(Closed) Baby or house? Which would you do?

posted 4 years ago in TTC
Post # 61
Member
1041 posts
Bumble bee
  • Wedding: October 2011

We bought a house, paid off debt and are now pregnant 2 years after buying our house. I like to do things in phases to make my life as stress free as possible. Renting + lots of debt + baby expenses + feeling like crap is a recipe for disaster (for me personally).

Post # 62
Member
576 posts
Busy bee
  • Wedding: June 2014

My husband and I actually both owned homes before we got married,  and neither of us had any debt, so our situation wasn’t really typical. We are set up pretty well now, and could easily afford a baby, but I’m not ready yet. We want to travel, save up some more money, and I might be going back to school. I’m in no rush, I’m thinking we might wait until I’m 28 or 29 (I’m 24). Having children is life changing, and you can’t go back and change your mind, so I want to make sure I get some things crossed off my bucket list before we start. My Darling Husband feels ready now, but is happy to wait until I’m on the same page.

As far as TTC before owning a house, I wouldn’t do it. I bought as soon as I could because I wanted to start building equity. I also wouldn’t TTC with credit card debt. The more expenses you have the harder it is to get that debt paid off, and babies can be quite expensive. 

Post # 63
Member
3471 posts
Sugar bee
  • Wedding: July 2012 - The Gables Inn, Santa Rosa, CA

mrsdfarrar6714:  We had a pretty simple plan that worked well for us: 

1. graduate college – Dec 2010

2. buy house – Aug 2011

3. get married – Jul 2012

4. pay off insecured debts – Dec 2014

5. have baby – Due Jan 2016 

Going in this order has allowed us to be very comfortable with our choices and know that we made the right decisions when we made them.  Now, given the good choices we made in the past, working is optional for me, and if I decide to never go back to work we are ok with that financially.  

Post # 64
Member
676 posts
Busy bee
  • Wedding: June 2015

KatiePi:  +1

My ideal would have been to buy a house and then TTC, but sometimes life doesn’t work out that way. We just got married last month and I’m 34, Darling Husband is 40. We are renting in one of the most expensive cities in the world, and we just can’t afford to purchase in this city for the amout of space we would get. We do however have enough saved for a 10% down payment on a house outside the city, with a goal of saving up 20% in the next 2-3 years. In the meantime, considering we want 2 children (maybe 3), we are TTC now due to our age.

We know we want to leave the city, due to the cost of living here, but we probably won’t for another 2 years or so. We are still figuring out where we want our forever home to be. But I’m not putting our TTC plans on hold while we figure that out 🙂 We have some student loan debt which should be paid off in 1-2 years, but no other debt.

Like Jewelieee: we have enough in savings to cover 1-2 years of baby-related expenses.

Post # 65
Member
601 posts
Busy bee

I would never have a baby in an apartment. Just not something that I’m interested in. Buying a house is a goal that we will achieve before we have a kid (if we even decide to reproduce, which is still up in the air). I feel that once you have a kid, saving for a house takes a back seat to all of your child’s needs. If you want to own your own home, best time to do it is probably before you create another mouth to feed.

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