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

Our child eats completely normally (Brust sah der nach dem 4. Monat nicht mehr) - there probably won't be a right or wrong about that, but I just think 1000 euros is a lot.

Good morning everyone,
yesterday there was another adjustment and research.

No, 30-hour week, whereby it doesn't change significantly up or down.
You mean 6-7 hours per day? Then you'd already be over 30 hours.
But it might of course be cheap where you are – there are also some with no co-pay at all. I would get informed on that again, then you can calculate more precisely.

again to get to the costs also regarding kindergarten and daycare
So in our town, care in kindergarten from 3 years onwards costs about 90 euros for 6-7 hours. For under 3 years, i.e. daycare, it costs 170 euros. Each additional child gets a 25% discount and from the 3rd one onwards it’s free. Those were the information I received. Prices are monthly. Food, e.g. lunch, costs an additional 1.50€ - 2.50€ per day

I am surprised by your low costs for groceries. We spend about 1000 euros monthly (with two children) for groceries (and whatever else you buy at the supermarket). However, the two eat at least as much as two adults. In addition, there are expenses for school and sports of about 130 euros and of course money for leisure activities (swimming pool, ice skating, dancing, etc.). Then you also have to buy a new bike more often (the kids grow fast) and it should not be the cheapest junk. There is always something that costs money in connection with the children. Our son was now two years in a row on a ski trip with his class in Austria, which cost us at least 600 euros each time. In addition, there are all the wishes children have that you naturally want to fulfill partly... it is definitely all quite expensive.
Best regards Sabine

Good morning Sabine

My estimated costs don’t surprise me now ^^ because, as I wrote, they are estimated costs. So far, I have had no children and cannot give any details about that. In my example, I calculated with 1-2 children, as you cannot fully assess the work situation or whether you stay at home longer. Furthermore, only one child benefit payment was included in the total. What the children then need in life or in the first 10 years, or also additionally like bikes, etc., I think cannot be itemized to the last detail, or can it?
As mentioned above, special payments and also my additional earnings of about 2200€ were not included. I think a lot happens alongside, and like ski vacations and bicycles don’t necessarily have to be calculated monthly, right?
I don’t know, but if they do, I am happy to plan or calculate further items in. It is, after all, the first time for me (us) that we face all these decisions.

You don’t sugarcoat it, but as Musketier so nicely put it, you’re currently rather dead. So be realistic with the expenses and, of course, also with the income. Special payments should really be left out here, but you can include a realistic permanent income of your wife (also with children).
I can only recommend to everyone again and again to keep a household budget book. Then you have an exact and above all realistic overview of your income and expenses. Based on your bank statements you can actually trace it back a few months. Make a plan and for the positions where you don’t have exact figures at the moment (e.g. utilities, daycare costs), you can certainly calculate with approximate values. Add a monthly buffer and you will know roughly what you can afford. From there you can then see what your “comfort rate” or your “comfort budget” will be.

Here again is my new list with updated expenses. Gasoline, retirement provision, etc. were calculated for me and my partner. Salary of me and my partner with part-time work plus one child benefit payment. After deductions, about 800 € remain for financing. If I have forgotten or overlooked anything, please correct me.

[*]Retirement provision, life insurance – 500€
[*]Cell phone – 80€
[*]Gasoline – 350€
[*]Building savings contract 200€
[*]Operating costs house – 520€ (heating costs, water/sewage, hot water, property tax, garbage disposal, insurances, street cleaning, chimney, garden maintenance, common electricity, other costs, telecommunications)
[*]Groceries – 500€
[*]Insurance / tax – 150€
[*]Private health insurance – 200€
[*]Kindergarten / daycare – 250€
[*]Clothing – 200€
[*]Hygiene articles – 100€

Health insurance only 200 euros, is that an additional insurance or is it per person? We pay over 700 euros monthly there. Otherwise, you also have to calculate the children’s costs, such as sports club, music school, dance class, school books or workbooks, learning software, hobbies, and of course money that can be saved for repairs, new furnishings, birthdays, vacations, etc.

Best regards
Sabine

700 euros per month for health insurance? Sorry to ask you a second time, but your standard of living seems very far from what is normal...

Here again is my new list with the updated expenses. Gasoline, retirement provision, etc. have been calculated for me and my partner. Salary from me and my partner working part-time plus one-time child benefit. After deductions, about €800 remain for financing. If I have forgotten or overlooked something, please correct me.

[*]Retirement provision, life insurance - €500
[*]Cell phone - €80
[*]Gasoline - €350
[*]Building saver - €200
[*]Operating costs house - €520 (heating costs, water/sewage, hot water, property tax, waste disposal, insurance, street cleaning, chimney, garden maintenance, common electricity, other costs, Telekom)
[*]Groceries - €500
[*]Insurance / tax - €150
[*]Private health insurance - €200
[*]Kindergarten / daycare - €250
[*]Clothing - €200
[*]Hygiene products - €100

You had written that you keep a household account book. So it should be fine, right? At least the items that are currently present. For the others, there are estimated costs. Add a little buffer and it should be fine.
I also estimate that the health insurance amount is only for your wife, if there are one or two children, it will probably be more?

In the end, you shouldn’t get too worked up and just let it be. As you can see, everyone here has different lifestyles and accordingly, the individual expenses also differ.
Regarding groceries: Of course, it always makes a difference whether you have two older children or a small one, whether you eat in the canteen or at home, or whether you go to the discount store or always buy fresh. We have two small children (2.5 and 1 year old) and also spend around €600-700 on groceries + hygiene, but €300 of that is for canteen meals as well as daycare meals for the little ones, €100 for drinks, and about €50 for diapers. And nothing is yet on the table at home. When the children are older and eat at school and accordingly eat larger portions, it can become significantly more. And that in itself does not mean that you lead a "luxurious" life that is far from normal.

yes, and as you say, who knows what will come... Nobody can say that. *grin*

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

Correct. A 100% security will hardly ever exist unless you have something else in reserve somewhere. In a divorce, it will probably be the end for most (unless you can actually count on one salary). But at the latest, if both become unemployed, the loss of the house is preordained. But honestly: How likely is such a scenario? Including the "worst-case" is good (although everyone defines the "worst-case" differently) – but it must be realistic.

700 euros per month for health insurance? Sorry to ask you a second time, but your standard of living seems very far from what is normal...

Sounds like private health insurance. This amount is absolutely not unusual for four people. The 200 € health insurance from our OP is definitely the cost for his girlfriend's private health insurance. She is a civil servant and therefore pays her contributions from her net salary or, in case of parental leave, herself.

: with 300 € per month we absolutely wouldn't make it with four adults (17 and 20 plus the old ones), and teenagers do eat you out of house and home. I find the 1,000 € quite realistically estimated.