Want a baby but…

posted 2 years ago in Babies
Post # 2
Member
894 posts
Busy bee
  • Wedding: October 2013

That is tough, although it sounds like you two are definitely working to get yourselves stable and set up for kids 🙂

Do you have family nearby that could watch the baby? Or, I know you said you can’t be a SAHM, but have you calculated the amount of income you’d have left after daycare? Because, if you could work from home p/t and make up the difference that might work. Not sure if that makes sense; to break it down, if you make $100/year, and daycare is $60/year, then if you stayed home, you would only need to make $40 a year to be in the same place financially as you would if you worked f/t. Just a thought. 

Does your job offer flex time? I know some do. Also, if you’re breast feeding and either cloth diaper or really work to get good deals (google it; there’s a lot of info on how much to pay, where to bit, etc) That will cut costs. 

Last thought! It might be worth looking really hard at the budget too. Do you really need cable tv, or would netflix do? Could you cook food more and meal plan to stay on a budget? Stuff like that can really help. 

Honestly though, i have a lot of broke friends with kids and they definitely prayed and trusted that it would work (and it always has) but they’re also good at budgeting, having fun without spending money (homemade picnic instead of a restaurant, etc). So, I think it’s a combination if all the things you mentioned plus just knowing how much you want a baby And making it work with what you have. Hope that helps a little! 

Post # 3
Member
7664 posts
Bumble Beekeeper
  • Wedding: July 2013 - UK

The thing which will make or break you is the cost of childcare. Where I live, F/T childcare for one child is about £17,000 a year (roughly US $25,500 a year). Average full time wages before tax are roughly £24,000 a year. So if you work full time and paying full time childcare, you are just about breaking even. If you have twins, you simply  cannot afford to work unless you have a family member prepared to provide childcare for free.

Reserach childcare costs… at that point, you will know whether you can afford to keep working or not!

Post # 6
Member
7664 posts
Bumble Beekeeper
  • Wedding: July 2013 - UK

Faith123:  I have an even worse problem… I only earn about £12,000 a year. FT childcare is around £17,000. I’m hoping to get a better job in the Autumn, but even that is likely to pay less than £17,000 after tax. So then we are stuck… taking years out of work will mean that I have fewer prospects later on, but how will we afford for me to keep working?

I’m just hoping that my in-laws will be able to take my future children for 2 days a week so that I can at least try to work PT!

Post # 7
Member
8419 posts
Bumble Beekeeper
  • Wedding: April 2013

Faith123:  Are you and your husband both working PT jobs?  If so, would it be possible for you to work opposite schedules, then the person that isn’t working could take care of your child while the other one is away.  Unfortunately, living in an expensive area usually prohibits couples from having children until they are a bit older/more financially stable.  If you have friends with children maybe you could pool your resources together and get a nanny or babysitter to watch all the kids at a discounted rate. 

Post # 8
Member
876 posts
Busy bee
  • Wedding: February 2011

My son was completely unplanned. I was living in a friends garage when I found out I was pregnant and I was only working part time at Sonic. I was able to get medicaid to cover my medical expenses, I was on foodstamps, didn’t have a car, and my husband and I actually broke up before then. Things always work out if you set your mind to work them out. I got a better paying job working more hours, my husband worked in lawn care so he worked around my schedule so we didn’t need childcare. Right now, we have two kids. Our son is 4 and our daughter will be 2 in September and my husband works 6am-3:30pm Monday-Friday and I work 5pm-12am 3-5 days a week so we don’t have to pay for child care. We no longer qualify for foodstamps because of our income but still hardly have enough money to do anything. His checks pay bills and mine buys food, diapers, and gas. We are starting to put just $20 out of each of my checks back to save in case we need something or in case of emergency but that’s about all we can do. You just have to do what you can to make things work for your child(ren) no matter what.

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