How much money do you have on the edge?

So if you have been earning that much for a long time, I can only agree.
I have a little more than a third of your net income and similar equity after building the house.
Well, the outdoor facilities are still pending. But here I want to continue doing a lot myself.

hmm we have now bought a new car, taken a long-distance trip and got the garden in shape. Not on credit... better?

hmm we have now bought a new car, went on a long-distance trip and got the garden ready. Not on credit ... better?

If that is the case, you did everything right.

Our financier told us about customers with a net income of €10,000 who have nothing saved.

It always depends on the standard of living.

But buying a new car, going on a trip and working on the garden and still having something left sounds reasonable.

It makes no sense to keep 3 salaries lying around in the checking account with a monthly income of 10k. The washing machine still only costs 1k. I think you have to differentiate according to income size. I think 10k as a reserve should be enough for everyone.

I think it makes sense if you plan to build. He said that the banks interpret it as if he can't manage money because he overconsumes. Of course, it also always depends on how long you have been earning a lot of money. If you don't plan to build, I totally agree with you.

Ah, ok, we are talking about different situations. For me, the financing was completed in mid-2014, moved in at the beginning of 2015. After we adapted to the new cost framework, in my opinion, it now makes no sense to keep more than 10k on the checking account as a hard reserve. I invest the additional amount in special repayments, retirement provisions, building repairs, etc.

I actually don't have any money saved up at the moment. The surplus from the last few months is currently going into the annual special repayment; before that, I paid off my car loan within a year through diligent special repayments. Thanks to a good salary, I can also buy things like a washing machine etc. from the "petty cash." That's why I prefer to use my surpluses to pay off debt. Some of my money also goes into funds, ETFs, etc. for retirement provision.