Youth financing feasible or too early?

I also find your expenses set far too low (except for the mobile phones, which I find quite high). You write about fixed costs, but what about variable costs? References won't help you there either... You have to know your finances yourselves.

According to your calculation, a whole salary remains every month. Where has that been so far, is that the case?

220 € might be reasonable for the car, but then without financing installment/saving for a new purchase or depreciation.

I also think we are actually very frugal and think over every major expense three times before buying, although I do get a bit puzzled when I see 's living expenses for five people.

Why do you get puzzled? Do we spend too much or too little?

Wait and finish your studies. After that, I would see further. Why commit now? Above all, you have a huge loan running that demands a lot from you initially, and there isn't much buffer if something goes wrong.

Why do you hesitate? Are we spending too much or too little?

If I compare your living expenses and ours relative to the number of people, then we spend too much. Although you probably can’t really do it exactly, because whether you cook for 3 or for 5 is no longer such a big difference, and your "little one" surely also wears clothes from the two big girls from time to time. In addition, there are certain expenses that remain the same regardless of how many people live in the household. Therefore, that probably fits.

A hello from me to the original poster as well

Since my salary is pretty similar, here is my cost breakdown.

BUT calculated in the "worst case," where the man works full-time, the woman is at home with 2 children (parental leave) including child benefit, etc.

Deductions

[*]Retirement provision, life insurance - €500
[*]Mobile phone - €80
[*]Gasoline - €350
[*]Home savings plan €200
[*]Operating costs house - €520 (heating costs, water/sewage, hot water, property tax, waste disposal, insurance, street cleaning, chimney, garden maintenance, general electricity, other costs, Telekom)
[*]Groceries - €500
[*]Insurance / tax - €150
[*]Private health insurance - €200 (partner is a civil servant) child contributions not yet known.
[*]Kindergarten / daycare - €250
[*]Clothing - €200
[*]Hygiene articles - €100

Thus, for the loan in our case, a maximum of €800-900 remains per month. Without 13th salaries, or other bonuses like vacation pay and so on. If I now set a limit and say I want to be done in 25 years, I know what I can approximately afford.

Of course, these are only assumptions and not existing deductions.

With the approximately €1300 you want to repay monthly, I would be terrified, since as soon as children come, that can never ever work out. (even assuming you earn better after studying) After my studies I first had a heap of debt ^^

Regards Andi

If I compare your living expenses and ours in relation to the number of people, then we are too much. Although you probably can’t really do that, because cooking for 3 or for 5 is not that much of a difference anymore and your "little one" certainly also wears clothes from the two older girls from time to time. In addition, there are certain expenses that are the same regardless of how many people live in the household. Therefore, it probably fits.

The difference really isn’t that big anymore! Our living expenses really mean “only” food, clothes, drugstore items, weekend activities with/without kids, etc. – no fixed costs.