Having a Baby- Is it Cheaper When You’re Younger, or Older?

Posted by Mrs Money on July 14th, 2010

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Mr. Money and I have babies on the brain.  Despite the obstacles we’ve occurred, we’re determined that we will be parents in one way or another.  One of the reasons we waited to try to have a baby was because we wanted to wait until we were financially secure.  I understand now that you’ll probably never truly be ready to have kids, but we wanted to be as prepared as we could be.  We really wanted to make sure that we were student loan free.  That was something that we didn’t want to negotiate on.

Now we’re student loan free and working on trying to have a baby.  It’s so exciting, and it finally feels like the time is right.  I can’t help but wonder if maybe we’ve waited too long now, though.  I’m 26 (I know, young!) but Mr. Money is 33.  What if it takes years to get pregnant?  Yikes.  I do think there are many benefits to waiting to have children, but I also think there are some drawbacks.

Pros to having a baby when you’re older

-You have time on your side to pay off debt

-You’ve gained some career experience

-You have time to save money for an emergency fund or for the baby

Pros to having a baby when you’re younger

-Things cost less than they would in 10 years, making it cheaper to have a baby

-You have more energy to play with the child and raise it

-If you do have trouble getting pregnant, time is on your side

Basically I think that we’ve got time on our side, and hopefully things will work out and I’ll be knocked up before you know it. ;)

Do you think it makes better financial sense to have a baby when you’re younger, or older?

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25 Responses to “Having a Baby- Is it Cheaper When You’re Younger, or Older?”


  1. We just did it after trying for a while and we’re (ahem) older. I’m glad it worked out that way and had time to enjoy life without kids for a while and at the same time setup a little more financail stability.

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    Mrs Money Reply:

    Car Negotiation Coach- I’m glad it worked out for you! How old is your baby?

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    Car Negotiation Coach Reply:

    She’s very old….already 6 weeks! She’s a little cutie!

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  2. I am pregnant with my first child due in November and I’m 28 years old. I was going to wait until I was 30 to have more money saved etc., but then I remembered that popular saying — you will never have enough money or feel absolutely ready. So we went for it and it was the best decision EVER! So far, anyway :)

    I am currently working on saving lots and figuring out how to raise a baby as inexpensively as possible. There are some amazing tips out there!

    Good luck on your journey!

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    Mrs Money Reply:

    Robyn- Congrats!! I have heard that saying numerous times too :)

    Thanks so much!

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  3. H Lee D says:

    If it takes years, then he’ll be 35 or 36 … not really a big deal IMO, but I’ll be at least 35 if/ when we have a kid … and hubby is currently 52.

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    Mrs Money Reply:

    H Lee D- Of course I worry about crazy stuff. ;) We just feel we are ready. I think it’s time! Good luck when the time comes :)

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  4. Little House says:

    I think you definitely have time on your side, you’re not even in your late 20’s yet! I’m more than 10 years older than you and waited and waited to be “financially ready” to have kids and now nothing’s happening! So, I would say go for it now, while your still young. Once you push past 35, the chances of getting pregnant begin to dwindle quickly. And you, my dear, are a long ways off from 35. :) Good luck!

    [Reply]

    Mrs Money Reply:

    Little House- Thanks! I hope that it happens soon for you. I know it’s stressful and aggravating. :( I’ll keep my fingers crossed for you. Let me know if you ever need someone to talk to!

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  5. Vee says:

    We are 26 and 33 as well… it’s a tough split, because I feel like I have several years to decide, while he feels like his time is running out. We’re definitely not financially ready yet, so that buys me some time :)

    [Reply]

    Mrs Money Reply:

    Vee- I am glad you have come to a decision that you both are happy with! I hope it happens for you quickly when the time comes!

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  6. Karen says:

    YAY! Congrats on your decision! I’m so excited for you!

    I’m 25 and pregnant with my first, due in December. My husband is 26. I come from a long line of young mothers — my mom and my older sister both got married very young and were 22 when they had their first. So I don’t necessarily feel overly “young” to be pregnant, but I know most people think I am.

    We also struggled with this question, but in the end, we decided we’d rather be young parents. We’re college educated, capable of living comfortably on less money, and we decided that babies generally don’t care that much about luxury. As long as you can afford a roof over your head and food on the table, the baby will be happy and loved. Babies really don’t care how much debt you have, etc.

    We did a little bit of traveling before I got pregnant, but we’re looking forward to being relatively young with an empty nest! In our 50s we’re more likely to be financially stable, and once the kids head off to college, we’ll have plenty of time to do more traveling.

