Post # 1
You do not need to give a specific number (although helpful), but we will be TTC in about 3 months and I was curious if any of you had a specific savings for baby, or how much you had in savings in general…or did you just wing it? I’m overly organized and prepared but can’t afford to have thousands and thousands in savings, just looking into what others situations were and how they turned out 🙂
Please do not say we can not afford a baby bc we do not have thousands set aside right this moment, we are hoping to get there eventually! Thanks ladies.
Post # 3
I would say to go to Walmart, Babies R’ Us, Target, etc and start writing down how much everything is such as a crib, accessories, breast pumps, etc. Then from there you can determine about how much you would want to save 🙂
Post # 4
We want to have a year’s salary in emergency savings before TTC. That’s our comfort level in general for savings (outside of retirement, of course). We have that right now, but will be putting it towards buying a home, then rebuild the savings, then TTC.
Post # 5
We have about 25,000 in savings, but in Aus you also get a $5000 bonus when you give birth.
We are planning on TTC in the next year.
I also have amazing maternity leave as I work for government, and will have about 6 mths paid time off.
I love Australia for these reasons- we have it pretty good with this stuff.
Post # 6
We have about $20k left after the wedding but want to pay the house off over the next year or two before TTC.
Post # 7
@MrsOliveBird: You get $5k when you give birth!!?!? I think I need to move to Austrailia!
Post # 8
@ttn133: Yes, and if you have twins you get 10,000 and triplets 15,000…. we have a very generous social security system here.
Post # 9
I had my babies quite a awhile ago, but my first husband and I didn’t have anything in saving when we started having babies. He was in the military though, so most of the medical was covered. We just had to come up with the essentials and I breast fed, so we didn’t have to purchase formula.
Post # 10
A few years ago my husband came up with the number of 10k for every year I was going to stay home from work. This is totally not going to happen. We never saved before I was pregnant. We started saving in January and we have about $4,500 saved. (We have spent about $500 of this so far on baby stuff though…like crib, etc..)
We will probably have about 5k in savings when baby arrives. I wish we had more but it really is true what they say “You will never feel ready for a baby and you will never feel like you have enough money” 🙂 But some how people find a way to make it work. I’m trying to just have faith.
I am planning to stay home for awhile and we don’t really make a lot of money. My husband is self-employed and so am I. We have to pay outta pocket for insurance. ($$$$!!!) Things will be tight but we will just have to figure things out as we go.
I think it’s good to save as much as you can…but when it comes down to it, you will find a way to make it work
Post # 11
we have 10k in savings for the baby – the only reason we have that much is because we bought a home last year and held onto more than half of the 8k tax refund. aside from the supplies you’ll need for the baby, the biggest expenses will be childcare and health insurance and since those are ongoing expenses we chose based on what we can afford month to month aside from our savings.
Post # 12
We had nothing in savings when we got pregnant, since it was a surprise. We started trying to save when we found out, we are kinda in a tough situation living/working right now, but you should know that it’s nice to have some money in savings, but like my mom told me “You love (the baby) and that’s all that really matters.” The other stuff you can work out!
Post # 13
We had a surprise baby, so my answer is nothing! And guess what, we made it work 🙂
Post # 14
We are trying to save 6 months of my salary since I’m the primary breadwinner at the moment and plan to cut back to 75% time working after I have a baby. This would be for “unexpected costs” and to cover my salary cut. Trying to also save separate $ for pre-baby stuff – like furniture etc.
We have about 3 months of my salary saved. Not pregnant yet, but we should be able to meet that goal within the next 6 months. I get 2 months paid leave plus can take an additional 4 months off (for a total of 6 months). I would definitely take some unpaid leave, but how much unpaid leave will depend on how much *more* than the 6 months salary saved.
Post # 15
we bought a house when i was 8 months preggo, so there went all of our money. we have a good support system though. if anything happens my parents will help us out.
Post # 16
I got pregnant at 18 while I was half way through my senior year of high school. I had no money saved because we never planned to have a baby… My son has always had everything he needs and more. If I could do it being a single mommy I think anyone can do it =D money saved or not.