Rachel789
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- Oct 6, 2011
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I think its all relative to one's situation. The money you make would not cut it for us, our mortgage is half of what you bring in monthly together! But if your bills are not crazy like ours then you can probably afford it.
I am 29 and have been with my DH for almost 9 years and we just recently became comfortable with where we are at in life mentally and financially to decide to have children. We have been working and saving for a long time and have a lot of money in the bank and I am still worried about the cost. I have a friend that just had a baby and she warned how quickly things add up that you would not even think about. Between my DH and I we bring in about 100k a year and it still is not even enough. Things just cost so much these days it is not the same as it was when my parents had me almost 30 years ago. I watched on the news and they said the average cost per child not including college is 240k, up 40% from 10 years ago mainly attriubted to child care cost, gas, and groceries. All the essentials that we cannot go without. Not to mention health care costs! It is scary but at the same time there is never a pefect time to have children.
The only advice I can give anyone regardless of age is to just be prepared with A LOT of money in the bank at least 6 months of expenses because you never know what can happen. Good luck to all of you
I am 29 and have been with my DH for almost 9 years and we just recently became comfortable with where we are at in life mentally and financially to decide to have children. We have been working and saving for a long time and have a lot of money in the bank and I am still worried about the cost. I have a friend that just had a baby and she warned how quickly things add up that you would not even think about. Between my DH and I we bring in about 100k a year and it still is not even enough. Things just cost so much these days it is not the same as it was when my parents had me almost 30 years ago. I watched on the news and they said the average cost per child not including college is 240k, up 40% from 10 years ago mainly attriubted to child care cost, gas, and groceries. All the essentials that we cannot go without. Not to mention health care costs! It is scary but at the same time there is never a pefect time to have children.
The only advice I can give anyone regardless of age is to just be prepared with A LOT of money in the bank at least 6 months of expenses because you never know what can happen. Good luck to all of you