ᐅ How much are your living expenses after building your house?
Created on: 21 Aug 2019 14:24
K
Kusserob
Hello dear community,
We have been proud homeowners for one year now, and I need some help regarding our family’s living expenses.
These are our average monthly costs:
- Food / personal care: 600€
- Utilities (electricity/heating/water): 250€
- Mortgage repayment: 1300€
- Home insurance (contents + building): 50€
- Private insurance (private pension, disability, term life, accident, liability, legal protection): 365€
- Car: 200€ (including 50€ monthly savings)
- Mobile / internet / streaming services: 100€
- Savings: 270€
- Miscellaneous (restaurants, cinema, hairdresser, etc.): 200€
- Clothing: 100€
- Purchases (home/child): 150€
TOTAL: 3585€
We are a household of three (single-family home with 150 m² (1600 sq ft)) with a toddler (2 years old), and I personally consider this amount quite high, but I don’t know where we could significantly cut costs. We don’t have expensive hobbies or other major expenses.
What are your typical monthly expenses?
I’d appreciate any comparison.
Best regards,
Basti
We have been proud homeowners for one year now, and I need some help regarding our family’s living expenses.
These are our average monthly costs:
- Food / personal care: 600€
- Utilities (electricity/heating/water): 250€
- Mortgage repayment: 1300€
- Home insurance (contents + building): 50€
- Private insurance (private pension, disability, term life, accident, liability, legal protection): 365€
- Car: 200€ (including 50€ monthly savings)
- Mobile / internet / streaming services: 100€
- Savings: 270€
- Miscellaneous (restaurants, cinema, hairdresser, etc.): 200€
- Clothing: 100€
- Purchases (home/child): 150€
TOTAL: 3585€
We are a household of three (single-family home with 150 m² (1600 sq ft)) with a toddler (2 years old), and I personally consider this amount quite high, but I don’t know where we could significantly cut costs. We don’t have expensive hobbies or other major expenses.
What are your typical monthly expenses?
I’d appreciate any comparison.
Best regards,
Basti
B
boxandroof26 Aug 2019 13:24We don’t have a fixed savings rate. Whatever is left over simply isn’t spent. My wife still pays a small amount into a Riester pension. Whether that makes sense, I’m not sure. We fully utilize prepayments on our loan and have invested in photovoltaics. Both currently offer a decent interest rate and are almost risk-free.
We do need to take care of investment opportunities that carry more risk. Insurance products are not an option for that.
We do need to take care of investment opportunities that carry more risk. Insurance products are not an option for that.