Financing plan too unrealistic?

Edit: I am just reading about the Mamataxi usage of 8000km/year.... Phew.

... that’s 200km per week over 40 weeks a year. With 2 children, you’re basically driving one child 50km to their hobby each week. ... As you already say: you can... but you don’t have to. And I also don’t know anyone privately who makes distant hobbies possible for their child. Neglectful parents, those ;)

Ever dealt with braces before? If the child doesn't have super crooked teeth so that the health insurance pays for everything, you'll be stuck without supplementary insurance with a smaller four-figure amount without problems. For us, the dental treatment for one child currently costs about €5,000 in total. Of that, 25-30% is covered by the health insurance :oops:.

Sure, I currently have two children undergoing treatment with braces. The health insurance covers everything. Fixed braces are still to come, I might choose different material for an extra charge, but we’re not there yet. That will be a manageable one-time sum and certainly not four-figure.

Don’t convince yourselves that kids just grow out of it. They’re expensive, but it only becomes apparent when you seriously consider ALL costs.

All I can tell you is that my four kids just grow out of it. The really big expenses are just daycare costs and vacations.

At your age and with such a young concrete and still uncertain sibling child, I would have advised an interim house ...

What does begeschwistert mean? And what is an interim house? Wouldn’t it make more sense to stay renting...?

The mentioned costs are statistical values (officially). And it’s not just toys and clothes. It includes the stroller, the Maxi Cosi for the car, the room furnishings, hobbies (for me that’s already about €400 base price per month for three kids – horses…), activities, children’s birthdays, vacations during the holidays instead of the cheap off-season, regularly new bikes with new sizes, materials for school (schoolbags cost a fortune too…), class trips, fuel costs for driving, supplemental health insurance for the kids, costs for braces, etc.

But as far as I know, the statistics also include housing costs. And what you list is also the part that regulates itself. If there’s no money for a horse, then there is simply no riding. My daughter will only do that if she finds someone who offers it in exchange for stable work (there’s a small horse farm in the village). You can either hold children’s birthday parties at home in the garden or take 15 kids to the water park. We borrowed the Maxi Cosi cheaply from friends, the child seat now was €180. We bought the bike trailer used. Not because we couldn’t afford the new one, but because I don’t see the point of spending double or triple just so my child is the first to wear out a product. Yes, children are more expensive than you think. But many parents make it expensive themselves. The classifieds are full of children’s toys, bikes, etc., that are still almost like new.

I find it interesting how negatively this is viewed here. My gut feeling says that even now with the 4.9k in parental leave (5.6k before parental leave), a 450k financing with a rate of 1.8k seems manageable to me. Yes, of course, the rate would have been significantly smaller 1.5 years ago, but my impression is that this is still within a healthy range. There are a few items in the household budget that, as mentioned, I would take another look at (they can also be personal, presumably mostly consumption expenses), but overall it seems to fit.

I also noticed that the construction costs don't quite add up yet. It says 121k for the plot of land (land transfer tax and co not forgotten?), 380k for the house, 20-30k for incidental construction costs, and the total then is 500k. (Have the incidental construction costs decreased again here or were they already included in the house costs from the beginning?). I just wanted to point out again not to forget about taxes/notary fees, etc. If the property is bought from the developer, these also add to the total amount, and the 9-12% or whatever it is is not an insignificant sum (if plot/house are separate, then less significant).

Regarding general consumption and children’s costs, my feeling is always that people just spend what they have. Those who have more generally spend more (often without feeling wasteful). But that doesn't necessarily mean it can't be done differently at all. (Although I still don't get the impression that the original poster here should be overly worried... Maybe I'm just a poor church mouse after all).

With only one child, I wouldn't see any problems that couldn't be managed. With a planned second child and another baby on parental leave, however, the future division of family work is still a lottery, which could mean part-time work for years. And with rising living costs, lack of capital accumulation at that age, I see that as uncomfortable to critical. The property is simply too expensive.