Hi everyone,
I have revised the post 17 times now because new feedback keeps coming in – but I’m glad about the lively discussion.
I tried to roughly summarize it into thematic blocks:
So they only deduct taxes from you and then you get the employer shares on top and pay all the insurances yourself?
Weird approach, I’m also above the JAEG, but the contributions are forwarded normally by the employer. This way your “net” is not comparable to what is usually understood by that: namely the share of salary that is actually available to you – after deduction of all contributions.
May be mathematically correct, but very unusual to state it that way. As Altai already said, you suggest a higher income that you don’t actually have. Health insurance is not a voluntary insurance that you could simply eliminate without replacement.
Well, what can I do, that’s how it is. Of course I could also say “net I have just under 2400€” and reduce the stated insurance costs – but it comes out the same…. and besides, I can’t change the original post anymore.
I would also be interested in the cold rent and your actual monthly savings. And yes, health insurance must be deducted.
By summarizing the living costs into the 2,900 lump sum, I don’t know what exactly is included in it or if something is missing.
And why do you have difficulties calculating the second child when you already have one? At least the first period should be calculable.
When calculating the second one, I would assume it is “cheaper” (for example, we still have the “initial equipment” in good condition, both are boys and we have tons of clothes….), but I don’t even know exactly which costs the first child accounts for in our living expenses – I don’t buy “food for the junior” separately. But for the second, there are already items that come in (diapers, soon baby food, etc.) which I can’t specify precisely yet. Are there any rules of thumb?
Yes, that’s the best indicator: cold rent + savings compared to monthly rate and you can see how much leeway there is.
[..]
Cold rent €700 vs. €1200-1400 desired rate plus higher utilities, reserves, and all little things to be acquired…. doesn’t add up. Not even with €800 more from your wife’s part-time job! And you even say that your vacation costs will increase in the future. To put it bluntly, you’re planning to increase consumption.
Actually, you have great conditions with property, equity and a good salary, but as said, it doesn’t add up.
Why €800 – my wife earns €2500 part-time (tax class 3)?!
Going back and breaking down the household budget will answer many questions here.
We didn’t finish our evaluation last night, the kids have colds and don’t sleep well – so neither do we :-(
Roughly estimated
*, I still see a substantial monthly surplus, but I want to fully prepare the numbers first to see why they deviate so much from our first rough estimate
**.
* Our account movements are of course not perfectly linear, but if I compare the balances today with those from Jan. 2019 and divide by the number of months, on average across everything there are €2,000 left over per month. The calculation naturally includes additional money coming in through my wife, but the deviation from “nothing left over” seems extremely unrealistic to me.
** The tax refund of >€10k and a (one-time) expert activity for about €4k I may have excluded before, as these are not really predictable income, but that alone does not explain the difference.
Well. No savings at all is not correct. The equity was accumulated through saving. And if I understood correctly, the savings rate is fully included in the large swamp called “expenses.” Probably just no household budget was kept and whatever was left at the end of the month went to a separate account.
Something like that
How is the daycare place situation with you? Relaxed?
Our daycare year starts in August. Mid-year you only get a place with luck. Know many cases where usually the woman with zero income (parental allowance expired after 1 year) had to get by for months until the start of daycare + 1 month acclimatization.
If your 2nd child is 2 months old now and was born in June, that’s only 2 months.
That’s the plan, from September or October 2021 my wife will probably work part-time again (including a little buffer for daycare acclimatization). So there will be a few months gap, but not the end of the world.
We hopefully get a place in the same institution again, it’s just one route and within walking distance.
I’m also working in a federal “digitalization agency.” That means we were already quite advanced before corona regarding home office and most now work quite smoothly 100% in home office.
But even I don’t assume that no commuting costs will occur in the future just because I work from home. I assume in the long term I will go to the office 2 days a week.
That’s true, long term it will probably be a bit more again….
