f-pNo
2016-04-08 12:57:05
- #1
Hello Jess,
it’s nice that you are already dealing with this topic at a young age.
However – don’t fixate on it so much. You have a goal, but far too many variables could deviate.
The mentioned steps:
from the other users are meant seriously. Sure – it’s a thought experiment. But so much can happen in the next few years.
In the following, I’ll clear up some of the points mentioned:
450,000 in Bavaria for land and house might be ambitious. Since your boyfriend, according to your plans, wants to settle in a large company, it probably won’t be a little house in Klein-Hintertupfingen. In metropolitan areas, 450k will be tight.
The 550 euro expenses now will also apply later – experience shows that as income rises, so do expectations/expenses. As a student, I managed well with 10 East German marks a month. As a teenager (before apprenticeship) with 50 DM pocket money, as an apprentice with 800 DM, as an employee … and so on. However, I was never able to save large sums. I would not call myself extravagant and still watch whether product X really needs to be bought.
Your mother says that 30% of the salary goes away. As an HR person? I don’t know the social security/tax rates in Austria. In Germany, employees alone pay almost 20% for statutory social insurances. As a single person without kids, in my opinion you should calculate about a 40% difference between gross/net. The higher the salary, the more it is (progressive taxation).
Well – wrong federal state. When I moved from East to West, for the same work there was about 800-1000 euros more net. But you have to almost give up your home, family and friends. OK – giving up is the wrong word. It still hurts that you only see your family/friends 2-3 times a year.
However, as I have noticed several times, students sometimes have exaggerated ideas about what they will earn after their studies. When I think of a good friend who told me her ideas back then … :oops:. She has been back in reality for several years now. Whereas has already written more realistic ideas about the starting salary for herself here. I keep my fingers crossed for you.
Don’t fixate so much on this plan. A long-term plan is not wrong, but the future will still hold some surprises. Moving places (maybe in the future you will work at the North Sea because the job requires it). Different demands on life. Wishes and opportunities. An early child, because of the most beautiful side thing in the world (no – not football) you indulged in your passion and didn’t pay attention. Possibly even (I hope not) a separation (because his ideas are no longer compatible with yours).
Take it easy. You have time. ;)
PS: Banks are happy about every additional security they can get for the granted loan. Might affect the interest rate. BUT do you want to risk in the worst case that your grandma or mother ends up homeless? Think carefully about something like that.
it’s nice that you are already dealing with this topic at a young age.
However – don’t fixate on it so much. You have a goal, but far too many variables could deviate.
The mentioned steps:
[*]Finish your studies
[*]Find a job (I’ll add – establish yourself)
[*]Build a house
from the other users are meant seriously. Sure – it’s a thought experiment. But so much can happen in the next few years.
In the following, I’ll clear up some of the points mentioned:
450,000 in Bavaria for land and house might be ambitious. Since your boyfriend, according to your plans, wants to settle in a large company, it probably won’t be a little house in Klein-Hintertupfingen. In metropolitan areas, 450k will be tight.
The 550 euro expenses now will also apply later – experience shows that as income rises, so do expectations/expenses. As a student, I managed well with 10 East German marks a month. As a teenager (before apprenticeship) with 50 DM pocket money, as an apprentice with 800 DM, as an employee … and so on. However, I was never able to save large sums. I would not call myself extravagant and still watch whether product X really needs to be bought.
Your mother says that 30% of the salary goes away. As an HR person? I don’t know the social security/tax rates in Austria. In Germany, employees alone pay almost 20% for statutory social insurances. As a single person without kids, in my opinion you should calculate about a 40% difference between gross/net. The higher the salary, the more it is (progressive taxation).
Somehow I chose the wrong educational path and the wrong federal state.
With 20 years of professional experience, no degree but several part-time further trainings, leadership responsibility for 12 employees, etc., I don’t even come close to the starting salary of someone who only masters pure theory :confused:
Well – wrong federal state. When I moved from East to West, for the same work there was about 800-1000 euros more net. But you have to almost give up your home, family and friends. OK – giving up is the wrong word. It still hurts that you only see your family/friends 2-3 times a year.
However, as I have noticed several times, students sometimes have exaggerated ideas about what they will earn after their studies. When I think of a good friend who told me her ideas back then … :oops:. She has been back in reality for several years now. Whereas has already written more realistic ideas about the starting salary for herself here. I keep my fingers crossed for you.
Don’t fixate so much on this plan. A long-term plan is not wrong, but the future will still hold some surprises. Moving places (maybe in the future you will work at the North Sea because the job requires it). Different demands on life. Wishes and opportunities. An early child, because of the most beautiful side thing in the world (no – not football) you indulged in your passion and didn’t pay attention. Possibly even (I hope not) a separation (because his ideas are no longer compatible with yours).
Take it easy. You have time. ;)
PS: Banks are happy about every additional security they can get for the granted loan. Might affect the interest rate. BUT do you want to risk in the worst case that your grandma or mother ends up homeless? Think carefully about something like that.