How quickly should one pay off a house?

Escort service... dining at a 2-3 star restaurant... driving a tank... flying to Kyrgyzstan and shooting RPGs... inviting all friends and drinking 21-year-old whiskey... renting an A8 and speeding around the Nürburgring... buying a nice suit...

Now there are a few ideas after all, thanks!

Taking time to do things yourself that you usually buy. Craftsmanship and creating are fun. Painting course. Keep the ornamental garden as an ornamental garden, but convert it to be insect-friendly. Do it yourself instead of having it done. Time problems? Shorten your paid working hours, you have about 2k left over.

( Ich würde ja ja locker 1k für Zutaten rausblasen und hier zu Hause feinbein Languste und co. auffahren und bei den korrespondierenden Weinen zwei Regale höher greifen ).

You still have 7 years until you can terminate the contracts after full payout (is that correct?), a lot can still happen. €220k is not a small amount for the theoretical savings rate of €2000-2500. With a €2000 savings rate, it definitely won’t work. Currently, it only makes sense to consider this if it is feasible or an edge case and you definitely want to go through with it, because otherwise it would not be implementable without external support based on current figures. Just check in 2-3 years how the savings account looks and then you can review the matter again.

In my opinion, you are still too far away from completing the project within the special termination period.

Some financial coaches recommend donating 10% of your income. There is some evidence that this also leads to an increase in the donor's own satisfaction. I often donate to social institutions in our immediate residential area that support children, elderly people, and people with low income or occasionally organize something like a neighborhood festival for everyone. That actually makes me somewhat happy. So if you want to invest €500, or even €1000, well, I can recommend something like that to you.

I have had the wish for a convertible for about 10-12 years. Unfortunately, something always got in the way, or it didn’t fit (no money for a new car, child was small and stroller etc., then renovations, later house construction... We have lived in our house for almost 2 years, the child is big enough, more income than ever before, and since today my long-awaited wish is in the driveway. We have now spent our “spare money” on it..

Edit: And I can also confirm the thing about donating! We also donate quite often and I personally believe in karma, so I believe that we also always do better because we do good and get good back.

And what exactly speaks against setting aside and saving the remaining money? Then you can wait and see what comes along, what you might want to spend it on or not.

And if an unforeseen situation (illness, unemployment) arises where you urgently need it, you can remain financially relaxed and at least don't have to worry about that as well.