Assessment of Financing New Construction 425k € / Overall Financial Situation

Please remember that I deliberately do not take the 13th monthly salary into account at all in my calculation. That would currently be another €4,400 (in part-time for my girlfriend then a total of €3,800). I think you can definitely make a vacation from that and buy a few Christmas presents :)

But I am still grateful for any input. I just want to explain that things like going out to eat, here and there, are actually quite well accounted for in the calculation. And my concern was whether I am TOTALLY off somewhere. Things like a maintenance reserve and a (even if initially) small savings rate are also present. Aren’t those also reserves for various things that one builds up? Or what exactly do you understand by that? I just don’t want us to be talking past each other ... We are generally people who can handle money quite well, I would say. Of course, that is always subjective. It is clear that we will have to restrict ourselves, especially during parental leave. I will think again about how to cushion that and how much I should save for that. Those reserves simply will not be touched.

However: I don’t want it to come to the point where we have to turn every single euro over. That’s why I’m exchanging thoughts with you :)

hm... spontaneously? I thought you always had to decide for a year, and then that applies. As far as I know, it is asked once a year. And the daycare spot can only be booked annually, sometimes even 3 years in advance.

Yes. But if I go on parental leave and clarify that I want to return with 70% afterwards, that is not a problem. That I cannot say today that I will be back in the office next month, I am well aware of ...

The expense statement looks good at first. Is it a leased vehicle and an e-bike? Then the 50€ TÜV/year fits, otherwise more reserves would be needed there. The real problem I see is on the house construction cost side. I would be interested in a statement on that. The slope makes the whole thing a bottomless pit, and with the virtually non-existent (liquid) equity, it becomes extremely risky.

I will post the first calculation I have here as soon as I get to it. But in my mind, the whole thing is already mostly discarded, and I assume that we will have to plan fundamentally anew.

Please remember that I deliberately do not take the 13th month's salary into account at all in my calculation.

Why? You have planned it for gifts… that's a consideration. And I bet the 13th is gone faster than the third Advent has arrived.

That would currently be another €4,400 (in part-time for my girlfriend then a total of €3,800). I think you can definitely take a vacation and buy some Christmas presents with that :)

Hold on… you have to pay proper taxes on that. You don’t get your salary 1:1 net. I wish that were the case :) I’m no tax genius, but I do receive salaries myself ;)

Nana… you have to pay proper taxes on that. You don’t get your salary 1:1 net. I wish it were that easy :)
I’m no tax genius, but I do get salaries myself ;)

At least with my employer, the gross salary increases accordingly and the 13th monthly salary is paid out net in full.
But well, not decisive, I think ...

If there are any other suggestions regarding my calculation, feel free to share them.