Thank you very much for your responses so far!
I have to follow up again, even if it will be rather harsh. Please don’t take it personally.
Don’t worry, bring it on! Without the expectation of critical questions and your well-known hard-hitting manner, I wouldn’t have posted at all. Since we don’t know each other personally, I also take nothing personally here.
I hope now I can clear up a few uncertainties:
1.) Baukindergeld ( ): as I wrote, we don’t include that at all. We know it exists, but I don’t want to factor it in because of the mentioned uncertainties.
2.) The kitchen will be covered by a separate loan; I will NOT use equity for that. It’s planned to run for 3 years and will cost about €340. Accordingly, we will be OVER our self-imposed limit for the first 3 years.
3.)
The sibling bonus is missing from the parental allowance!
Absolutely right. But since it is only paid for the first 6 months, I don’t include it. In principle, I want to exclude my wife’s income, no matter what form, to have a small buffer. She will definitely go back to work, if only for the health insurance and because staying at home otherwise will slowly drive her crazy.
4.) Own contributions: I count them as “muscle equity” towards equity and have not deducted them from the house price. Accordingly, the material costs are priced into the loan.
5.)
For someone who keeps a detailed household budget, your financial planning is pure chaos. At least as presented here:
Thanks ^^ I compiled and calculated the data for the requested overview here. Accordingly, there are discrepancies. Maybe I made a presentation error, but I don’t want to upload my Excel here. The fact is: I have lived this way with my household planning for a decade and miraculously it works out every month.
Out of the €8k, I actually receive more than €5k net due to the private health insurance (yes, for families with more than one child it is expensive, but so far we are cheaper compared to statutory health insurance. On the other hand, here in the metropolitan area it’s advantageous for my boys because they get appointments faster—people can think what they want about that; I find it antisocial, but we all live in this system and have to get the best out of it for ourselves—and all medications are reimbursed without co-payments. That is worth the extra cost to me.) If I subtract the health insurance from the amount I am paid, €5k remain. I use that for all fixed costs. Whatever is left over gets transferred to a household account, onto which income (currently child benefit and parental allowance) is also deposited. From that we pay the variable costs.
6.)
What remains is the savings contribution for the house of €600. I find that very little. I would leave out this separation into emergency fund and house. Why not just: savings contribution €750, equity €50,000, of which €30,000 will be invested in the financing. One sentence, perfectly clear.
Okay, then like this.
7.) She will earn about €750 NET per day with 5 hours/day depending on the job here in the area. We calculate €600, but since it should not go into the financing and cannot when applying (since it does not exist yet), everything plus.
8.)
This description is ambiguous. I interpret it as additional costs of €450 arising. Not much of the wife’s salary remains for luxury then.
Correct, the €450 comes on top. Not much remains then, we are aware of that. It should come out about the same as now, due to the additional burden with the house. Also aware of that and we accept that we can only afford holidays with grandma in the garden or at the Baltic Sea for the first few years at least.