Financing exclusively through a building savings contract

I also think it is early. Certainly, with that income, there is no chance to save up much equity. But 0.0 I consider worrying. Also, hats off for the further education, but I cannot explain such a leap.

In my opinion, you are far off when it comes to building. In terms of time, equity, and unfortunately also income. In this situation, I would definitely not enter into an inflexible building savings contract. Make sure you save flexibly in the next few years. The question of construction financing should be answered when it actually arises later.

Studying alongside work is the magic word..

Is there some kind of template savings plan for what to do best with your capital or how to save it best?

Thanks + regards Michi

Keep a household budget and set aside everything that is left over.
A household budget helps you to get an overview and summarize everything that goes out for groceries, hobbies, and insurance.

A savings plan probably only makes sense once the first few thousand euros in the five-figure range have been saved up.
Saving: park leftover money in a daily allowance account :)

by Yvonne

Studying alongside work is the magic word..

I don’t want to burst your bubble, Michi, honestly not. But this salary jump only happens in one out of 100 cases after a part-time degree.

I myself did such a degree after my vocational training and know many who have done it in various fields. And I am even currently doing a second degree, and I am almost 10 years older than you, and I still don’t even come close to the salary you imagine.

Please don’t be mad at me, but I strongly recommend you just save equity on a daily allowance account or something similar. If you want, also partially a home savings contract, if your plan still allows 6-8 years.

And only start the concrete house and financial planning once you’ve been on the job for 1-2 years and know that it is your dream job in your dream location.

Many require a lot of flexibility, especially as career starters; in that case, a house would just be a ball and chain and a reason not to hire you.

By the way, what field are you studying that gave you the idea of such starting salaries?

I don't want to burst your bubble, Michi, honestly not. But this salary jump only works in one out of 100 cases after a part-time degree.

I myself did such a degree after my training and know many who have done the same in various fields. And I am even currently doing a second degree, I am almost 10 years older than you, and I still do not have anywhere near the salary you imagine.

That's how it is... I can personally confirm that, I do belong to one of those 100 cases, but the others really had no advantage from an (additional) degree. Many in my circle of acquaintances and fellow students were not really able to improve and are where they were before... Especially because currently a real continuing education spiral has been set in motion. Everyone believes this continuing education lie and then finds out that the payback period easily takes 8-15 years... Moreover, a desired salary is already being paid out today until the harsh awakening comes.

I would also recommend you first build up equity, simultaneously finish the "degree" project, and then stabilize/develop your professional career... and always remember: The higher the salary, the more flexibility (willingness to travel, no time tracking) and more risk (only 1 to 5-year contracts, job security no longer exists due to contractual arrangements unless you are a civil servant...) are demanded.

Bottom line: Never calculate with a salary you do (not yet) have – unless you have it in writing. Everything else is – sorry – wishful thinking...