Saving for the future to build a house - but how?

Hello dear community,

My girlfriend and I are 19 / 21. We want to fulfill the dream of owning a home someday. (Please no comments like "grow up first," "see if you stay together," blah blah blah). We have been together for 5 years now and both started our apprenticeships this year. We would like to build a house in our early 30s if everything goes well and want to start saving money to make this possible someday. Together, we could save €800 in the first year of apprenticeship, €1000 in the 2nd and 3rd years. Afterwards, we would like to save a bit more each month, about ~ €1200. Our saving period would be around 7-8 years. Now the question is how to save the money best: building society savings, daily allowance account, or a securities account, although the latter requires quite a lot of knowledge (I have only skimmed through it). I think many here already have lots of experience and can give us helpful tips that we would be very grateful for. We would also like to be flexible with the money, meaning that if something comes up in those 7-8 years and the house purchase does not happen, we don’t want to have debts or have to pay money because of fixed terms or other reasons. As I said, I am unfortunately very inexperienced and am dealing with this topic for the first time.

Thanks in advance for the help and tips. If more information is needed, just let me know; unfortunately, I don’t know which data are interesting in such cases.

If you want to build safely, I would even consider a building savings contract in this case......with it, you secure the low interest rates to a certain extent and build up a certain foundation with which you can already achieve a good financing as one building block when it matures in 7 - 8 years

A household budget has helped many. First, write down all costs there, fixed costs, but also every bread roll. Then you see how much is even feasible. I would deposit the remaining money* into a third account. In case of emergency, you can access it, but it is parked. Then keep an eye out for which bank offers interest here and there. Then park the money there for a year. We are all very curious about what this will bring in terms of savings in the future. *However, in your position, I would not be too strict with yourselves: Whether you set aside 50€ more or less per month makes hardly any difference later – but right now, some saved euro more would bring more joy if you thoughtlessly spend it once in a while, e.g., on the cinema or vacation.

I wouldn't overdo the saving either, or actually not at all. Working for two months saves you more than you painfully scrape together in the 3 years of training.

On the other hand: whoever manages to save money during their training will definitely be able to finance a property later on! ;-)

Depends on whether, as an apprentice, you are already financing your own household, etc... Fridge always full, car insurance paid by parents. All other insurances are not even on your radar yet. Retirement provision and so on and so forth... Looking back, I had more money available for myself as an apprentice than now :)