New rate twice as high - experiences

It is precisely about the non-liquidity.

Well, but someone writes there that he did not consider bonuses / special payments or similar in his calculation in order to possibly keep them as a buffer.

I think it is good that some items are pointed out, but trying to calculate everything down to the last cent and take it into account is, in my opinion, exaggerated..

already. Nevertheless, the OP simply has too little money left for other things at the moment. Otherwise, his beer

Sure. Still, the OP simply has too little money left for other things at the moment. Otherwise, cheers

wow :D
So now you're the one who decides when someone has too little money for other things, right?
I'm curious.
From when exactly do I have too little money? And for which other things?

I’m aware that this topic is highly polarized here. Yep. Many say it’s too risky, many say it’s fine, many say never in a million years, etc., etc., etc.

But sometimes people construct elaborate stories here just to swing in one direction or the other.
Everything breaks all at once. Exactly. The car won’t start in the morning, engine broken, car totaled. Then the bike is also broken, and because I can’t leave and want to do laundry, I see the washing machine is broken too. Exactly...
For MY case.
1. Company car with all benefits
2. New car from 01/22 with 5 years warranty...
If the washing machine breaks down, well, then there will just be a new one.

I’d be cautious with that statement.
The bank only cares that it can be represented. They only want to see your payment and roughly calculate if it fits. Whether you can still live comfortably afterwards or if your living standard noticeably drops, the bank doesn’t care at all.
Ultimately, they always check how high the risk is for them as a bank and price the risk into the interest rate if necessary. Which they did in your case with an interest of 4.35%, not exactly cheap. So the bank apparently considers the deal risky.

Right now everyone just gets the interest rate. That has nothing to do with ME. The current situation just sucks. The banks themselves don’t know where they’re going... interest goes up daily. Yeah, that’s just how it is, unfortunately. But to interpret that as a sign the payment is unhealthy, I think is exaggerated.

And to build scenarios right away -> payment can’t be made, lawyer, bailiff... yeah... you can also overdo it.

I am fully aware this is no hooray scenario. But for all the “glass half full” people here, a household income of 8000€ would make this payment just about okay... In what world do we live where these are the circumstances?

Somewhere a few days ago, someone wrote here that this forum mostly consists of 20% upper class with corresponding income. I’m starting to believe that too. Everything that doesn’t fit into these people’s calculations is immediately unhealthy.
And then come phrases like "The OP has too little money for other things." Great :)

We have neither expensive hobbies nor do we have to go on vacation 3 times a year for 15,000€. We live as we currently do, and very well at that. We just save less. For now. We also have enough buffer. Salary increases as well.

Here, the devil is painted on the wall as if everything will suddenly become twice as expensive and then stay that way for the rest of our lives.

I wonder how our parents managed to build property back then... According to the opinions here, everyone should only live in a 60m2 rental flat.

And one more thing about all these percentage hunters here.

I am “accused” of having about 40%, which is way too much. OK.
That means, for someone with 8000€ income it would be okay. But then that person goes on vacation 3 times for 15k. The daughter’s horse costs a hell of a lot. The two big cars on lease also cost a ton. And the wife’s weekly wellness trips aren’t exactly cheap either.
At the end of the day, he has just as much money left for groceries, etc. as I do. And now? You realize it yourself, right? These percentages mean nothing.

We live very well on 1200€ for groceries etc. Others can’t get by with 2000€...

So, this somehow triggered me. Especially the great statement “too little money for other things”


Still, I want to thank everyone again for the input. It did help me after all.
Have a nice evening everyone.

wow :D So you're the one who now decides when someone has too little money for other things, right? I'm curious. From when do I have too little money? And for which other things?

I am aware that this topic is highly polarized here. Yep. Many say too high risk, many say it's fine, many say never in their life, etc. etc. etc.

But sometimes, constructs are structured here to lean either one way or the other. Everything breaks down at once. Exactly. The car won't start in the morning, engine broken, car totalled. Then the bike is also broken, and because I can't go anywhere and want to do laundry, I see the washing machine is also broken. Exactly... In MY case. 1. Car company car with all advantages 2. Car new from 01/22 with 5 years warranty... Should the washing machine give up, well then there will be a new one.

Everyone currently gets the interest rate. That has nothing to do with ME. The situation is just crap right now. The banks themselves don't know where to go ... the interest rate rises daily. Yes, unfortunately that's how it is. But interpreting that as a sign that the rate is unhealthy, I find exaggerated.

And immediately building scenarios -> rate can't be paid, lawyer, bailiff... yeah.... you can also exaggerate.

I am fully aware that this is not a cheering scenario. But for all the "glass half full" people here, an €8000 household income for this rate would be just okay... In what world do we have these circumstances?

Somewhere here, someone wrote the other day that this forum consists mostly of 20% upper class with corresponding income. I’m starting to believe that too. Everything that doesn’t fit into these people's calculations is immediately unhealthy. And then come phrases like "the original poster has too little money for other things" Top :)

We have neither expensive hobbies nor do we have to go on vacation 3 times a year for €15,000. We live just as we currently do, and very well. Just less is saved. For now. There is enough buffer. Salary increases as well.

Here, the devil is being painted on the wall as if from now on everything will cost twice as much and stay that way for the rest of life.

I wonder how our parents managed to build property back then... According to the opinions here, everyone should only live in a 60m2 rental apartment.

And something about all the percentage hunters here.

I am "accused" that about 40% is way too much. OK. That means with someone earning €8000 income it would be okay. But there they go 3 times on vacation for €15k. The daughter's horse costs a ton. The two big cars from leasing also cost a lot. And the wife's weekly wellness trips are not exactly cheap either. At the end of the day, he has exactly as much money left for groceries etc. as I do. And now? You see for yourself, right? These percentages mean nothing.

We live very well with €1200 for groceries etc. Others can't manage with €2000...

So, somehow all this triggered me. Especially the great statement "too little money for other things".

Nevertheless, I want to thank everyone again for the input. It still helped me. Have a nice evening everyone.

Are you finally done self-validating? ;) Amen. It only triggers you that hard because doubt sits inside you. But well, everyone has their rage mode once in a while, let's blame it on that :) Have a nice evening too :)

have you finally finished self-validating? ;) Amen. It only triggers you so hard because the doubt is inside you. but okay, everyone gets into rage mode sometimes, let's just put it down to that :) have a nice evening :)

I'm waiting for the explanation to "I have too little money for other things" is there more to come? Or was that the typical bar-room phrase?

I don't know what you spend money on or what eventualities YOUR life holds? You already have everything under control and have listed that you are safe? If you were safe, you probably wouldn't have started an anonymous thread on the internet to ask complete strangers what they think about your finances.