Special repayment, saving or consumption?

When I retire next year, of course my pension will be 30% less, well, the estimated income will also decrease, and the private health insurance will only have to cover 30% instead of 50% now, nevertheless, it will be less. I am quite glad to be debt-free. Of our two children, our son studied in MS, in HRO, and in Rome. At the beginning of his studies, we gave him 12,000 euros, which we had saved for him over the first 18 years of his life. We obviously gave the same to our daughter, but she didn't waste it on studying. He also received 500 euros per month from us on top of that. Otherwise, he earned money at the Max Planck Institute, among others. Don't pamper the children too much, it is no shame to earn money on the side, the big New Zealand trip doesn't have to be at your expense, and having to budget a bit during studies doesn't hurt, it increases learning success. K.

We have now been in our little castle for almost 3 years. So far, a lot of money is still going into the house. However, we also did not consider the outdoor facilities in the loan and have been paying for them bit by bit from the salary. This year, the fireplace is still due, next year my husband's dental bill and the terrace. Then we will finally be done with the big things. So far, there has been no extra repayment or saving at all. I have reduced my hours because of our little one, which is reflected in the monthly statement. But this year, there will clearly be more money left in the cash register. Maintenance costs will be lower, daycare fees will be waived from August, and the washing machine will be paid off. That will amount to 1000 € more each month from the end of the year. Then we will save sometimes. However, I don't think we will do any extra repayments. I would rather travel the world with the money or go to a musical with the kids. No matter how we pay off the loan, as soon as I retire, the construction will be paid off.

After we moved in 2017, I have now made our first special repayment. We can repay a maximum of 3%, which we have now done. The special repayment for next year is already prepared and will be made in December. Originally, we did not plan to work much with special repayments, since we have a full repayment loan with a 27-year fixed interest period, but now we will make use of this as well. With each special repayment, we finish about 1 year earlier, so currently around 2043. Let's see, I will start part-time at 50.

Yep, it is impressive how much special repayments can have an impact.
Our first special repayment in 2014 amounting to €7500 on the main loan saved us almost €10K in interest over time and about 1 year and 3 months of loan term.
Currently, we have saved €56K in interest and 13 years of loan term.

The interest rates in 2013/2014 were of course different than in 2017 or nowadays.

We'll see, I'm going part-time at 50.

Amateur, my wife goes part-time at 30 and I at 34 permanently.

Thanks to the previous and future (definitive) special repayments, we'll probably be done in 15 years. Originally, 25 years were planned, but to stretch it out that long, we'd probably have to reduce the repayment to 1%.

Special repayments at an interest rate of 0.xx%? No way...