(Closed) How much money do you have in the bank before TTC?

posted 7 years ago in Money
Post # 3
1344 posts
Bumble bee
  • Wedding: October 2013 - Vine Street Church

We want at least $10,000 in savings before any child is born. We’re at $4500 now and will start TTC in April, so we have plenty of time to get to that amount and more.

Post # 4
9129 posts
Buzzing Beekeeper
  • Wedding: November 2013 - St. Augustine Beach, FL

I would like at least 3 months of our monthly income.  I qualify for 75% disability payments while on maternity leave but I want the extra cushion for just in case I get put on bedrest or the baby needs additional special care.

Post # 5
7309 posts
Busy Beekeeper
  • Wedding: October 2011 - Bed & Breakfast

6 month emergency fund + $20k for the cost of dealing with infertility issues (clearly not everyone needs this, but we do). This is totally seperate from our retirement funds and Teen LK’s college funds.

We’ve seen how things can go wrong. A friend of our was put on total bed rest at 4.5 months, meaning she couldn’t work for the remainder of her pregnancy plus her regular maternity leave. She was out of work for 6 months total. That’s a lot of money to lose. Another friend delivered 5 weeks early and her LO spent 2 weeks in the NICU, meaning huge bills even with insurance coverage. There are no guarantees, so we are of the “be financially prepared for anything” mindset.

Post # 6
9524 posts
Buzzing Beekeeper
  • Wedding: October 2013

there is never going to be the right time or enough money.  we started trying during the honeymoon.

i’m not crying poor, i have enough to be comfortable.  i don’t know if i could put a $ amount on what you should have.


Post # 7
12244 posts
Sugar Beekeeper
  • Wedding: May 2013

We had enough for the downpayment on a house, and a budget that only took DH’s income into account (I stopped working when I got our BFP), where we were still able to save X amount a year.

Post # 8
3051 posts
Sugar bee
  • Wedding: February 2015

I highly doubt we’re gonna have kids but I think something along the lines of 6 months of expenses, plus the ability to live perfectly fine on just one income and maybe like 10k to start off a college fund.

Mainly job security and a 6 month emergency fund. Oh and no debt consumer debt

Post # 9
5658 posts
Bee Keeper
  • Wedding: August 2012

Eh, we plan to have MINIMUM 10k by the time the baby is here, more if possible. I’m not concerned about affording a baby in the day to da (ok that’s a lie but I haven’t saved up for that), but affording to stay on maternity leave as long as I want to. I only get the standard 6 weeks of disbability plus whatever PTO I have saved, the rest is unpaid. 

Post # 10
652 posts
Busy bee
  • Wedding: May 2014

We have never had the “recommended amount of savings” for anything. We have high expenses in an expensive city. I’d like to wait to have children until we own a house or have a good downpayment in the bank, plus a little savings. “Little” is different for everyone, but for me, it’s a couple months expenses. It will also depend on what our insurance/benefits are when we start thinking about it. Right now, insurance is ok, but I have almost no time off, so it would be a pretty bad time to start a family. We also live in a loft studio, and moving is not realistic.

We will probably start trying for a family when the time is right emotionally, and when we feel stable. I can safely say, unless we win the lottery, we will not have six months in the bank, plus own our home, etc. We just don’t live that way, even though it would be amazing. For us, six months expenses would be about 30k.

Post # 11
2836 posts
Sugar bee
  • Wedding: November 2013

@asb983:  My son was a surprise- and I had a couple grand in the bank.  Not much, and I had JUST left my job.

Insurance took care of the medical costs- and my son was in the NICU for a month after he was born.

His dad was an alcoholic- and had a tendency to spend money while he drank 🙁  Let me just put it this way:  My son has always had the best.  We had all the baby gear, very nice strollers (Chicco and Aprica), Britax convertible seat…..and no, we didn’t get a bunch of hand me downs and people didn’t give us $$.  

I think it’s a comfortable thing to have a bunch of extra money in the bank- it’s smart, and it definitely can’t hurt.

All I am trying to say is, you make it work.  Think about you need, what you’d like to have– and learn where to draw the line.  It’s hard for a first time mom to NOT want to buy all the gadgets/gimmicks/extras they make for babies these days.  Some of them are AWESOME.  Most of them are semi-ridiculous.

Ask yourself if you need a Bugaboo stroller, or if another one will do- those are things that cost the most.  



Post # 12
4027 posts
Honey bee

We are not TTCing for 5-7 years, but our plan is to have about $15,000 for an emergency account and then an additional $5,000 for expected baby expenses right off the bat. We will also try to lower our expenses so they can be covered by one income, though we will likely both work or my DH will go down to part time.

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