Special repayment, saving or consumption?

2022-06-11 08:18:46

I never buy meat at the butcher. Only at Aldi. The cheapest in the xxl pack :p. But G Klasse.

2022-06-11 08:25:21

I never buy meat at the butcher. Only at Aldi. The cheapest in the XXL pack :p. But G class.

So you live in the G-Class. :D

2022-06-11 08:34:41

So in the private sector, we had 2.5% in April. For everyone from the assembly line to the director. In return, we have the luxury of being able to be put on short-time work at any time because VW is closing plants. I don't really see the advantages right now; surely there are other positive examples, but especially now there are quite a few examples of crisis-ridden companies.

Let's see what happens in the near future. I think we'll return to a phase where everyone wants to work in the public sector because security counts more than possibly a little more salary. By the way, I know both sides, I was once in TV-L E13 3. The salary now is a good bit higher (comparable to E15Ü 5), but the risk and tasks are adjusted accordingly.

On the topic “The house is now worth 500k instead of 300k”:

The 300k from 5 years ago also had significantly more value. For example, I could have bought 250,000 liters of diesel. From the 500,000 EUR house value today, I can only get around 250,000 liters and have to pay a lot more in restaurants ;-)

Really, you earn/get almost 100k gross per year and really don't see the advantage? I would say that you get to 100k much faster/easier in the private sector than in the public sector. There, you basically have to become a director or head of an authority to get there. At IGM that’s still in the tariff with a 40-hour contract. At E13 IG BCE you can also barely get there with profit sharing etc. And we're talking about clerks with maximum technical leadership. Team leaders of small teams are usually already exempt from collective bargaining.

In my case, according to the development plan, I will soon be upgraded as an "expert" to E13 (IG BCE) and with first technical leadership, it will then go into exempt status.

So, if anyone can't complain, then "we" in the industry.

2022-06-11 09:21:28

Really, you earn/get almost 100k gross p.a. and really don't see the advantage? I would say that in the private sector you reach 100k significantly faster/easier than in the public sector. You almost have to become a director or head of an authority for that. With IGM, that's still within the tariff with a 40-hour contract. With E13 IG BCE you can also just about get there with profit sharing etc. And we're talking about clerks with a maximum of technical management. Team leaders of small teams are usually already exempt employees.

For me, according to the development plan, I will soon be upgraded to E13 (IG BCE) as an "expert" and with first technical management it will then go into exempt status.

So, if anyone can't complain, it's "us" in the industry.

The financial aspect is only part of it, certainly no longer the most important above a certain salary level. And of the 25 people in my team, 20 are grouped roughly up to a maximum of E11. One earns significantly more, one about the same, and two are around 70k. We are not an IG Metall company, not everyone is in the fortunate tariff situation at the OEMs, who make profits at the expense of the supply chain. Of the 2500 people with us, a very large portion earns just above minimum wage. (€13.24/hour) Do such salaries even exist at VW, Daimler or BMW?
If I had stayed in the public sector, I would now have something around 70k; options to change are quite plentiful given the labor market situation, for example towards ministries. That is of course a financial difference. But there was no issue with short-time work, job loss, or tense work situations there. I also didn’t know overtime, and when the day was over I didn’t have the work on my mind anymore.

2022-06-11 11:32:36

I also keep wondering whether I should put what I have left at the end of the month into the special repayment, save it, put it into the house, or spend it on consumption. I try to always get a mix of everything. But overall, since we bought a house, we have become more frugal than before. Now with inflation, it's getting even more difficult. I have a permanent full-time job in the public sector (TV-L) and can join the conversation when it comes to the public sector :rolleyes::mad: salary increases are simply ridiculous. This year there was a Corona special payment, and from December 1.29 percent more. That was the collective agreement reached last November, and it has to last for two years. Of course, inflation does not even remotely compensate for that. With 1.29 percent more salary, that means maybe 35 euros more net for me. That then goes to the higher health insurance contributions that Mr. Lauterbach is currently talking about (I read it somewhere).

2022-06-12 12:03:09

I keep wondering whether I should put what I have left at the end of the month into special repayments, save it up, invest it in the house, or spend it on consumption. I try to always have a mix of everything. But overall, since we bought a house, we have become more frugal than before.

I see it similarly. We also decided on a fairly large house, which is luxury in itself. You can live well in fewer square meters too. But I also see it as a hobby of ours. Having a nice home, being able to let loose in enough rooms and with sufficient space is something we have of course additionally paid for, but also enjoy. For those to whom that is less important, they certainly won’t hesitate to build smaller and have more money for other consumption. I therefore also classify part of our higher monthly burden for the house as luxury/consumption. Otherwise, we want to aim for a mix of special repayments and treating ourselves. Being debt-free as quickly as possible and living well in old age sounds nice on paper, but fate can also throw a wrench in that. For me, life is always about the here and now. But that doesn’t mean I don’t have goals - like being debt-free by retirement, for example. But being done after 10-15 years, that doesn’t have to be.

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Special repayment, saving or consumption?

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