Post # 1
Does anyone else worry a little that they will never be able to afford a child? I am still on the younger side so I know I have a couple of years to figure it out before my clock starts ticking, but I wonder how we will ever get there.
We do okay for the two of us, but we certainly couldn’t afford to support another person. And I don’t want to have a child if I have to put them in daycare (personal preference) so if we can’t afford a child on both salaries, how could we afford a child on one?
One of my good friends just had a baby and she is absolutely beautiful and the mother is doing great! I’m going back in to see them after work!
But this all just got me started thinking. I say I don’t want a baby anytime soon, but the trust is I know I can’t afford to so I don’t want to get that idea in my head.
And if any bees are pregnant or moms themselves, do you mind sharing how you budgeted to get to the point you are at?
Post # 3
I have no help= but I feel like this ALL.THE.TIME.
Post # 4
@Helstrong- I want to be a mom more than anything and seeing my friend and her baby that she now gets to stay home with, I just wonder how I will ever do it. My FI is following his dreams and starting his own company but he makes 1/2 of what I do, so I guess only time will tell.
Post # 5
Seriously; you do have to consider if you can swing it or not; but at the same time….. like anything… if you wait until the time is RIGHT and IDEAL your going to be waiting forever. Honestly; there will always be expenses that come up. You will never be totally ready; you just have to decide how your going to make it work & just do it.
Post # 6
YES! Seriously. I’m 25 and I find myself side-eyeing my cat when the rent is due because she’s an extra $50/month! I can’t imagine supporting a child from infancy to 18 (in theory–it could be even longer than that).
I just have no idea how to be an adult yet and I’m starting to think it’s never gonna happen. Excuses of “I just didn’t know” were cute five years ago…now not so much.
Post # 7
@Edina… side-eyeing the cat… LOL
even though i feel the same way you do about never being able to afford it, i think seriously, there is no “perfect” time.
Post # 8
My husband worries about this ALL THE TIME. To the point that I wonder if he will ever be able to be “ready” to have kids. I just keep telling him that at some point we just have to take the leap and go for it and know that it will work out one way or the other, but it still worries him. But I am worried that if we wait until we are “ready” we will never have kids. 🙁
Post # 9
I am not a mother and I wont be for a couple of years. But I don’t think that you are every 100% ready for a baby! There are always going to be financial situations that come up you don’t expect! I think you just have to save and try to prepare as much as you can! I would love to be a stay at home mom..both my FI and I have pretty good jobs, but I know its not practical for me to stay home! There is just no way. And I think a lot of families are facing this prob now since times are tough.
Post # 10
@DemoDreamer- I know your right and that if I wait until the perfect time to have a baby it will never happen, but right now I’m doing magic tricks to pay our bills LOL
@Edina- I have 2 dogs who are working dogs and if only they could get a job hehe
Post # 11
I worry about this ALL the time – the perfect time for me to have kids career wise would be right after we get married, during my PhD! But can we afford a baby on one salary and one graduate student stipend!
It keeps me up at night thinking about it!
Post # 12
There will always be a good reason or concern to delay having children… But the truth is, when you IN the situation, you get creative and find solutions. I never, ever met anyone who regretted having children because it made it harder, financially…
When my parents had me, it was a complete surprise because my mom was supposedly not fertile… Anyway she stopped working to raise me until I started school and once all the expenses were paid, they had a combined 10$/week to spend “for fun”. But they managed to do it, and they raised me well and sent me to a private school and we never missed anything…
There are plenty of good resources to cut costs and save money, it’s possible.
Post # 13
I worry about this whenever I think about kids. I know there is never an ideal time (unless you win the lotto!) to have kids, but honestly (no offense to anyone intended) I don’t understand how people “just have” kids. The financial thoughts are terrifying to me, and we have quite decent incomes.
FH wants to start a college fund now for our future child, which frankly, isn’t a half bad idea. :-
Post # 14
Sometimes I have this worry. My DH has even said “My mom raised 2 kids on $7/hour job, we are good!” Well what he doesn’t understand is that a.) she had no mortgage as the divorce paid off her house, b.) she was being financially supported by her father and c.) they had no health insurance. So no, she did not raise you just on $7/hour.
We are fortunate that we both have jobs and while we don’t live the high life, we don’t have it that horribly.
Post # 15
I can let you know from experience. If you wait until you think you can afford it, you will never have kids. I have three grown children and they are my life. Kids are very expensive to raise, but where there is a will there is a way, and even if you think you can’t afford it, you will find a way to make ends meet. I do suggest though to make sure you can pay your bills on just one income, so one of you can stay home with the baby, especially until they become of school age. I was lucky to be able to do that for the most part. Times were tough, but we made it. We did have to make sacrifices, but it was totally worth it. I don’t recommend putting your child in daycare, unless it is a playgroup for mommy/daddy and baby. Daycare expenses are usually more money than the person with the second income makes. Also, you have someone else raising your child. I refused to let that happen, so I made it work for us. We didn’t have a lot of material items, but the kids were well taken care of and always had a roof over their heads and food in their tummies. Times are tough, but if you can cut the extras for yourselves out of your budget, you can make it work.
Post # 16
I worry about this issue also, especially in regards to being able to afford a house, and I think it’s important to raise kids in a house not a condo which we have now. WE have no outside play space at all, not even a neighborhood tot lot. However, it’s coming down to now or never as I am 36, soon to be 37.