How high are your living expenses after building a house?

It all looks very reasonable. Maybe start with all the insurance and see if you haven’t been overinsured over the years.

I would recommend a household budget book. When you start with it, you really wake up when you suddenly realize how much money goes out on ongoing items (card payments, cash withdrawals/cash payments that you don’t even keep track of based on the bank statements) on the side.

- Groceries / Drugstore: €600
- Additional costs (electricity/heating/water): €250
- Repayment of building financing: €1300
- Home insurance (household contents + building): €50
- Private insurance (private pension, disability insurance, term life insurance, accident insurance, liability, legal protection): €365
- Car: €200 (incl. €50 monthly reserve)
- Mobile phone / Internet / Netflix / Amazon: €100
- Savings: €270
- Miscellaneous (restaurant, cinema, hairdresser, etc.): €200
- Clothing: €100
- Purchases (house/child): €150
TOTAL: €3585

We are a 3-person household (single-family house with 150 sqm) with a toddler (2 years old)

We are a 2-person household, single-family house with 110 sqm, and have the following expenses:

- Groceries / Drugstore: approx. €300
- Eating out: approx. €100
- Electricity / Gas / Water: €60 / €60 / €30
- Property taxes: €60
- Repayment of building financing: €1300
- Home insurance (household contents + building): €30
- Private insurance (liability, legal protection, 2x term life insurance): €50
- Private insurance 2 (accident, private pension, life): I don’t know the amounts by heart, we pay that separately, for me that’s another €150
- Car: approx. €400 incl. fuel
- Mobile phone / Internet / Netflix / Prime: €65

Everything else like savings, clothing, spontaneous purchases for house and garden etc. I don’t count as fixed costs, so I left it out here.

I’m surprised that so many here find your insurance total so high. Since you (both?) have disability insurance + private pension, the amount is okay in my opinion, depending on what amounts you insure / pay in. I would never rely solely on my house as retirement provision.

I am surprised that so many here find your total amount for insurances so high. Since you (both?) have a disability insurance + private pension insurance, the amount is okay in my opinion, depending on what sums you insure or pay into.

Valid point: without knowing the savings portion, the amount mentioned by the original poster does not allow any conclusions at first. If the savings portion is 60-80% of the amount, then that would be within the range. 600€ for household contents and building insurance is not little, and it may be similar for the other insurances. I don’t see any special carpets mentioned now. The necessity of accident and legal protection insurance can be reconsidered if you want to spend less.

Savings rate is too low at €270. Well, you can pay off an installment loan. I cannot see a huge leverage. There is only a chance to increase income if

Now I would really be interested to know how much the others invest monthly in [RV]? The mentioned 160 euros seem low to me, but maybe we are just totally overinsured there?

The amount fluctuates, mostly four digits. Everything we don’t spend is savings or wealth building.

Why an insurance product is needed for this has never been clear to me.

We look once a year at what liquid funds are available and what we might still want to purchase/use, and the rest is invested, put towards special repayments, or otherwise used.