Special repayment, saving or consumption?

  • Erstellt am 2020-02-02 19:14:09

Snowy36

2022-06-07 22:05:51
  • #1
Then explain exactly how that works / worked? I somehow can't understand how one can be done with the loan before 40 as a sole earner... How much did you borrow? How much do you pay back monthly?? Without concrete numbers, it’s all smoke and mirrors.

Ten years ago I could have bought a semi-detached house for 375K ... it would now also be paid off and I would be 40. But we decided to build and now have double the size instead of 120 sqm and much more "luxury" ... so it's not comparable ... apples and oranges.
 

Snowy36

2022-06-07 23:01:35
  • #2
For that, we have term life insurance … so for the very worst case.
 

HilfeHilfe

2022-06-08 06:02:41
  • #3
Hello, I was TE. Our starting situation was / is different. We have a relatively manageable remaining debt (170k) and a full repayment loan. A special repayment could be made, but it is not strictly necessary.

We have lived very well in the past two years. We bought a sauna & whirlpool and went on vacation 4 times. Corona has shown us that you only live once.

I can save later. There is about 4k in the savings account in case something breaks. The money will be spent.
 

Stonymelony

2022-06-08 08:22:04
  • #4


We bought a house back then, built in 1998, with 230 sqm living space in 5 rooms. We took out 180K for it and I have paid it off now in 9.5 years. We started with a rate of 800,- monthly back then, increased it to 1,200,- after almost 5 years and additionally made 10 special repayments of 9,000,- € each at the beginning of each year. So in the first 5 years, we paid an average of 1,550,- monthly and for the rest of the time just under 1,950,- monthly – over the total term, therefore, just under 1,800,- monthly.



No. I have 20K lying around for emergencies and the rest is spent. I proceed according to building blocks, but one after the other. The house building block is now done. Next comes the building block ETF savings plan.
 

Nemesis

2022-06-08 09:53:11
  • #5


That’s exactly the apples-to-oranges joke in your statements.
Compared to the average here, you have about 30% of the loan amount and started with about 50% of the rate. That you increased to about 80% of the average rate accordingly doesn’t earn any back pats and should therefore also not lead you to give overly aggressive advice to users struggling with other numbers... ;)
 

Steffi33

2022-06-08 10:08:05
  • #6
Please don’t be so generally critical.. every era has its figures. For me personally, it was generally about dealing with installment payments.. They should always be manageable, not cause sleepless nights or stomach pains. Emergencies can be "weathered" with enough equity (at least for a while). That doesn’t work if every cent goes into repayment.
 

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