ᐅ Listing of monthly utility and operating costs. Is there anywhere I can find something like this?
Created on: 14 May 2018 12:25
D
DanielaS
Hello everyone,
I’m not sure if this is the right place to ask, but no other category seemed to fit this topic.
My question is for those who have recently moved in or have been living in their houses for a while: What are your monthly ongoing costs, and how are they made up?
It might be helpful to include details like the size of the house, how many people live there (and their ages), the country you live in, etc.
I’m thinking of all regular expenses related to the house, such as electricity, water, waste collection, taxes, insurance, and so on. It would be great if someone could share their experience. If there is already a list of such costs somewhere, I’d appreciate a tip on where to find it.
Thanks!
Daniela
I’m not sure if this is the right place to ask, but no other category seemed to fit this topic.
My question is for those who have recently moved in or have been living in their houses for a while: What are your monthly ongoing costs, and how are they made up?
It might be helpful to include details like the size of the house, how many people live there (and their ages), the country you live in, etc.
I’m thinking of all regular expenses related to the house, such as electricity, water, waste collection, taxes, insurance, and so on. It would be great if someone could share their experience. If there is already a list of such costs somewhere, I’d appreciate a tip on where to find it.
Thanks!
Daniela
And servicing a 16-year savings plan for 1000€ scooter? I would call that dead capital.
Besides, it’s a valuable experience when kids earn and finance their own little projects.
Mine have a stock portfolio for birthday money and so on.
Annual amounts like insurance premiums go into a high-yield savings account. Many banks also allow opening any number of such accounts, so you don’t need Excel or similar tools—you can create a separate account for each item. For example, with ING-Diba, you can do this and freely name the accounts to keep everything organized.
Besides, it’s a valuable experience when kids earn and finance their own little projects.
Mine have a stock portfolio for birthday money and so on.
Annual amounts like insurance premiums go into a high-yield savings account. Many banks also allow opening any number of such accounts, so you don’t need Excel or similar tools—you can create a separate account for each item. For example, with ING-Diba, you can do this and freely name the accounts to keep everything organized.
Alex85 schrieb:
And servicing a scooter with a 16-year savings contract for 1000€? I call that dead capital.
By the way, it's a valuable experience when kids earn and finance their own fun.
Mine have a stock portfolio for birthday money and so on. It’s not my dead capital. :-p
By the time they turn 18, both will have a five-figure amount. That is intended to be used for a driver’s license and a used car.
C
chand198616 May 2018 10:20I clicked "like" on Alex’s post.
Please don’t get me wrong: I completely understand why parents think it’s beneficial to give their children some financial freedom on their 18th birthday (whether for a driver’s license, additional training, or other things—that doesn’t matter for now).
But why not talk to teenagers at around 16 and explain how much certain things cost if they want to have them from 18 onward, and that it would be a good idea to start a part-time job?
These are exactly the skills and mindset that schools don’t teach—when you earn your own income and deal with saving and/or spending money you earned yourself, even if you’re still immature. An allowance doesn’t achieve this because it’s processed mentally differently: you didn’t earn it, at most you negotiated for it.
After all, most well-off parents will financially support their children through university anyway, whether an account was set up beforehand or not. At some point, personal responsibility has to start.
The message: If you want to buy a used car at 18, you should already be working for two years, and we’ll help you with your driver’s license—I personally think that’s a healthy compromise.
Please don’t get me wrong: I completely understand why parents think it’s beneficial to give their children some financial freedom on their 18th birthday (whether for a driver’s license, additional training, or other things—that doesn’t matter for now).
But why not talk to teenagers at around 16 and explain how much certain things cost if they want to have them from 18 onward, and that it would be a good idea to start a part-time job?
These are exactly the skills and mindset that schools don’t teach—when you earn your own income and deal with saving and/or spending money you earned yourself, even if you’re still immature. An allowance doesn’t achieve this because it’s processed mentally differently: you didn’t earn it, at most you negotiated for it.
After all, most well-off parents will financially support their children through university anyway, whether an account was set up beforehand or not. At some point, personal responsibility has to start.
The message: If you want to buy a used car at 18, you should already be working for two years, and we’ll help you with your driver’s license—I personally think that’s a healthy compromise.
chand1986 schrieb:
I clicked “like” on Alex’s post.
Please don’t get me wrong: I understand why parents think it’s beneficial to give their children some financial freedom when they turn 18 (whether for a driver’s license, additional training, or whatever else for now).
But why not sit down with the teenager at 16 and explain how much certain things cost if they want them from age 18 onward, and why it would be a good idea to start a part-time job early on?
These are exactly the skills and mindset that school doesn’t teach—earning your own income and dealing with saving and/or spending your own money at a young age, even if you are still immature. Pocket money doesn’t have the same effect mentally: you didn’t earn it, at best you negotiated for it.
After all, most financially stable parents will support their children’s studies anyway, regardless of whether a bank account was set up before or not. And at some point, self-reliance has to begin.
The message: If you want to buy a used car at 18, you should already be working for two years before that, and we’ll help you with the driver’s license—I personally think that’s a healthy compromise. That’s my view as well. Back in ’99, I earned 6DM (about $3) per hour stacking shelves at EDEKA. It didn’t harm me and I’m passing it on like that :-)
However, the savings accounts are in the grandparents’ names on behalf of the children. And you know how grandparents are—they turn off their heads for their grandchildren and forget all the upbringing they expected from their own children. That’s full-on grandparent dementia in action.
C
chand198616 May 2018 10:46Zaba12 schrieb:
And you know how grandparents are—when it comes to their grandchildren, they switch off their brains and forget all the parenting principles they applied to their own children. That’s when full grandma/grandpa dementia kicks in.😀
I experienced the same. But my parents were smart: they managed to make an unspoken agreement with my grandparents. Then, when I turned 18 and already had some money saved up, I suddenly got an extra offer: “Here you go, now you can pay for your driver’s license.” I could afford it. And with my friends, I went on a nice graduation trip to Mallorca. I treated myself.
In my opinion, gaining experience from working for money at least once is irreplaceable. It greatly increases the willingness to take on part-time jobs during university.