Post # 1
Me and my husband have been going back and forth between let’s TTC and coming up with a reason that could prove to be a problem. Here is where we are at.
We have been living together for 5 years. married for 5 months. We are thinking of starting to TTC in march (so almost a year after we got married)
We have no debt aside from the mortage on our first house. Cars paid off everything. We both have steady jobs with benifits that cover all of our expenses, trips, extra fun with about 1,000-1,500 left over every month.
We have 15,000 in the savings account right now as cash. And 30,000 in the stockmarket that can be liquidated at anytime and has been only going up.
I want to be a stay at home mom for at least 2 years….. My husbands income covers all bills except food and gas. We figured we could liquidate the money in the stockmarket to suppliment until I went back to work two years later…And the 15,000 can be our emergency fund.
We want to take one more trip before we TTC.
Also, I have fertility issues. I have about a 50% chance of concieving.. Might take awhile or not happen at all.. We are both emotionally ready but sometimes I just freak out about finances! The last thing I want to do is worry about money! I am scared to death that we are going to be stressed out about life instead of just our baby. Am I just freaking out or is this a voice I should listen to???
Post # 3
Oh, also, I live in the bay are in CA so living expenses are higher than most areas.
Post # 4
I wonder how old you are. The reason is, that the longer you wait, the harder it can be potentially to be able to get pregnnt on your own. Seeing as how you already may have difficulties, this is something to think hard about. Needing fertiliy treatments can be very very expensive. It may be better to start trying in March, and try to figure out your finances now, even if it mens working part time, to make up for food and gas, if you don’t want o liquidate your entire stocks.
Post # 5
Im 26 and I do think about that. With the fertility odds stacked against me. But then I feel like I also need to be prepared for it if it happens right away.
Post # 6
You say your biggest worry is financial. Have you considered how many children you want? If just one, I think waiting a bit longer is not so bad but if you want several and you plan to SAH for 2 years with each, you should also consider the possibility that you may not be able to get back into the work forces as easily and quickly as you anticipate (between kids or after). I think you also have to seriously consider what you are willing to give up in order to be a Stay-At-Home Mom. Is liquidating your stocks which are seemingly a good investment a smart long term decision? We have about the same amount invested in stock and I see that as the last place we would look to for cash. The actual cash in your account is prob. making less interest than inflation so you may want to reconsider where you put your emergency fund and where your living money comes from. Could you just reduce some “trips and extra fun” in order to divert that money to baby expenses and preserve your investments and savings? From my personal perspective, waiting a year or 2 more (and enjoying child free life) is not so bad.
Post # 7
You sound like you are in a great place financially and that your DH is willing to work things out so that you can be a Stay-At-Home Mom. It sounds fantastic. I would go for it! At 26 yo are still young, but as you have known fertility issues I wouldn’t wait any longer.
Best of luck!!!!
Post # 8
You guys are in a great place, though I can see the hesitation with your plan to stay home. I heard a great piece of advice the other day: you are ready when you are 85% there. Sounds like you are ready!
I would wait to quit your job obviously until you get pregnant or go out on maternity.
Post # 9
As someone else with potential fertility issues, we have decided that once we are married, and are at a stage where we earn enough for shelter, healthcare, minimum student loan payments and to put food on the table, we will start TTC (this may take 6 months or so, due to immigration and work permits). This is about 5 years ahead of where we ideally would like to be financially and career wise (FI will be in grad. school. I’ll be trying to obtain a US teaching credential, which, if I’m unlucky, may involve more school, and then enter the Us teacher market, which isn’t pretty). It sounds like you are both at the food on table stage, so I would suggest going for it. As I am sure you are aware, fertility treatments can take years to work.
If you start now, it means you have the time to make a really good go of fertility treatments, and, if that doesn’t work, have time to consider other options (fostering, adoption etc). If you were to wait a few years, you may find that you are able to have less success with fertility teatments, and time is less on your side.
You know your situation better than I do though, you need to make the decision best for your family 🙂
Post # 10
My husband and I are stressed financially as well, but we just remind ourselves, our parents raised us with a lot less than we have now, so we know it can be done. We may have to make some sacrafices but we felt it was more a priority for us to be young parents then super well off parents….
Post # 11
i say go for it. life is short. if you want to have kids, you should start trying. everything financially will work out because it sounds like you’re responsible and have a general plan in place. i always say, if the girls on 16 and pregnant can do it, then you can do it 🙂
Post # 12
lol I totally have seen that show. I know we could make it work. We have very supportive family and aren’t down and out or anything. Just got back from the OBGYN today and am going on prenatels and off bc 🙂 we won’t start trying till march though. So we have another 6 months to save. It will all work out in the end I just really have freak out moments sometimes….
Post # 13
You say you have $1000-$1500 leftover each month, even after fun. Start putting that into a baby fund immediately. Then even if you start trying in March and get pregnant right away, by the time the baby is born, you will have $15000-$22500 in just your baby fund without having to liquidate your investments or touch your emergency fund. If your husband’s salary covers all bills except food and gas, if you can keep your food and gas expenses to $625-$930/month (depending on how much you’ve saved), which you should be able to, you’ll probably be just fine financially. I say go ahead and start trying in March.
Post # 14
@ppplll6: Try living off of one income until TTC… Even though you kow it may take longer TTC I wouldn’t freak out because that gives you extra time to save! I felt the same way I wanted to have a certain amount of money in the bank b4 TTC. I am about half way there and we are TTC. So I look at like each month that I am not pregnant gives me ans extra month to save. Hope this helps