Post # 46
Member
1154 posts
Bumble bee
We’re starting soon (2 more months!) and currently our situation is:
Combined 190k (ish) income
Own home, mortgage with approx 350k left
Debt: student loans 43k, car loan 19k, never keep a balance on any of our credit cards
retirement contributions approx 10% of pre tax income
misc savings of $18k or so and currently adding to it to cover lost wages during maternity leave/medical costs related to pregnancy and birth.
Post # 47
Member
266 posts
Helper bee
Can I just say, I love how frank and open this discussion is? Really appreciated.
We’re in a housing market where the average home price is $500k-ish
Combined income of about $110k
Own home, mortgage $185k left
Debt: line of credit $25k, car loan $5k
Retirement savings: $26k (and growing, monthly pension matching)
Misc: Workplace top-up to 100% of wages during the first 6 months of mat leave will help with the financial strain of the second half of my leave, as I’m the higher earner
Post # 48
Member
2490 posts
Buzzing bee
We don’t plan on TTC until next year, but we make average wages for our area (under 6 figures) and besides our mortgage payment, we have no debts (no car payments, no school loans, credit cards we always pay in full every month). I’m hoping to save up at least and additional 10k specifically for baby before TTC, if not more. We just bought our house last year, and we put down 20% which was a big chunk, and with all the house projects, I haven’t been saving like I used to.
Post # 49
Member
384 posts
Helper bee
Combined income $200k, own home outright no mortgage and have around $1m investments and savings. HCOL area.
Post # 50
Member
141 posts
Blushing bee
We rent a home (houses in our area are between $1.5-2m 
We make just over 100k a year and we have a baby. We own our car, but have debt (student and line of credit) Its tight but people make it work with less than we make so its always possible.
Post # 51
Member
950 posts
Busy bee
Very high six figure income, no debt, no mortgage, and several investment properties. 35/37 years old…
Post # 52
Member
508 posts
Busy bee
Financial stability was a huge focus for us prior to TTC. We had the following:
-6 months expenses in emergency savings account
-401k contributions being made
-eliminated $40k in student loans
-combined income of $150k
-own home
We are very fortunate to be in our current position. However, we both prioritized and sacrificed to get to this point. We both grew up in low incomes families who had lots of debt and children at young ages. We didn’t want that personally. So despite being together for 14 years, we waited until we were ready financially to TTC.
Post # 53
Member
2167 posts
Buzzing bee
Ha.
We bought our home, so we have a mortgage. We don’t have much in savings. We had our daughter last August and we do fine every month but we could do better. We just made foolish decisions as young 20 somethings. Things will improve as time goes on for us and our debts go away.
I’m pregnant with baby #2 🙂 we’re doing the best we can. We do have retirement funds and money invested so I’m not really that concerned. We make a decent wage between the two of us.
Post # 54
Member
1906 posts
Buzzing bee
We own a home, both work, have a TON of student loan debt, 1 car payment, a few bills from home reno’s and now a loan on IVF (which that isn’t cheap). We live comfortable. Honestly there will never be a good time to start. You justhave to jump in.