Post # 1
My husband and I were on board to TTC. I got my IUD removed this week and all of a sudden he seems to be getting cold feet. We are both almost 33. I have a history of ovarian cysts as well a very irregular period (sometimes only twice a year). He is now saying he feels like we should have more in savings before we TTC. He feels as though we should have at least $50,000 in our savings account before TTC. We are not too far away from that but realistically it will probably take around a year to get there due to other household repairs etc that come up. I’m worried that if we put it off too long that we aren’t going to be able to conceive the children that we would like. I’m all about being prepared but we have no debt besides our mortgage so I feel like we are prepared. Around how much did you have saved before TTC?
Edit: poll isn’t showing up
Post # 2
Enough to cover a few unpaid maternity leave weeks… So a few thousand. Weddingbee has a wealthier population, so your answers will be skewed here.
Post # 3
We have about $20K in savings.
Post # 4
- Wedding: September 2017 - Pearson Convention Centre
We have $70K in savings because we live off my husband’s income and my income has been solely for savings
Post # 5
SeaOfLove : i’m not sure about that… watch this…
“OP, Darling Husband and I have agreed not to TTC till we hit the $700k mark in our savings account and float our company we co-own with bill gates”…..
OP, I think it’s a good idea to try living off one income and go from there x
Post # 6
Hunnibee88 : I’m sorry, I didn’t know “wealthy” was exclusively a title for the top 1%. I guess I’ll excuse my dirt poor self out of this conversation? Living off of one income isn’t possible for much of the typical population. If we waited to reach that point, I would be nearing 40 before paying off student loans and being able to TTC. Having $50k in savings would be a dream.
Post # 7
SeaOfLove : oh. You didn’t realize my analogy was a joke….
Post # 8
Hunnibee88 : Sarcasm doesn’t translate well I’m text when you don’t know someone… Especially when you follow up with “try living off one income.”
Post # 9
SeaOfLove : but trying to live off one income is my advice so… just because some people can’t afford to do that doesn’t mean it’s bad advice. OP hasn’t said if that’s an option so..
Post # 10
We’re still slowly paying off our mortgage but we feel that we’ll be able to have one as long as I go back to work after pregnancy. We haven’t exactly factored in IVF should we need it, though…
Post # 11
camoandglitter : we had like 2k saved. But we weren’t TTC as much as we just found out we were pregnant. I was also on bedrest for 20-some-odd weeks of my pregnancy making only half of my regular salary by disability and we still managed to make it work without putting ourselves in debt.
In one year we got married, bought a house and had a baby. I think unless you’re strapped for cash every month or struggling to make ends meet you shouldn’t have to put off TTC. There’s never a perfect amount of money to have, just make sure you’re living within your means have a little cushion to fall on if the unexpected happens.
Post # 12
We plan on living off of my husband’s income once we have children. Money wise this will not be an problem, obviously we will not be saving as quickly at that point though. It is a good idea seprerate the two though, maybe it will take some of the stress off when he sees the one income is enough.
Post # 13
- Wedding: August 2018 - Location
We are starting TTC in a couple months. Honestly we don’t have much saved because we just got married and bought a house, but…
We live in Canada so no hospital bills and our work health insurance covers everything else 100% (vision, dental, prescriptions).
I get 12 months of paid mat leave.
We both have good jobs and will build our savings back up over the next year.
My husband is on track for a significant promotion so that could be bonus money.
Post # 14
- Wedding: April 2016 - Manhattan, NY
camoandglitter : Last year I saved up $3000 to cover what I thought would be an unpaid maternity leave. Then my state and employer got Paid Family Leave. We also have our own short-term disability policy. But we ran into issues and it’s looking like we’ll need IVF. Our infertility diagnosis threw me into a bout of depression and anxiety, so I put a lot of that money toward a vacation that we’re going on in May. I’m on track to save a bit over $4000 by the end of this year. Our insurance has infertility coverage but I’m hoping to have a better idea of any out-of-pocket costs after our consultation. My husband’s work situation is not ideal, which means that we are not able to save as much right now, but we also can’t wait forever if we want a shot at starting our family.
Post # 15
50k seems like overkill to me but obv I don’t know your situation. We felt comfortable TTC once we had enough money to cover our out of pocket max for health insurance (around $7k, sigh…and we did spend every cent of that on medical expenses over the course of my pregnancy/delivery/infant med bills) plus another few months salary saved on top of that. We also have a lot in our 401k’s so that’s always a last resort security blanket.