- 4 years ago
- Wedding: February 2014
So the holidays are here and so is my baby fever. I’ve always wanted to be a mom, and seeing all my neices and nephews has only increased this urge. We’re getting married in less than 2 months (!) and we talk about having kids a lot. We just bought a house – in a school ranked in the top 1000 in the nation, have been together 4 years, have steady jobs, and we’ll be 27/28 when we get married. I believe we’re both mentally prepared and ready to have children. We have a little debt – finish paying off our car, credit card, and one school loan of mine. Those, if we pay off only the minimums (which we are NOT – we are paying at least double) will be done in 4/2016. Initially I was thinking to start trying around then, but I really do not want to wait that long. And, honestly, at that point we’ll probably need another car and we’ll probably always have a little bit of manageable debt. We could pay things off even sooner, but I like having some money liquid as a ‘just in case of emergencies’ fund.
Basically – do we wait and pay off everything, and I can just keep putting my baby fever at bay, or do you think we could make things work and live cheaply? I know the smartest thing is to wait until we have no debt.. but I’d like to hear everyone’s opinion. Please be kind!
*As a sidenote, my cousin has 2 kids and they are on one teaching salary and her advice was, “Babies can be as expensive as you let them be.” And she makes things work by cooking at home all the time, buying used, etc. She also is staying home to watch the kids. My biggest fear are day-care costs. If we wait until 2015 my parents are *planning* on retiring near where we live. I’d love to sync a baby up to them moving near us, and I know my mom and dad desperately WANT to watch our kids.