Hello,
while browsing, the name caught my attention.
We (4 people) will spend some time in the south during the summer, have booked a vacation in October (on the weekend), and the ski hotel.
So just casually spending 5,000 euros (about 5,500 dollars). I often struggle with whether to live life or save. We earn well, have hardly any loan payments, and will also receive an inheritance at some point.
What about you?
while browsing, the name caught my attention.
We (4 people) will spend some time in the south during the summer, have booked a vacation in October (on the weekend), and the ski hotel.
So just casually spending 5,000 euros (about 5,500 dollars). I often struggle with whether to live life or save. We earn well, have hardly any loan payments, and will also receive an inheritance at some point.
What about you?
H
HilfeHilfe3 Jun 2020 13:20aero2016 schrieb:
Oh, we haven’t had such affordable (cheap?) vacations in a long time. Were those some kind of coronavirus deals? We like to really treat ourselves on vacation. If, after building a house, we could only afford vacations like yours, we’d have to admit we miscalculated on the build. But maybe it will be different for you once you have paid off the mortgage in 8 years. Until then, you just have to save a bit.
Everyone just has their own perspective! As I said, I built small or bought a new build.... according to my circumstances at the time
HilfeHilfe schrieb:
I just wanted to know how you define "living" and how people budget for it.
Despite the pandemic, an incredible number of tight financing requests keep coming in, which makes me wonder how people manage to balance living and financing.
And no, I don’t have a Porsche in the driveway, but I purposely financed on a smaller scale. Many of those building a house now started their careers after the last crisis in 2008. Since then, everything has only gotten faster, better, more.
Some only know about unemployment, short-time work, or countless unsuccessful job applications from stories. Yes, the hairdresser has to close, friends working on the assembly line are on short-time work, but not me. They aren’t aware of the domino effect.
HilfeHilfe schrieb:
As I said, I built a small house or bought a new build... according to my circumstances at that time.And you still have to pay it off for so long? You must have done something wrong there.H
HilfeHilfe4 Jun 2020 06:37aero2016 schrieb:
And you still have to keep paying off for that long? You must have done something wrong.No, we chose to spend on consumption and vacation.F
Fummelbrett!4 Jun 2020 08:09My opinion: A financing plan can only be considered good if you don’t have to restrict yourself after building the house. Whether you earn $2,000 or $8,000 net, it makes no difference.
If someone used to fly on vacation five times a year, never kept a car longer than two years, always wanted the latest fashion in their wardrobe, and went to restaurants twice a week, it will be difficult for them to suddenly give that up.
However, those who were already mindful of their expenses before building their home or didn’t have such high expectations will manage well to continue living that same lifestyle afterward.
What I find problematic are those who lived extravagantly before, were unable to save, and suddenly expect to give up vacations, new cars, expensive clothes, and so on once they move into their house, convincing themselves beforehand that the budget will work out. If you previously spent your entire income within the month, it’s unrealistic to expect to save $2,000 monthly on short notice. Many people get used to treating themselves for their mental well-being— for some, that might be a bottle of champagne and designer clothes; for others, a good book is what brings them joy.
If someone used to fly on vacation five times a year, never kept a car longer than two years, always wanted the latest fashion in their wardrobe, and went to restaurants twice a week, it will be difficult for them to suddenly give that up.
However, those who were already mindful of their expenses before building their home or didn’t have such high expectations will manage well to continue living that same lifestyle afterward.
What I find problematic are those who lived extravagantly before, were unable to save, and suddenly expect to give up vacations, new cars, expensive clothes, and so on once they move into their house, convincing themselves beforehand that the budget will work out. If you previously spent your entire income within the month, it’s unrealistic to expect to save $2,000 monthly on short notice. Many people get used to treating themselves for their mental well-being— for some, that might be a bottle of champagne and designer clothes; for others, a good book is what brings them joy.
H
HilfeHilfe4 Jun 2020 08:29Fummelbrett! schrieb:
My opinion: A financing plan can only be good if you don’t have to restrict yourself after building the house. Whether your net income is 2,000 or 8,000 euros.
If you used to travel on vacation five times a year, never kept a car longer than two years, always wanted the latest pieces in your wardrobe, and went to restaurants twice a week, it will be difficult to suddenly give all that up.
However, if you were already careful with your expenses before building the house or had lower demands, you will manage well afterward with the same lifestyle.
What I find unfortunate are those who lived extravagantly before, couldn’t save anything, and suddenly want to give up vacations, new cars, expensive clothes, etc., once they move into their house and try to justify their expenses beforehand. No one who used up their entire income during the month will be able to save 2,000 euros (about 2,200 US dollars) per month just like that. Many get used to treating themselves for their well-being – for some that means a bottle of champagne and designer clothes, for others, it’s enjoying a good book.Thanks for the post. I completely agree.