How much repayment is advisable for how much net income?

  • Erstellt am 2018-01-18 13:51:43

blaupuma

2018-02-21 20:02:37
  • #1
I don't think it's that unusual for a family to have to live on 2000 euros when the mortgage and utility bills are already paid. But that just shows again how different the incomes are.
 

Arifas

2018-02-21 20:13:43
  • #2
It's just a question of what still needs to be paid.
 

toxicmolotof

2018-02-22 00:18:15
  • #3
2000 euros after deducting from the house? Wow, I would love that.

A family of four receives H4 here amounting to 2,300 euros. After deducting housing costs, just under 1400 euros remain. If I deduct comparable and additional costs (which are not to be borne under H4), I do not have 1400 euros left to live on.
 

Alex124

2018-02-22 07:33:52
  • #4
Maria probably read my post most carefully, because the good 4000€ include the special repayments, just spread over the month. So we can also pay less if necessary. Before I let the money sit in the account, I prefer to repay.
As several others have already noticed here in the forum, many are economically well positioned and have both high income and expenses.
There were times when I had to manage on 1650€ for rent, car, and life in general. That worked well, no big deal. Contrary to most others, we have not adjusted our lifestyle in the same measure as our rising salary.
Sometimes one forgets that (especially us here in the forum) we are doing quite well. I’ll quote an excerpt from Focus:

One in three full-time employees in Germany has to get by on a gross salary of 2400 euros or less. This is according to a statistic by the Federal Employment Agency for the year 2015.

That means after tax, these employees have 2100 euros per month left to live on – provided the employee does not pay church tax. After all deductions, only 1600 euros remain from this salary.


So we are not yet in the field of self-mutilation.
I don’t know what circles you move in, but we live visibly better than most here in the new development area, except for the fact that we have an old car parked in front of the house. Despite it being a luxury car, one might think poverty has broken out with us because the car is already 8 years old. (Warning: That was irony!)
We can all be glad to have such luxury problems. World trip? Vacation in Europe? Hey, there are plenty of people here in Germany for whom that question doesn’t even arise – even without a house.
So always smile, it could be worse for all of us!
 

Zaba12

2018-02-22 08:08:43
  • #5
I completely agree with . We will proceed exactly the same way to pay off as much as possible in the next 10 years. I don't care at all if I pay for a 20-year fixed interest period and am done in 17 years. The construction costs are now so high in terms of amounts that I simply feel uncomfortable with such a large amount on the debt side, despite 80% financing.
 

Arifas

2018-02-22 09:21:05
  • #6
Alex, you are really right there. There are enough families who have to manage with significantly less.
 
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