Budget plot and building with basement

OT:

We also got married and built in 2014. The wedding basically paid for itself except for the bride and groom's outfits.

It would have been nice ;). But that’s rather rare, unless the parents are paying for the wedding or the guests bring their own food :p.

I probably wouldn’t have done everything at once either, but that’s just how it is. The fact is: equity is available in the form of the land. The income is pretty good (if the wife’s income can be sustained as planned), so there should be hardly any obstacles to financing from the bank’s side. However, in addition to the not insignificant costs that come with 3 kids, one should also consider that financing the furniture depending on the investment sum can also add another 200 or 300 euros to the bill.

Does your wife want to work again after parental leave or after maternity leave (8 weeks after the birth)? How long does she want to take parental leave per child? Example: Your first child is born in January. Then 12 months of parental leave - from February of the next year your wife wants to work again - in that case you would have no chance of getting a daycare spot with us - so the earliest possible return to work would be after 19 months (September). Then you get 70% of 1900 parental allowance for the second child. Depending on the interval between the children, the gap months until daycare count as well -> so perhaps only 50% of 1900 parental allowance,.... In short: calculating with 3 kids and including the wife’s salary will hardly be possible, as it is very uncertain. Adjust your rate so that you could cover it alone.

In short: It will hardly be possible to include the salary of the wife with 3 children, as it is very uncertain. Base your installment on the assumption that you could cover it alone.

Then in my opinion, the plan would not be feasible.
The safest option would certainly be to wait until the family planning is completed. But as the OP already wrote, the plot must be built on by the end of 2016. So that is not possible either. In the end, he has to factor in the scenario as you ( ) described above, and if no daycare spot is immediately available, reserves must be planned and saved up in advance. Or grandparents or other "child carers" must be available for emergencies. But maybe this is not such a problem in the OP’s area and daycare spots are generally available quickly (as is fortunately the case with us :). Maybe in an emergency it is also conceivable that the OP stays at home for a while and the wife, who earns more, works. Or, or, or....
Be that as it may, the most important prerequisite is always to plan realistically, then the house will work out.

Well, there are a few tricks to slightly delay the time that counts for parental allowance. For example, you can have the 12 EG months paid out over 14 months (e.g., you then don’t receive EG in the 8th and 10th month). For the calculation of the EG, full salary months are always used, and the months in which maternity pay and EG were received are not taken into account. However, EG is granted exactly on the birthday (so if the child was born on 20.1., EG is given on 20.1. and then on 20.2., etc.). That means the two months in between, for which you then do not receive EG, are not full months in which you had no income. And then there is also a sibling bonus for siblings under 3 (?) years old. I don’t know if I have explained this clearly, but for the second child I received almost as much EG as for the first – with an age difference of 18 months. --> that just as a note for the OP – this might be of interest ;-)

The thing with the full salary months is correct, but I think the part about the 14 months is not correct. Sure, you can have the parental allowance paid out as you described, but in my opinion, only the 12 months of the "regular parental allowance" are deducted when calculating the parental allowance for the second child. Because even if you have the parental allowance paid out over 24 months, months 13 - 24 are calculated at €0. But this now only has something remotely to do with the original question. I think and hope that the original poster is or has been dealing with this in the case of 3 planned children.

OT:

It would have been nice ;). But it’s rather rare, unless the parents are paying for the wedding or the guests bring their own food :p.

We paid for our wedding ourselves dutifully. So that there wouldn’t be any trouble afterward.

But what’s the point of the discussion.

Once the property is bought and the wedding is planned, you’ve almost missed the point of no return anyway. So you have to see how you manage.

What I just don’t understand is if the woman earns significantly more, why she then reduces her work. One might even consider staying at home as the man or working 3/4 time.