Special repayment, saving or consumption?

2022-06-09 17:06:31

Spoiler alert: Babies are the cheapest children you can have and no, you don't need a new car for them. On the contrary, toddlers are very talented at making new cars look old. Better drive your car for another 6-7 years or buy something for half the price.

The car is a new vehicle, now 2 years old, list price 60k and currently leased at corporate customer rates until 10/23. Residual value expected to be 36k. My other car is 12 years old (originally 50k). Every 10 years the older one turns 20 and is replaced. I will not deviate from that, the child must behave in the car. No eating in the car. A protective cover on the backrest of the rear seat is of course mandatory.

2022-06-09 18:36:22

Now I have to ask a dumb question: How do you manage with children?

We're already out...

Our rate for all loans is 2000€.

... just under 1100€

2022-06-09 20:46:45

The car is a new vehicle, now 2 years old, list price 60k and currently leased under major customer conditions until 10/23. Residual value expected around 36k. My other car is 12 years old (cost 50k at the time). Every 10 years the older one becomes 20 years old and is replaced. I will not deviate from this, the child has to behave in the car. Eating is not allowed in the car. A protective cover on the backrest of the rear seat is, of course, mandatory.

You will still be surprised how the children's shoes regularly look and where all they put their feet when they sit in the car. The worst, however, is the entry area, which is hardly protectable.

2022-06-09 21:41:42

I also don't know the swimming course thing from me and my siblings and have often wondered whether people then prefer to pay twice or don't go to the swimming pool themselves or how most of them do it.

This is how it looks for me: I really don't like going to the swimming pool with four kids. When I take care of the 2-year-old and my wife looks after the baby, who is supposed to effectively teach the 6-year-old child to swim? I also have to keep an eye on the oldest in between. During the week after work, I have at least one more child in tow, so it's easier to drop the child off at the course and entertain the little ones elsewhere or go shopping with them. With the first two children, it was of course different, we were with them more often.

You will still be surprised how the children’s shoes regularly look and where all they touch with their feet when they sit in the car. The worst, however, is the entry area that you can hardly protect.

Or when you think you gave a drip-free drinking bottle to the back, which is then shaken so hard that the canopy gets dirty.

2022-06-09 22:17:21

But but, the child will behave … ;-) Well whatever, everyone has to have certain experiences themselves.

2022-06-10 00:35:10

Now I have to ask a stupid question: How do you manage with children? How can you pay off so much without significantly restricting yourselves? For us, it's already 500€ per month for daycare/food, then (a special case for us) almost 600€ in child support payments. Then the kids' sports gear with also 100€ monthly. Then a swimming course with 90€ here, holiday care with 260€ there, etc. Birthdays and Christmas not included yet. And for us, everything possible is second-hand. What’s left flows almost immediately into the house and garden. Currently, we are not saving anything at all. Extra repayments after 6 years zero (but we have been honest with ourselves and didn’t expect anything). We don’t earn badly. We have a household net income of 5k€. Our payment rate for all loans is 2000€.

We have about the same income as you, but only one child and daycare currently costs us 18€ per month or actually nothing because my wife’s employer pays for it. In nursery it was 145€, which he also covered entirely. Swimming courses, music school, and kids’ gymnastics cost us less than 100€ together. Our repayment is 1200€ per month; we have no other loans since my wife always drives an older used car and I have had a company car for 15 years. That already results in a considerable gap compared to you, despite identical income.

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Special repayment, saving or consumption?

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