Construction financing | Is the procedure good? Your opinion and tips

You’re not sugarcoating it, but as Musketier so aptly wrote, currently more or less dead. So be realistic about the expenses and of course also about the income. One should actually exclude special payments, but a realistic permanent income of your wife (also with children) can be included.

I can only keep recommending to everyone to keep a household ledger. Then you have an exact and above all realistic overview of your income and expenses. Based on the bank statements, you can also track it back a few months. Make a plan and for the items where you currently don’t have concrete numbers (e.g. additional costs, daycare costs) you can certainly calculate with rough estimates. Add a monthly buffer and you will know roughly what you can afford. Based on that, you can then see what your “comfort rate” or “comfort budget” will be.

Yes, the part about dead could probably also be quite true.

Regarding the monthly expenses, we have been recording them since we have been living together in our own household. Where we currently lack experience is probably with the costs regarding the child that will be added here and the transition to parental allowance or the part-time salary. But that could still be compiled.

Also, regarding food, hygiene products, children’s clothing, and kindergarten, I will adjust that again: food from 400 to 500€, hygiene products to about 80 euros, children’s clothing per month 100€, and kindergarten another 100€ respectively added in. Then I am definitely sure, or as you already pointed out, that one salary is not enough and that one has realistic values including child benefits.

You only pay a hundred for childcare? Here you pay depending on your income - in your regions that would be 250-350 euros. Just as a rough estimate...

You only pay a hundred for childcare? Here you pay depending on income – in your regions that would be 250-350 euros. Just as an example...

Well, in our town (a friend works in a Catholic kindergarten) you pay 89 euros for 6-7 hours plus 2.50€ for lunch, if needed. I believe in Bavaria it depends on the location (rural area, town, large city) and the provider (municipality, church, parent initiative, etc.) but not purely on salary. Then I apparently have incorrect information.

No, 30-hour week, although there isn’t much change either way.

6-7 hours do you mean per day? Then you would already be over 30 hours.

But of course it may be cheap with you - there are also some without any additional payment. I would check again, then you can calculate more precisely.

Lexmaul is right! The fees for the Kiga are usually calculated as a percentage of income.

However, from my point of view, something has still been forgotten in the entire discussion:

You also have to pay rent! So why not pay off a home of your own?

You will certainly get the necessary loan. You have an absolutely secure income, that of your partner. In terms of job security, you are better off than most.

By the way, you can also insure the child with you. That way, they would be covered by family insurance at no extra cost. But that’s future music. Who knows what health policy will look like by then?
From my point of view, you are on solid ground.

No, 30-hour week, with not much change downwards/upwards.
6-7h do you mean per day? Then you would already be over 30h.
But it could of course be that it is cheap where you are – there are also some without any additional payment. I would look into that again so you can calculate more precisely.

Yes, that is probably true after all.. hm.. we have to ask again exactly. Until now, that was just how I knew it. After all, there isn’t a little treasure there yet to know from.

Lexmaul is right! The fees for the kindergarten are usually calculated as a percentage of the income.
However, in the whole discussion, something has always been forgotten from my point of view:
You also have to pay rent! So why not pay off a house of your own?
You will certainly get the necessary loan. You have a completely secure income, that of your partner. That means you are better off than most when it comes to job security.
By the way, you can also insure the child with you. That would mean family insurance without extra cost. But that is future music. Who knows what health policy will look like by then?

Yes, getting and affording the loan is always one thing. I am somehow always the notorious informer and thinker and have to be able to explain the whole thing plausibly to my lady, based on numbers, data, facts. Because even if all this is still future music right now, you definitely don’t want to live somewhere on the edge of existence and have to turn over every cent. She always says, others surely earn less and still take the step, so why shouldn’t we manage it. But I have to have somehow calculated or know beforehand what’s possible so that maybe at the end of the year I know, okay, that can and want to be afforded and start pre-planning. Then you can still decide, can I afford the basement or does it exceed the budget, and so on and so forth.

Yes, and as you say, who knows what will come... Nobody can say that. *grins*

In the worst case, you lose your job, get divorced, and so on and so on... but you shouldn’t just look into the black anyway, right?