Should we build a house - or rather not?

  • Erstellt am 2012-02-02 09:14:53

cleotessa

2012-02-03 13:49:53
  • #1
So we don't live rent-free either, we pay about 550 euros rent plus electricity, etc. And yes... Maybe we were quite generous with money in the last few years. Saving 1-2 years of equity was also our plan - we've already started putting something aside every month. Currently, we have about 2000€ fixed monthly costs, I would be very grateful for tips on how to save something there! These are insurances, phone, private pension, ballet and music school, various [Bausparverträge], [Gewerkschaft]!

Hm, we'll probably have to go through rigorous saving! Best regards, Tessa
 

Shism

2012-02-03 15:47:02
  • #2


and you don't want to use them?

if they are not yet ready for allocation, I would seriously consider whether to simply cancel them in order to have the amount saved so far available as equity...
 

wadi1982

2012-02-03 15:53:58
  • #3
Depending on the age of the contracts, definitely sensible.

We have now also canceled 2 contracts. Taking them as a loan would have been pointless (loan interest of 4 or 5 percent).

So, only have the capital paid out and taken as equity.

Are groceries etc. already included in the fixed costs?
 

cleotessa

2012-02-04 06:07:53
  • #4
I will definitely check the amount of the loan interest, the argument convinces me.

And NO, our fixed costs do not include any groceries yet! I wonder every month where all the money goes. The biggest part consists of the insurances. We will have all of them checked now. Unfortunately, I have no clue about such things, but I am eager to learn!

Best regards and have a nice day (considering the current time!)
 

wadi1982

2012-02-04 08:01:37
  • #5
We had always asked ourselves that question too (so where the money goes).

I can only advise you (I think I wrote this in another thread once): Take the bank statements from 2011, a couple of cups of coffee, and half a day.

Open a spreadsheet and get started.
Go through each statement.
Record everything that goes out monthly with amounts.
Record everything that goes out quarterly / half-yearly / yearly converted to the month (so divided by 4 / 6 or 12).
When you have gone through all the statements, you should have recorded all fixed costs (including GEZ, taxes, .....).

Then you can see where the money goes at first.

What also helped us more or less was a "household cash box."
Even if we didn’t have to watch what went on food from it, it clearly shows where the money goes.
So just plan an amount x for groceries and keep it at home in cash. Then really pay for the shopping consistently from it.
For us, the difference was simply that we saw how the money decreased. That was not the case before (when you paid by card).

Once you have found the right amount x for yourself, add that to the list.
Also add what you spend, for example, on fuel every month.

Now actually nothing should be missing except "leisure expenses" (so for example we go out for food / drinks in the evening).

Now you already know what you spend per month. And only when you see the individual items can you, I think, also cut / eliminate unnecessary things.
 

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