Error in financing?

In these savings, there are 800-900 euros that are currently paid monthly for loans, so we have basically always saved that since it has been deducted from the account for years. Additionally, we have always saved 700-1000 euros, which then went towards holidays etc., which will definitely be postponed with the house.

Therefore, I don't find that so unrealistic. That's not a complete additional 1,500 euros. I believe that's something many here have not yet understood.

Exactly for this reason, the house loan + incidental costs would be exactly the same monthly as we definitely have now as fixed costs...

These savings include 800-900 euros that are currently paid monthly for loans, so we have basically always saved that amount since it has been deducted from the account for years. Additionally, we have always saved 700-1000 euros, which then went for vacations etc, which with the house will definitely be postponed for now.

Therefore, I don't find that unrealistic. That's not a full additional 1,500 euros. I think many here haven't understood that yet.

Somehow I'm slowly getting tired of writing here. According to your first posts, the loans are not yet paid off. Subsequently, you wrote that you now want to try to pay off the loans as quickly as possible. Ergo – you are not yet saving these 800-900 euros and in the next few months you will not have them available (until everything is paid off). Yes – you had written that you set aside a sum X monthly for vacation/consumption, which then was spent exactly for those reasons. So one could count this as savings IF you actually left it untouched or decided not to go on vacation anymore / reduce your consumption. Alone – with your previous lifestyle I lack belief in that. This is not bad. Many people find it hard to give up beloved things (once again, a nice vacation). But if you want to take out financing and do not have funds available elsewhere, you MUST draw that conclusion.

You're not the only one feeling this way. Last year, after building the house, we took a "vacation" of 4 days – 2 days of which I still had a training session. This year we will go to Munich together for 4 days. Otherwise, our "vacation" consists of visiting the parents. I myself increasingly long to go back to Norway or to the sun. This will probably continue until our outdoor area is finished (at least another 2-3 years). But we had already learned earlier, before financing, to do without in certain situations. You haven't had to so far and never did. You have to first prove to YOURSELF that you can and want to do this.

By the way, I do believe that you could get the financing because you do not appear to the bank as (informatively) as you do anonymously on the internet. But how it might look in 5 or 10 years, if you don't manage to give up old habits, ... .

You haven’t saved the EUR 800-900, you’ve only postponed the payment of your consumption. It is very difficult to actually save the money and not just delay the payment.

In the end, this is only being questioned here because so many people fail to sustainably change their consumption behavior. People imagine it to be easier than it is in practice.

Why should you suddenly no longer have the desire to spend your money on a new TV or whatever, especially when there are already 3000 euros lying in the account? You just start saving three months later, it doesn’t matter anymore now. And so on.

All the experiences described here are not personal but relate to experiences with people with a similar lifestyle.

If you believe you can now stick to saving rigidly, then you can ignore the warnings here. Statistically, you would be an exception with the 180° turnaround...

There are 800-900 euros in these savings that were currently paid monthly for loans, so we have basically always saved that since it has been deducted from the account for years. And in addition, we have always saved 700-1000 euros, which then went for vacation etc., which with the house will definitely be put on hold for now.

Therefore, I don't find that so unrealistic. That is not a full additional 1,500 euros. I think many here have not yet understood that.

That is precisely why the house loan + incidental costs would be exactly the same monthly as we definitely have now as fixed costs...

I'm laughing my head off

You have never saved but consumed on credit. If you have a new build, it starts from zero.

Kitchen, furniture, eventually a new car, landscaping. From the savings or on credit again?

You have not yet proven what you can save by a long way

[..]
Rent 1,200
Savings 1,500
Total costs 2,700
[..]
House loan 1,500
Additional costs 400
Total 1,900
[..]
The only real counterargument is the risk that if something happens in the first few years so that you can no longer afford the 1,900 euros as a regular expense, whereas currently I only have the 1,200 as a real fixed burden (or... at the moment we have also had 2,000 fixed expenses for years because of 800 remaining loans, which was probably very unwise in the eyes of most people here, I guess).

Are the additional costs already included in the rent above? How do you want to keep track yourself if all the numbers are always mixed up? It doesn’t feel like the first time. You still have significant other monthly expenses, such as insurances or the leased car. The risk is actually much(!) higher.

What counts is not what you could save, but what you really save. It will still take another year until all your debts are paid off. Will you or your wife stop buying or consuming anything during this time? Things can also break sometimes. Washing machine, TV, laptop, etc. are not cheap if you always buy the supposedly best. And even after this year, nothing is saved yet, only old debts are paid off.

@all

Have you ever thought that might be a forum troll; registered only to keep you busy?

Rhenish greetings