Private retirement provision, occupational disability insurance (BDI), savings rate

Hi,
Comparison calculation with us:
Regular income she: 1755 euros
Regular income he: 2650 euros
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4405 euros

She:
DEBEKA LV60
Alte Leipziger AU65
DWS retirement provision
Riester92
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217 euros

He:
Riester139
AU179
AU263

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281 euros

Provision + AU = 498 euros

Other monthly expenses

She:
250 euros (car fuel/taxes/insurance, fitness, mobile phone)
He: 250 euros (joint insurances, 40 euros building savings)

Fixed costs excluding housing: about 1000 euros.


Housing costs:
Warm rent, electricity, internet: 1000 euros.

After deducting fixed costs, we have about 2400 euros left. If we don’t watch the money, we spend about 800 euros per month together on food/personal care/clothes/fun/gifts etc., although that’s already quite a lot. Usually rather 600 euros.

We have about 1600 euros left per month to put aside.
Vacations and other purchases are paid for with the tax refund and quarterly bonus payments (700 euros net/quarter).

What do you spend monthly on your retirement provision / disability insurance? Possibly overinsured? Have you tried a household budget book for your other expenses?

A child does not mean loss of income. It means 60% parental allowance and after 1-2 years you get back to work. If these 2 years break your neck with a house financing or something similar... well, then you have done something wrong.

How many children do you have?

2

And parental allowance does not have to be taxed? And you are going back to work full-time? If yes, then good that it somehow works for you - I do not want that for my offspring and it is more of an exception than a rule. In addition, children cost money - a lot of money.

I know what children cost. What does that have to do with the fact that the 2 years of parental leave don't mean a financial break? And what do you not want for your children? Are they doing that badly when your wife works? We managed great and I work part-time again as a lecturer at the university. I have my children right next to me at the campus kindergarten. Just because you have children doesn't mean you fall victim to your finances. I don't understand the scaremongering.