(Closed) How much did you have in your savings right before you started TTC?

posted 8 years ago in TTC
Post # 47
2319 posts
Buzzing bee
  • Wedding: July 2011

It’s different for different ppl. We don’t have a very big nest. It’s just lose to 10K. That isn’t exactly going to cover 6 mths of anything for us. Maybe 3 but definitely not more than that.

BUTTTT… we are comfy TTCing now. It’s not like the baby is poppin’ out now. And in the interim the so-called ‘nest’ is building. Hey, if things take a nosedive and we are unsuccessful, then this is all vacay money and pay down mortgage. Win-win situation!

Post # 48
782 posts
Busy bee
  • Wedding: March 2015

We don’t have a ton saved.  Like 1 k? 

But I’m in Canada so all medical expenses will be covered and I will get 1 year of paid mat leave 🙂 We can easily live off FIs salary,  my mat leave will just be a bonus… I dont think I’ll be going back to work but if I do I’ll probably only go back 1 or 2 days a week. I am currently looking for a better paying job so my mat leave will be more (I get 55% of. My regular pay). We’re really not too worried. We’ll have to buy a few things but not much. Probably just a crib and some other furniture. Right now we’re just trying to find something new to rent so we’ll have more space for baby. 

Post # 49
660 posts
Busy bee
  • Wedding: April 2015

We want to be financially stable before we have a baby. For us it’s not about having heaps in the savings; we usually try to keep money aside just in case anyway. My dad was saying to my FH that babies aren’t really a financial burden, you only start to really feel the pull on the purse strings when they are ready for school, granted, we live in Australia where all medical expenses are taken care of. I would just like to finish my nursing course, get married, get our own place and work for a few months before having a baby – I’ll probably be 33 by then 🙁

Post # 50
1351 posts
Bumble bee
  • Wedding: March 2012

We have a nice amount in savings, and are just starting ttc this month. That’s because we are also saving for a house, rainy day, etc. The only medical expense we will have to pay is a one time $50 copay, one time $150 hospital admittance, and that keeps me covered whether we are there 3 days or 3 months in NICU (hopefully not), and all prenatal care until 24 months. So for us, we sprung for top of the line health insurance, and pay a higher premium b/c I knew I’d never want a 10K hospital bill in case we got sick, needed surgery, had a baby. 

Post # 51
732 posts
Busy bee
  • Wedding: July 2013

We have about 10K in savings now and will have about 12K in savings by the time baby comes. It isn’t all for baby, but a good chunk of it will be used for baby expenses. Luckily DH is the one with the high paying job, so my maternity leave isn’t going to use up any savings as long as there are no complications and I am only out for the 6 weeks. 

Post # 52
5669 posts
Bee Keeper
  • Wedding: August 2010

I think it depends a lot on your game plan. Will you be able to live off one salary? What are your medical expenses going to be? Do you need additional income for maternity leave? I always said at least 6 months but it never happened and my daughter is a 1yr and we are perfectly fine. We still have the same amount of savings as to when I left work, minus a few for house remodels that we chose to do. It’s all about what you feel comfortable with. Make sure to have some for an emergency especially if you own a home but everything else is extra. We had about 10k in savings which wouldn’t even cover 2 months for us and I wouldn’t regret having DD. 

Post # 53
1646 posts
Bumble bee
  • Wedding: October 2013 - Rustic mill, historical site

Savings?   HA!


Yea, we have no savings, we’re paying off the wedding right now, lol.     But we’re not in a financial crisis either, we make enough to live comfortable.   We  pay the mortgage, insurance, both cars, food, hydro, etc….    There’s not much left over, but that’s life.    We’re Canadian though, so we already have medicare and health insurance taken off our pay, we never see it go.    Adding a child to the mix really isn’t that bad.

Post # 54
681 posts
Busy bee
  • Wedding: March 2013

I do think its a goods idea to save money but I think in no way shapouter form does it maker you any more or any less of a parent.

our financial situation was much worse with my daughter without a dime in savings and I’ve given her wonderful times including activities, trips, great day care and she’s never needed for anything. I do want her to want and not get from time to time… I will not let my child be spoiled.

its always a good idea, parent or not, to have some savings, but it’s not close to the most important part of being a parent, finances mean nothing compared to the parents the child is given

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