Post # 1
I’m not even TTC yet but I heard a lot of my coworkers who are able to have a family with just one income. Unfortunately, I won’t be one of them.
My friends would probably look my job and my DH’s job and think that we should be able to pull off a one income family but we can’t. I have a lot in student loans and we don’t have a house yet.
Just wondering if anyone else is in this boat.
I am concerned with how I will manage having full time child care with both of us working full time. (Oh, and plus my family are all on the east coast so its just us so we wil need to have our child in all day childcare. ) I am the one who is the bread winner so I wouldn’t be able to go part time at this point. My DH might be able to if he gets his art career going but honestly I don’t see that happening anytime soon. We are thinking about TTC in about a year.
I wish I was able to have a family with one parent staying at home or working part time. *Sigh*
Post # 3
We will likely be in the same boat as you. We will probably start TTC right after we get married, and I don’t think we would be able to have one parent stay at home. I also have a ton of student loans. If it wasn’t for my loans, we could probably make it work, but I still don’t know if I would be okay with living off of one income. I’m accustomed to a certain way of living, and it would be hard for me to cut back on things. And unfortunately, like you, we don’t have family available here to take care of our children. We will just have to figure out a way to make it work.
Post # 4
there’s no question we are in the same boat. i love my job – and i make more than my hubby. we absolutely HAVE to have two incomes there’s not even a question.
hopefully my parents – once my dad retires IN 2 YEARS – will move down here (they’re 2.5 hours away) to be able to help out – but we want to TTC in june, right after the wedding – so yup we will have to find daycare.
this is something we just know. again there’s no question for us.
Post # 5
Whaaat. I can’t believe that many people can actually afford to be one-income families in this day and age. We definitely will be, not just because we hope to live in NYC and neither of us will be making enough for a family of 3-4 to live as we’d like to, but because we both find work meaningful and fulfilling and have goals we’d like to achieve within our own fields. Huh-uh. We will be with you too.
Post # 6
I think most families are actually in this position. It’s tough, because child care often costs close to one parent’s income! We are young so we plan to save as much as we can so that I can stay at home at least part time. This is also part of why we are planning to move close to family, so we can use them for childcare!
Post # 7
We will live off of two incomes after we have kids – if one of us had to stay home, it would be my FI (well he’ll be my husband then ). I have two more years of school in my doctorate program, but my income will be more than twice as much as his initially (he will be done with his bachelor’s degree). I have so many school loans (will be almost $200K by the time I graduate), that we both will have to work if we want a house, nice cars, kids, etc.
Post # 8
i wish! we will def be a two (actually, i have two jobs, so is that three?) income family!
Post # 9
There was never even a thought of us having a one income family. Neither of us would want to stay home more than a few months for maternity leave, anyway, and our careers are so important to both of us. Plus I also have student loans and we have plenty of animals to feed and keep healthy.
Post # 10
I know more two income families than one income family, if that makes you feel better (and I’m a mom!). I don’t think you should feel guilty about having to work, but TTC. Many, many, MANY kids are in daycare full-time.
My only advice would be to figure out how much maternity leave you can initally take off during the beginning. Can you save enough and would your job allow you to take a leave of absence (beyond the 12 weeks FMLA) so that you don’t have to have a newborn in day care full-time? Can you work from home any? What would your ideal time period to stay home be? Figure that out, and then try to work from there to get your plan.
For me, I was the primary breadwinner (still am). My job allowed me to take the full maternity leave (6 weeks) and then they allowed me to another 12 weeks that I got to split into 1/2 days, so I ended up only working for 4 hrs. a day for 24 weeks. It was nice because the baby slept most of the time I was gone, and my then H was able to be home with the baby, so we were able to delay putting her into daycare some.
So, don’t feel bad about both having to work, and just spend the time now trying to plan to make the transition of having a baby and going back to work as easy on you guys as you can.
Post # 11
I will be going back to work after kid #1, but we are working to be ABLE for me to stay @ home after kid #2 (should we be that lucky). We did not decide that that is what we would do, but it is a nice plan anyway, since we both work in high-tech. We don’t have a super fancy house, and we try to make our monthly bills only require one paycheck. So, we can easily afford our mortgage on just his paycheck and barely on just mine.
Sounds good in theory, but it’s not like 1/2 our $$ goes into savings. We just do remodels and trips with it, plus pay ahead on my student loans. Thank goodness he doesn’t have any!
Post # 12
We will be a two income family too! Fortunately I just finished paying all my student loans college AND beauty school which let me tell you wasn’t easy! We have no debt and even after the wedding we will still have some money in the bank. Lucky for us we get to live in his parent’s spare appartment rent free while we save up enough for a nice home. I also have to build up my credit since I ruined it when I was around 19 lol. I think I would get extremely bored at home all day and I REALLY need to make my own money, but I don’t know what will happen when baby comes because leaving him/her with a babysitter will break my heart so I might need to reconsider then..
Post # 13
We’ll be a two income family and that’s great…however (drum roll here) I plan on learning a new field soon (merging business and medicine) and will begin to make a move where I can have greater flexibility and still retain a good income.
That’s what is on the horizon for me (T is encouraging me on this) and I’m so happy!
Btw, in my past, I was a stay at home mom for 3 years after I had my son when I was married to my ex husband. Needless to say, the economy now shows that I need to have that job, plus when I think of the financial struggles I had after I divorced my ex having to re-enter my medical specialty after being away for a while, I won’t ever totally quit working. Now I will re-work my whole job very soon, but won’t ever quit working. In todays’ economy there’s little stability sadly, plus I want to always be able to be independent if I ever needed to be financially speaking.
Post # 14
We will able too. But definitely not comfortably, and not if we buy a house. Mortgage payments and then all the payments to provide for a child will def force me to work. If we were in the situation we are now renting… yes we could. But I sure has hell wouldnt like to be put in the situation at the moment, our house is so tiny 🙁
Post # 15
We will definitely be a two income family. I go back to work in September and will be working my usual 60+ hour weeks. (Sad, I know). Luckily, my partner will be working from home, so we can hire someone to watch the Lemon for part of each day while he works, and he can also work when I get home. That will mean less chlld care needs for us… So while not perfect, it’s better than it could be.
Post # 16
We’ll definitely be a two income family. Luckily in Canada we get one year paid mat leave, that my company bumps up to 90% of my salary and my fiance’s company bumps up to 93%. He makes more money in OT though, so I’ll probably be the one who takes the leave.
After that, we’ll probably look into a live-in nanny, because we both work shift work sometimes, so regular day care wouldn’t work. Some of our coworkers share nannies, which might work too, and then we don’t have to be the one who has the “stranger” in our house.