Special repayment, saving or consumption?

Def

You also have to be allowed to live. Otherwise, you have achieved exactly what we always warn against in the financing threads: working only for the house.
Besides, the debts are scandalously cheap. I would preferably reduce the current repayment, but our contract does not allow it.

Definitely. That's why I always advise against taking out €400k or more with a monthly income under €5k here.
Many people calculate their living expenses to death. When I think about what has just come in, I would have to beg my parents without sufficient income.

especially in the long run. Two, three years is possible, but not 10, 15, or even 20 years. If it is too tight, nothing is possible anymore, not even a coffee to go.

Apart from that, the debt is scandalously cheap. Ideally, I would reduce the current repayment, but our contract does not allow it.

But in the end, the high remaining debt remains, and you don't know at what interest rate you will continue to finance it.

We could reduce our repayment from 5%, but we would even repay more if we could contractually. For that, we use the option each year to make a €9,250 special repayment so that we finish faster.

I would actually be interested in why you would do it differently.

If you generate more interest through "saving," that is, through repayment, you should not repay.

Some people cannot sleep with debt, even if wealth is being built on the other hand; others have neither the time nor the talent to earn more interest on their balances. It should be clear that this cannot be achieved with a savings contract and [Tagesgeldzinsen].

If you earn more interest through "saving," meaning through repayment, you shouldn't repay. Some cannot sleep with debt, even if an asset is being built on the other side, others have neither the time nor the talent to earn more interest income. It should be clear that this is not achieved with a savings contract and overnight money interest.

Unfortunately, I belong to the talentless, had to realize a stock loss of €22k in the 2013s, where you couldn't go wrong with Tesla, Facebook, Apple, Netflix, Amazon, and the like. In the end, I ended up with fuel cell Therefore, special repayment is the only option. Otherwise, my wife will turn my head. She took it better back then than expected

Some people can’t sleep because of debts, even if an asset is being built on the other side, others don’t have the time and talent to earn more interest on their balances. It should be clear that this is not achieved with a savings contract and overnight money interest rates.

In my head, the only statements swirling around are that one basically gets no interest on balances.

I also belong to the category of people who feel uneasy with existing debts and do not rely on or want to rely on wealth building through interest.

And unfortunately, I am totally untalented in this area as well. With the slightest fluctuations, I would already see myself in personal bankruptcy..