Is the overall cost estimation realistic?

2018-11-22 10:13:05

I was referring to your calculation, according to which you can later plan with a surplus of about €400 per month.

If reserves for the house have to be set aside from that, +vacation with two children in the high season, +reserves for replacing household appliances, +reserves for the car (or cars), +emergency fund, +expenses for pleasures like parties, gifts, etc., my assessment as "ambitious" is not incorrect, is it?

Sure, maybe it is more, or you have already deducted one or the other item I mentioned above beforehand. Then it shifts into more comfortable areas.

2018-11-22 10:47:13

I can upload the tables, it's not a state secret.
1. Table showing roughly what it currently looks like
2. Table for later, including part-time salary, child benefit, mortgage payment + additional costs, costs for the child.
I realize that this is all very rough (for example, the 600 EUR for the child are more or less pulled out of thin air or googled, otherwise you have no idea). But I’d rather think about it now than later, when it’s already too late.

2018-11-22 11:09:56

Already pretty well broken down. BUT:

The item "Food/Clothing/Leisure" seems quite low to me at €300. Also, you have kept it unchanged for a life with a child – that certainly won't happen that way.

I have had this discussion here before. I know from my student days, when I lived really frugally, that the item "household money" with €300 for 2 people is somehow off.

To explain: For me, this includes all food, including expenses in the canteen or similar, as well as personal care products (soap, shaving items, shampoo, etc.), furthermore also non-edible household goods (cleaning supplies, kitchen towels, etc.) and then clothing. I consider it bold to set €150 per person here. If I calculate pure food at €120, we are at €4 per day or about €1.30 per meal. Already including coffee and all drinks. I never managed that even in my leanest times with pure discount shopping. And I already gave up a lot.

If children are added, this is not sustainable anyway, so you would have to adjust this item in Table 2.

2018-11-22 11:44:22

Already broken down quite well. BUT:

The item "Food/Clothing/Leisure" seems quite low to me at €300. Also, you have adopted it unchanged for a life with a child – that certainly won’t work out like that.

I have already had this discussion here before. I know from my student days, when I really lived frugally, that the item "household money" with €300 for 2 people is somehow off.

For clarification: For me, this includes all food, including expenses in the cafeteria or similar, as well as personal care products (soap, shaving items, shampoo, etc.), also non-edible household goods (cleaning supplies, kitchen towels, etc.) and then clothing. I consider it bold to set €150 per person here. If I calculate pure food at €120, that’s €4 per day or about €1.30 per meal. Already including coffee and all drinks. I couldn’t manage that even in my leanest times with pure discount shopping. And I already gave up a lot.

When children come along, this is not sustainable as is, so you would have to adjust the item in Table 2.

Thank you! Yes, this item and the item "child" are really the vaguest. It’s also a question of what exactly is included in the €600 for the child. As I said, of course we have no experience with this and could only ask Google.

Maybe I am also looking too narrowly at the income side. My wife will certainly work part-time and should do so, but that is only for a foreseeable time. If there are two children, even longer. During that time, probably all families have to be a bit more careful with money, and as I already mentioned above... with our not princely, but still reasonable salary, this project should be doable...

2018-11-22 13:25:14

So I think that 600€ for the child is very generous... at least for the time your wife would not be working full-time. If you don't mind used items, with a bit of luck you can even manage the entire initial equipment with that. In the following months, children don't cost much at first... just some new clothes now and then (yes, they grow quickly but you don't have to spend a fortune on clothes), diapers and food. But you certainly don't end up spending 600€ per month... at least we don't. So if you keep that item in there, you already have a buffer... at least depending on the costs for a childcare place.

2018-11-22 14:14:57

Rarely seen someone here present the topic so openly. I criticize your media consumption :-p. *small joke with a grain of truth* You can actually get a higher savings rate from that. The cost of living is way too low with all the bells and whistles.

Is the overall cost estimation realistic?

chand1986

SenorRaul7

chand1986

SenorRaul7

Yosan

Zaba12