(Closed) We want a baby but ……

posted 5 years ago in Pregnancy
Post # 3
Member
246 posts
Helper bee
  • Wedding: July 2013

A baby is, at the very least, a $500,000 committment. If you aren’t in a position to make that, don’t. Your baby deserves the best you can offer, and from your post it sounds like you know that what you have isn’t it. Get your finances in order, get some money saved. Start living more frugally. Stop buying things you don’t need. It’ll add up faster than you think. But don’t, please don’t just leave it to chance.

Post # 5
Member
6207 posts
Bee Keeper
  • Wedding: August 2013 - The Liberty House

If you are worried about your motrgage payments after the baby comes, I definitely would scrap the big european vacation. There isn’t even any guarantee that you will get pregnant on the first try! This is why a lot of people save for years before feeling comfortable making the committment.

Post # 6
Member
6207 posts
Bee Keeper
  • Wedding: August 2013 - The Liberty House

@littleG:  The point is that you DON’T save for the bigger house/newer car. You start saving now for the baby and then, after you adjust to the associated increase in expenses, you can start thinking about saving for something else.

Post # 8
Member
1238 posts
Bumble bee
  • Wedding: August 2012

@littleG:  I’m not sure how things work in Australia, but why wouldn’t you get Govt assistance because you own your house? Here in Canada pretty much everyone gets a baby allowance, and qualifes for some Federally paid maternity leave. 

And babies are really only as expensive as you make them. If you want fancy nursery furniture, new baby clothes and toys, and use disposable diapers, then yes, it will be expensive. 

My friends and family get hand me downs, used stuff, breastfeed, and cloth diaper. I’ve been told it costs frugal couples and extra $100-200 month now with baby. 

Save as much as you can and look into your options for paid maternity assistance. The more you plan, the better, but follow your heart too!!

Post # 9
Member
5663 posts
Bee Keeper
  • Wedding: August 2012

@Peacockfeather:  500k in what kind of timeframe? It’s certainly not the day the baby is born. Is this over 18 years or??

I have these same concerns when I look at our salaries, and feel like we need to be making a bit more money before we have a baby. At the same time, so so many people just have a baby and they DO make it work. I agree with PP to make sure you know your finances, and then start saving. have a baby fund for emergencies and high costs etc. I know there are definitely estimates out there re: how much it costs day to day to support a baby. 

This one seems cool

http://www.babycenter.com/baby-cost-calculator 

Post # 10
Member
6207 posts
Bee Keeper
  • Wedding: August 2013 - The Liberty House

@littleG:  lol sorry for the harsh reality =/

Post # 12
Member
246 posts
Helper bee
  • Wedding: July 2013

@MsJ2theZ:  Over the 18 years (actually, most estimates these days point closer to $1milllion). The point I was trying to make, from a more practical financial standpoint, is that you don’t walk into a 500k mortgage or a huge line of credit or even a new car with the kind of desperate ‘but what if we NEVER get to’ kind of attitude… or at least all the responsible adults I know wouldn’t. 

Post # 14
Member
5655 posts
Bee Keeper
  • Wedding: April 2011

I would never let money stop me from starting a family….. not if I was making my bills anyways. We live on DH’s income and comparitively speaking it’s pretty measely to the other ladies here. We’ve cut out bills in every way we can and we are makin’ it.

Children are costly BUT they don’t “need” all the things many say they do.

I would take a really close look at your finances and see what some places ya’ll could make some cuts from, temporary or permanent and just weigh out what is more important to each of you.

It may be waiting and saving more or waiting until you DH’s income can sustain more OR it may be making the cuts and starting your family. Ultimately it is up to y’all.

Post # 16
Member
7796 posts
Bumble Beekeeper
  • Wedding: November 1999

In Australia, owning a house doesn’t affect baby bonus or family support payments. Your income does, But if you go onto less income because you’re looking after baby, then you they take that into account.  There’s also a child care rebate if you intend returning to work.

I suggest doing the overseas holiday, then try for baby, and it will all work out. Look arounmd you: lots of people are parents and manage! I agree with @mtnhoney:  , babies are expensive as you make them.

ETA: You don’t need to be on welfare to get family support payments; part of the payment depends on your income alone, so you get that it if you are a SAHM and your husband is working.

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