45 AM to 12:00 PM. And yes, that all works because we already do exactly that. School, daycare, planned building plot are all within a 5km radius.

I really don’t see daycare costs exploding here. The costs will also go down again when the children move from daycare to kindergarten.

Well, it’s good if your daycare stays that cheap. We pay 680€ for a 45-hour place under 2 with our salary.

The region is rather rural (AN/Mittelfranken) for us, and there are still a few places available. Overall, the support situation here is quite relaxed.

Hello,

we pay 300€ for a day care mother and the daycare also cost 300€ (son, now going to school). Daycare costs here depend on income, specifically on gross income in brackets up to 100k gross. We are now slightly above that, and with costs / allowances that are deducted again, we are just under it again, otherwise it would be a bit more.

Apart from that, we also pay meal money for the after-school care (OGS) at the school for our son. All in all, that is about 400€ for the children.

I can't imagine 100€ for a daycare place with that income, but it varies from municipality to municipality ...