Construction financing... yes or no...

???

I can't quite understand your criticism. No one is bashing any provider here.

Regarding the building savings contract, an inquiry from me was answered with possible advantages and disadvantages. One of these disadvantages is also that a closing fee (=commission) is due upon conclusion, which, due to the low interest rate on the balance, is only recouped after years.

The question I asked in this context, you should be able to answer best due to your professional experience.

I also think one should calculate very carefully here whether a new contract really pays off. We have an existing contract that we are just fully funding. The interest rate level is currently so low that it is not worth concluding a new building savings contract. But of course it varies from case to case and cannot be answered generally with yes or no. I would not generally rule out concluding one, just examine it critically! Not everyone is so disciplined and manages to make the 200 euros as a special repayment; if they are paid into a building savings contract or something similar, it is just "gone" at first :o

I also think one should calculate very carefully here whether a new contract really makes sense.

We have an existing contract that we are just fully utilizing. The interest rate level is currently so low that it is not worth concluding a new building savings contract. But of course, it depends on the individual case and cannot be answered generally with yes or no.

I would not generally exclude concluding one, just examine it critically! Not everyone is so disciplined and manages to pay the 200 euros as a special repayment; if it is paid into a building savings contract or something similar, it is at first "gone" :o

Therefore, in my post before the quoted one, I also raised the question of what is more sensible (since I cannot answer it quickly).
By the way, one can generally agree on 200 euros per month as repayment – then it is "gone" at first :)

I generally exclude the building savings contract from the considerations. But I name advantages and disadvantages. However, I must admit that as a rule, I am not a fan of financial surrogates.
In my opinion, an existing building savings contract should (if possible) continue to be saved. In the future, interest rates will very likely rise again, which can make the building savings loan interest rate attractive again. Furthermore, I think continuing to save in an existing building savings contract is a good way to accumulate savings for future renovations (one can possibly still collect the housing construction premium, which can make it attractive) – that’s how we will do it ourselves.

where is the edit function:

I generally do not exclude the building savings contract not from the considerations.

For God's sake, the criticism was not directed at you. There were other writers.

A home savings contract is currently nothing but a liquidity burning with opportunity costs, with which you can buy interest rate security. That was the case years ago and it is still the case today. Those who decided on a home savings contract with meager interest rates of 4% ten years ago are currently overjoyed.

Whether something like this is good or bad, expensive or cheap, good or bad, is decided on a case-by-case basis.

What is clear is that usually a one percent commission, in this case 600 euros, is due, which must first be earned back. At present, this can basically only be done if the loan is used. And you don't do that if the interest rate level continues to fall.

In the end, every interest rate hedging is a bet, a gamble on the interest rate level. Whether it is a home savings contract or a forward. Either it goes well or you pay.

Hello,
I wonder how you can manage with 300 euros for food? That’s 10 euros per day, 5 euros per person. So about 1 euro for breakfast (including coffee), 3 euros for lunch, and 1 euro again for dinner. Apparently, there’s nothing in between. That wouldn’t work for us, our children now eat almost as much as an adult.

Best regards
Sabine

I wonder how one can manage with 300 euros for food? That's 10 euros per day, 5 euros per person. So about 1 euro for breakfast (including coffee), 3 euros for lunch, and again 1 euro for dinner. Apparently nothing in between. That wouldn't work for us, our children nowadays eat almost more than an adult.

When we were just two, our living costs were between 350 - 450 euros. But that also included things like clothing, DVDs, etc. Therefore, I consider 300 euros ONLY for food to be reasonable. One thing to add: if nothing special is planned, we usually go for meat from the regular chilled section at Kaufland. Only for special occasions do we buy the high-quality product from the husbandry of happy animals (I know - I'm really ashamed :). It's similar with vegetables – usually the normal shopping is enough. Otherwise – now with 2 small children living costs have increased (including diapers, toys, etc.), so that every month I could bite the previously mentioned tabletop again. If things go well, we are now at 650 euros – but more likely 800 euros.