Would you feel comfortable TTC given these circumstances?

posted 3 years ago in TTC
  • poll: Would would you do?
    Wait- pay off debt, save more, buy a house : (45 votes)
    24 %
    Start now! You're not getting any younger and your situation is fine : (142 votes)
    76 %
  • Post # 3
    Member
    42460 posts
    Honey Beekeeper
    • Wedding: November 1999

    @MissGeeBee:  I suggest that you need a much larger savings account before you start planning a pregnancy.

    It is suggested that you have six months worth of basic expenses in an emergency fund at all times. $5000wouldn’t go very far if one of you lost your job.

     

    Post # 4
    Member
    9529 posts
    Buzzing Beekeeper
    • Wedding: August 2013

    I wouldn’t mind the loan and renting, but I’d want savings of at least 3 months living expenses (really, for me, more like 6-9 months). Bascically, I’d want to be sure we’d all be okay if your or your husband lost your job. So I guess that depends on your monthly expenses.

    Post # 5
    Member
    1838 posts
    Buzzing bee
    • Wedding: May 2013

    nope not with 5k savings.

    Post # 6
    Member
    9529 posts
    Buzzing Beekeeper
    • Wedding: August 2013

    @julies1949:  You said it as I was typing!

    Post # 7
    Member
    1248 posts
    Bumble bee
    • Wedding: April 2014

    @MissGeeBee:  I’d definitely want more in savings than that. But if you are on a combined income of 200k then unless your living expenses are like those of the Kardashians it shouldn’t take too long to save up more :-). We earn maybe 150k combined and can save quite a bit each month (and it’s not cheap to live in Australia these days) plus pay a mortgage etc.

    Post # 8
    Member
    7929 posts
    Bumble Beekeeper
    • Wedding: March 2012 - Pelican Grand Beach Resort

    That’s an incredible income. I’d start TTC now and also start building your savings, but geez, we have no savings and our combined income was 1/5 of that with no insurance when we got pregnant (not on purpose) and everything has worked out just fine.

    Post # 9
    Member
    9412 posts
    Buzzing Beekeeper

    @MissGeeBee:  I live in Canada and health care isn’t free. We pay a lot of taxes, which makes it far from free. Aside from that, I agree with PPs that your savings isn’t enough of a cushion for me. Your husband makes the bulk of the income and you couldn’t live off savings for very long if he stopped working for whatever reason. 

    Lots of people have kids with way less though so it depends what quality of life you want to have and provide to your children. 

    Post # 10
    Member
    13003 posts
    Honey Beekeeper
    • Wedding: June 2011

    Depends on your living expenses and how much you can save each month.  Can you live off husbands salary?  And what the debt is for.  Is it high interest credit cards?  Or school?  Credit cards?  I’d pay it off first.  School?  Eh, not a big deal.  200k salary doesnt mean much if you’re still living paycheck to paycheck.  If that’s the case, I’d wait.  If you’re saving or able to pay down the debt quickly, then I’d just start.

    Post # 11
    Member
    7195 posts
    Busy Beekeeper
    • Wedding: November 1999

    @MissGeeBee:  200k combined, that says it all. We manage with 3 kids on less than your DH’s income. (Australian dollar is almost identical to Canada). You’re ready.

    Post # 12
    Member
    205 posts
    Helper bee
    • Wedding: June 2012

    If you TTC now and get pregnant right away, you still have 9 months to save. Good advice I’ve heard is to live off of only one income (or one income plus what you’d be getting for mat leave) for the duration of your pregnancy and sock away the savings from the other income. 

    Post # 13
    Member
    105 posts
    Blushing bee
    • Wedding: October 2013

    I would feel VERY comfortable getting pregnant with those circumstances. 

    Post # 14
    Member
    436 posts
    Helper bee
    • Wedding: September 2013

    a bigger emergency fund would be ideal, but you’re in pretty good shape overall, and you could postone for ages and still not be in the perfect situation.  Go for it.  Good luck!

    Post # 16
    Hostess
    7630 posts
    Bumble Beekeeper
    • Wedding: January 2013

    @MissGeeBee:  Congrats on paying down your debt! 

    I would wait until you have 6 months of living expenses in savings just in case someone lost their job. 

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