Financial situations

Is there anyone out there TTC despite their financial situation? Hubby and I are very ready to have a baby but may not be in the best financial state but I honestly dont see it improving in the near future. I am almost 28 and dont want to keep waiting. Am I alone on this? People always say that you'll never be financially ready for a baby..so should I just say screw it and just go for it? I am just so ready. Honest opinions welcomed. Thanks

Re: Financial situations

I look at it this way...

-DH and are in our low 30's, so we aren't getting any younger

-we own a home

-we both have steady and secure jobs

-we have family that if we ever needed anything they are there to help

So, no I don't think you can ever be fincially ready to have a baby but I think your life needs to be stable enough to have a baby.

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I know what you mean. People tell me that you never think you're financially ready - even when you have more, you'll wish you had more than THAT. As long as you can provide a stable home for your children and love them I think you'll be okay. Besides, money situations can always change... getting older and having a tougher time having babies, that doesn't change.

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we wanted to wait until we bought a house, which we just did. now our money is all gone and there is so much work to do! lol it makes me kinda want to wait but we've gotten a lot done already and there will probably always be an on-going to-do list so i figure now is just as good a time as any.

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We are in that boat. We are 30 and our financial situation is not great. We want more than one child and we don't know how long it will take us to get pregnant, so we decided to TTC now. We have a house so if we need to we would sell, but hopefully that won't happen.

I used to look at it that I want a house for my family to live in, now I look at it that if I have to choose one or the other, I would rather a family... This house is pretty empty with no babies.

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Thank you ladies for your honest advice. DH and I have been married for 3 years now and we are emotionally and mentally ready for a family. I am 27 and he is 35. We both have family that will help us but its just the thought that its never enough. But like you ladies said, it will never be enough. Ive wanted kids ever since I can remember. Then I remember getting married and saying ok, we'll get a nice big apartment and wait a year to have a kid. Well, 3 years later and no baby lol. We now have a 2 bd room apartment which we are happy with and feel we can raise a baby in but I just keep doubting myself. Well, again, thanks ladies you have all helped me out tremdously.

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a woman at my job told me that you will never have enough money to have a kid, so you just have to do it. things always work out. we are young, but are in a pretty good financial state right now which won't change for at least a few years, so it seems like the right time now.

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well we def went through that bc DH is out or work and looking hard but the market in his field is really tight. . and we wanted to wait until he found something but we are both late 30's and I was just too worried so we decided to go ahead and go anyway. . we are not in a horrid place financially but def not as good as we wish it was.. esp compared to my siblings who are both doing VERY well. . but in the end we have a lot of love and are not in the postion where we can't provide good shelter, food, health care, education and love!!! our future LOs may not be going to italy for summer camp but I think we'll be good!!

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In an ideal world, we'd both be making and we'd own a home.

Neither is true for us at this point.

Before starting to TTC, we moved to a larger apartment (we have 3 bedrooms). We have a cushion of savings that was meant to be a down payment for a house, but I'm not sure if that will ever really be in the cards for us on LI.

We are very fortunate that we are comfortable financially. We don't stress out over bills each month, we live well within our means with some extra left over each month. Our cars are not fancy, in fact one is more than 12 years old. We don't buy designer clothing, and we rarely buy new clothes. We rarely go on vacation.

I agree with what the other girls said, that no matter how much you have you will always think you should have more before having kids ... but you also have to be realistic about whether you can make it work or if you would really truly struggle to make ends meet.

Good luck with your decision!

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We made sure we were in a secure place money wise and house wise before TTC, but thats because thats how my DH is. I mean we dont have millions in the bank, but we are able to pay our current bills with some left over.

I think its important to have some financial stability before bringing a LO into this world. I mean money makes couples fight more than anything, but now add a screaming baby to that mix and that is a recipe for disaster.

Who cares where you live in an apt, house, etc, as long as there is a roof over your head you are good. I mean if you were living in a van down by the river that might be another story lol

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we still have a little bit of debt, but we have a roof over our head and we have steady jobs. We will continue to pay down our debt to the best that we can. Even if i were to get PG tomorrow, that still gives me 9 months to pay the debt down. that is how i look at it at least.

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I feel like you are never really "ready" financially. At some point you have to look at your situation and decide whether or not you are "stable".

We owned a home, got rid of most debt, and had very secure jobs when we decided to TTC our first.

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we were going to TTC but now have to back off. I did my homework and asked what the policy was at work and found out i get no paid time off (must use my personal time) and being that i just started to ecru that I have to wait until I bank three months which will be another year or two unless someone leaves us enough to cover my salary.

Financially we would struggle with child care but my parents might help out two days a week which cuts the cost down a bit and i might have one person watch another day if she is up to it like she says she is. I am kinda ****** off because i finally change my mind and i am "not allowed" now. I don't like being told I can't do something. Dh is 38 and i am 31 i have time but dh is getting up there and who knows if we might have problems TTC.

I think as long as you have enough money to cover your time off and to pay for child care and your ready and secure then go for it.

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we are in a good F Position but if i wasnt I would still pursue children. Whats life about anyway you know???


my sister has 3 and is broke...i guess the grass is always greener on the other side..but i here i am ttc and i have this house.....thats EMPTY and she has three little ones running around a 2 bdrm apt...

she sees it differently but...whatever

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Hey Millie !! I have 3 girls ,and although dh makes good money our bills are insain , but we cut back on certain things to make it work ! We rent a house right now and it is beautiful ,but there is another house we are trying to get into b/c it is cheaper ( not as nice) ,but we came up with a 3 yr plan and if we get into this place we can save money to buy a house in NC in a few yrs. I think it is all about planning ! I was never financially ready , but it works out .


Message me on FB if you have any questions !! I would be so excited for you when you have a baby , I know how bad you have been wanting this !

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DH and I are very young and when we had DS it was not expected and we were not ready by any means. That being said we are TTC #2 and still are not in my ideal situation for another but I know that the love we can give is better than anything money can buy. Thats what matters in my eyes.

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We were in an OK financial position when DS was born. It was tight here and there, but we were OK. Now I went back to work and DH has had some nice raises, we make 3 x as much and I STILL don't feel like there is enough.

Message edited 7/28/2010 3:58:07 PM.

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YES, we are 34, this economy is just terrible...we thankfully both have jobs but when I had DD last year DH was laid off for 3/4 months he is in construction! It was really hard, but again we are 34 can't wait much longer to have children so we are going for it. We are TTC #2 now, are we in a great place financially, not the most ideal but we are trying. Time just isn't on my side...

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The cost of having to put one in daycare is what is holding me back from having another.

Right now, our ILs watch 3 under 19 months and SIL has started to TTC again.

I just CAN'T do that to my ILs.

I would be working to pay daycare which makes no sense to me.

In my situation, I also HAVE to work because DH is self-employed and we could not afford healthcare otherwise.