Budget for 2019 for a 4-person household see list. Where else can you save?

After having posted my expenses here in the last few days I was criticized for having mixed annual and monthly expenses.

Now I've created a business plan for 2019 and broken everything down to the month. Since I think that we spend too much, in 2018 that was still 3.800 euro / month for 4 people. Now I want to try for 2019 under 3,000 euro / month to come. My created business plan comes only to 2,620 euro / month, which I probably will not do, because one or the other still comes to it. I would be glad, if you could look over it and tell me where I can save something.

Family Business Plan 2019 for 4 persons household

All annual expenses calculated on the month:

Fixed costs:

Cost of living 700 euro
Tax office tax prepayment 190 euro

House costs:

Building insurance 14,28 euro

House and basic contribution 7,08 euro

Property tax House 12 euro

Waste charges 17,83 euro

Water + sewage 53,75 euro

HDI household advice. 5,92 euro

Gas heating maintenance 25 euro

Chimney sweep 6,67 euro

Electricity costs 108 euro

Gas costs 156 euro

Total: about 413 euro

Other costs:

Telephone + Internet 41,67 euro

Glasses + contact lenses 20 euro

2 x mobile phone charges 30 euro

Electrical goods, consumer goods 50 euro

Netflix 10,99 euro

Amazon Prime 5.83 euro

Cable TV 20,36 euro

GEZ Broadcasting 18 euro

Medicines 8,33 euro

Death fund verse. 0,61 euro

Foreign KV. 1,46 euro

Risk LV woman 9,25 euro

Worldvision sponsorship 33,33 euro

SOVD contribution 6 euro

Accountants 25 euro

Sports club family 16 euro

Private KV w. Official 194 euro

Veterinary costs 16.67 euro

Maintenance / Repair House 84 euro

Magazines 5 euro

Train Ticket Child 1 40 euro

Train Ticket Child 2 40 euro

Train ticket woman 12.50 euro only temporarily, otherwise scooter.

Accident insurance man 11,70 euro

Accident insurance woman 11.25 euro

Accident insurance 2 children 12,50 euro

Existensschutz BU Child 1 17,90 euro

Total: 742 euro

Car costs:

ADAC contribution 95 euro

Scooter verse. + Maintenance 16,70 euro

2 motorcycles oil + maintenance 42 euro

2 motorcycles insurance 13,33 euro

Tax 2 x motorcycle 9,17 euro

Sprit scooter / motorcycle 41,67 euro

Car tax Auris 7 euro

Car tax Corolla 10,08 euro

Car tax motorcycles 8,33 euro

Fully comprehensive insurance Auris 88.33 euro

Car Telkasko Corolla 28.50 euro

Oil change 2 x car 11 euro

Fuel costs cars 200 euro

Repair + maintenance cars 83,33 euro

Total: 577 euro month

Total cost of everything: about 2,620 euro month

Where is the problem. If you spent 3800, you seem to have the money.

Of course it is important to put something back but if the money is there you do not have to save every cent.

With telephone + Internet you can find if necessary for 35 euro, the tax you can possibly do it yourself, mobile phone contracts are available from 10 euro a month, if the 30 are only for the kiddis would be the cheaper. If necessary, the fuel costs can be reduced slightly.

But that amounts to a maximum of 100 euro per month. If you do not really need the 100e, you really should not care if that does not cost you too much quality of life.

I definitely do not want to sacrifice quality of life. Therefore, I do not think that I can keep to my economic plan and will need an average of 400 euro more per month. But even so I would be better off than last year.

Have you been smart about a possible change of energy providers (gas, electricity)? A comparison can be made for free even via comparison portals on the Internet. I have saved compared to our original provider 1/3 (!).

How important are Netflix and Amazon Prime? Most films and series broadcast by the public broadcasters can be downloaded legally and for free from the media libraries. If you want more practicality, download and install MediaThekViw. This one has everything listed by all public law and does not need to jump back and forth between the individual meidatheken.

Thank you! I compare almost every year! I also saved a bit, because you get a bonus for new customers. I have taken this into account in the revenue.

I'm missing the savings rate in your listing. It belongs to the highest position; especially others. You do not pay all sorts of people and companies to yourself. Before you give your money to others, put at least 10 to 20 percent of your disposable income (net income) aside.

Most people save what's left at the end of the month. But there's usually nothing left. Often a lot of months are left, but the money is all.

What I see here is a consumption temple that wants to be paid and insured.

The biggest potential savings I see in the fleet and the associated many insurance. In addition, the insurance companies that serve the provision. Do you know what the biggest problem with preventing bad times is (insurance is nothing more than that)? That these times come only by providing for it. You also do everything mentally that these times will come. Even though they are not bad at all, they are classified as such.

