(Closed) waiting to buy a house while having Baby Fever

posted 5 years ago in TTC
Post # 3
Member
2622 posts
Sugar bee
  • Wedding: November 1999

I am also from the East coast and live in CA. (about to move to FL though) so I kind of know what you mean. Although I find its ont an east vs west thing vs a friends from home vs friends from college thing when it comes to how early people are reaching different milestones in their life.

 

 

 

But, for where you are I think you are right to focus on saving as much as you can and moving as fast as you can.  There is no right equation for the amount of money you need to have a baby, but having enough for emergencies/extras is always a great idea.

 

I am almost 10 weeks and we are buying a house within the next month when we move.   We have enough for a 10%, closing costs and a large cash cushion.  We are buying a house that we can afford on just his salary.

 

I do plan to work, but since I am pregnant now and moving I may not be able to keep my job and work remotely. This means I will be unemployed for a period of time. We didnt want to have to live of savings during this time. Plus, it means that when I do work I have more flexibility in finding a job and anything I make is savings/vacation/non-essential money.  

 

You may want to consider looking at houses that are less expensive than you initially wanted so that you have some flexibility as well.

 

Post # 4
Member
7651 posts
Bumble Beekeeper
  • Wedding: July 2012

We wanted a house before TTC, and we have done that. We also budgeted for a dog, and with all that accounted for we are able to save somewhere around $500-700 every two weeks. We make about $70K combined like you guys do.

It would personally stress me out to want to buy and do so much at once like you guys. I would first save enough for a house and get that so you can gauge how much you will have left over before TTC and get a dog. A lot of money, we have already realised, gets pumped into a new house for home repairs. Are you making that a separate fund or is that part of the emergency fund? If it is part of the emergency fund, I suggest upping how much to save for that becuase you also have to include visits to the Dr. for yourself and your husband AND vet checks for the dog.

I’m not trying to put a damper on your thoughts or anything. Just trying to help you think of things you might have missed.

By the time we are ready to TTC, which should be later this fall, we will have saved up somewhere around 8-10K.

Hope I helped in some way. Good luck. Doing everything step by step is a lot of fun. Getting married, then house, then dog, then baby. Or at least that is our plan, and it is fun to work towards the next life event 🙂

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