Thanks for the hint. I only listed the issues. The savings contracts, Bauspar contracts, shares fund savings, reserves for the house and LV contributions I have purposely not listed because there are no expenses, but increase the assets. On average I save between 2,200 euro and 2,400 euro a month.

As in the company, salaries are expenses. This also applies to the salary, which the entrepreneur pays himself. Savings are personal salaries. But well, if you list those elsewhere, that's good.

LV contributions are insurance and have nothing to do with saving. I'm always amazed how widespread these dinosaurs are. They do not bring money, but they cost some. Freeing them up would be a way of saving money.

It is capital LV for saving. I know the return could be just 2%, but still better than investing in pure stocks whose performance may be negative. I have the LV paid out at the due date as severance pay. I treat different financial products. The mixture makes it!

I took part in a solar fund with a low five-digit amount over 7 years, which brought me 7 percent a year. 2018 even 8 percent. It will expire next year and I will get back the invested capital. But admittedly, the later launched funds of the same company (Wattner) bring less return. Currently 5 percent. Yes, I also dissipate.

I also bought solar bonds in 2011, of which 3 went bankrupt and I lost over 50,000 euro. That was the newly introduced SME market.

Therefore never again bonds. Exception: http://www.PCC.eu

) -:

https://www.umweltfinanz.de/gruene-geldanlagen/sunasset-8

Legally guaranteed feed-in tariff.---- my bond was allegedly also guaranteed and double hedged and still went bankrupt. I do not believe that anymore.

And why do you want to save even more?

I enjoy optimizing processes. It also includes optimizing my finances. Get out as much as possible without limiting myself too much. In addition, I want my assets to increase at least 2% per annum so that they will be preserved in real terms. I've done that in the last 8 years and I want to continue that. Everyone should set goals. If they are fulfilled, it is good, if not, then try again next year. I realize that I will never need the money myself, because I have enough income. There's enough left over for my daughters, which I would like to transfer to them during my lifetime. The last shirt has no pockets and I would like to have some influence with what they do with it.

OK, your children will surely do a proper education and later make their own money.

With a "surplus" of 2000 euro a month, that is well over 2%.

Keeping an overview is good, but I now live with my children and I do not want to restrict myself unnecessarily. At 700 euro, I already have the feeling that you think carefully, for which each € is spent. That is certainly not necessary with this income.

With a "surplus" of 2000 euro a month, that is well over 2%.

Have looked again and it is actually just under 3%, because I do not take into account the added value of real estate and the same for years, even though they are already good 20% more value.

But then you have to earn 100,000 euro a month, if you want to put back 2% (added value). Or do I understand something wrong?

2,000 euro * 12 = 24,000 euro increase in one year. On average I have been able to save my 28,000 euro / year in recent years because my income exceeds my expenses. 28,000 euro are about 3% of my total assets.

Since I really do not understand why you want to save even more. Treat your children a little more.

I'm a banker and always want to optimize everything. My provision seems exaggerated, but I enjoy it. Have already transferred part of my fortune to the 18 years of my children's birth to the children. Resin 4 can't get it anymore!

I'm also a banker, but I also know that I want to live. My children also want to live and not say in their old age: "Oh, I would have…". With you it seems already to limit avarice.

My children are happy that we do not turn over every penny and do a lot of things together (or alone).

What has to do with stinginess, if I think that we spend too much and want to save even more?

My children are not forgotten. They get both over 100,000 euro transferred with their 18th year and I hope that they make sense and also sparing as I'm used to it. Since my first daughter, who is about to turn 19 and has not spent a cent on the 100,000 euro so far, is as economical as I'm, I think I made the right decision. After all, they will not get as much pension as me and they can also use a start-up capital for a property very well.

In your place, I would not jump to conclusions without knowing people properly.

700 euro to live a month is very little. This is under Hartz4.

Also says the statement: My wife is doing the household… Have you completed a risk-LV extra…

That sounds like after that, without a wife I have to spend additional money.

It is so. If I ever lose my wife, which I do not hope, I have to be able to afford a cleaning lady, because I can't do everything alone. After all, I have about 155sqm to clean and 3 bathrooms. You can quickly reach your limits when the children take off their clothes. Since I feel comfortable here I will die here someday.

Your wife is also getting older and can't (and does not want to) keep a big house in shape, doing laundry, cooking etc.

Since you already the establishment of a new cabinet brings to your limits, I can't imagine that there's a great support from you to expect.

Since I would already provide some support for your wife and not accumulate more money. It does not matter if your wife is dissatisfied or even breaks down.

Thanks for your advice! Believe me, I'll make sure my wife is not overburdened. Have you already offered a cleaning lady twice a week to come. But she does not tolerate strangers in our house. Maybe she'll change her mind. She is still 5 years younger than me and completely healthy compared to me.