    [Reply]

    Mrs Money Reply:

    Karen- Thanks! You have helped me so much! I think that I’m finally ready and I want to be pregnant NOW. I can’t wait. ;) I can’t wait until you ave your baby. :)

    I like to keep in mind what you said- babies need food, shelter and love and that’s about it!

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  7. I’d say that if you want to have kids, you may want to start trying earlier rather than later. Financially, you’ll be more stable later, but physically, it’s so much tougher that I don’t think it’s worth waiting on purpose. My mom had me at 24, my younger sister at 33, and my youngest sister at 38…it was much rougher on her at 38. She is of course happy with the outcomes of all 3 of us, but I’d say start as soon as you are ready and stable.

    To put things in my perpective, I’m 27 but still don’t feel the pull to have kids…if it hits at 30 or 35 we’ll revisit the issue and I’ll have to deal with the late-stage toughness…I’m just not ready yet. If I was, we’d be trying already.

    [Reply]

    Mrs Money Reply:

    BITFS- I think we’re ready and I can’t wait for it to happen. I need to be patient now. ;) I wasn’t ready for a few years, and I’m glad that I waited. :)

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  8. AJ says:

    I’m due any day now with our first baby. I’ll be 28 next month and my husband just turned 27 in May. It took us 6 years to get pregnant (successfully). I’m glad we started trying when we did! However I think the perfect age to begin a family is mid-20s to early-30s. I’m so thankful we didn’t get pregnant right away, at 21-23 we were just not prepared at all. Emotionally or financially. Maybe it worked out this way for a reason. :)

    It was important to us to have a child no later than 30 though, because we wanted to be young enough to play with him. My parents were older when they had me and I’m the oldest, so by the time they had my sister who is 9 years younger, they just did not have the energy to keep up with her and play with her. We always had the “older” parents – despite them not really being THAT old. So for us, mid-20s is working out to be okay for starting a family! Now once baby is here there may be an entirely different opinion, lol.

    Best of luck with your baby making progress!!

    [Reply]

    Mrs Money Reply:

    AJ- Congrats! How exciting. I want to be young enough to have energy to play and take care of them too. I think that is great. My parents are in their late fifties and can’t wait to be grandparents!

    Thanks so much!

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  9. “-You have more energy to play with the child and raise it”

    With a 6 year old, a 4 1/2 year old, and a 9 month old…energy is in short supply these days! :)

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    Mrs Money Reply:

    Saving Money Today- I’d love to come over and play with your kids :)

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    Saving Money Today Reply:

    Sounds great! :)

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  10. Jenny says:

    Knocked up before you know it… LOL! Good luck, I hope it’s soon!

    I know many people disagree with me, but theoretically I don’t think money should play a role in this decision. Waiting for financial security to have kids, if everyone follows that, sort of suggests that children are a luxury. For you and Mr. Money, it may only mean waiting several years until you’ve paid off some debt. For people under the poverty line or who have suffered job loss or catastrophe, it might mean never. Also, if people with very little money put off having kids, they are going to have a heck of a time affording pricey fertility treatments if they need them later. I’d just hate for anyone to miss out on the heritage of children solely because of money, and I think this is an issue that is getting worse as maternity care becomes more expensive. Parents are also expected to spend a fortune on their children these days. Anyway, waiting because of money concerns is a personal decision and I can definitely understand why someone would make it. We got married in college and waited until I graduated and got a job to try for a baby, mostly because of money. With our insurance situation, we likely would’ve been paying for prenatal care and the birth out of pocket! Yikes! What makes me sad is that I’ve seen people bash others for having “too many kids” and costing them money through Medicaid and WIC (without even knowing whether the family is really on it!). I hate that.

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  11. Jenny says:

    Oh and I meant to add that when we realized how much we were getting back on our taxes with the two kids (2009 was the first year we had two) we were like WOW. So there’s that little perk, although we did end up spending a little of it on a king size bed that we needed because of the kids and the rest to help pay off the van that we bought because of the kids. :-) So the girls cost us, but it’s not half as bad as our well-meaning relatives warned us it would be at this young age. Also, it’s made us extremely frugal and creative with our spending and we’ll take those skills through life with us.

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  12. Becky R says:

    It’s all in God’s timing. Congrats on trying and being student loan debt free!

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  13. Angel says:

    *fingers crossed* i’m so excited for you!
    i had my 1st baby 9 months ago (28 and my husband is 30). it took us 2 years to conceive. we also waited to pay down debt before trying to conceive. we paid down everything, but my husbands student loans (we are currently working on these). i look forward to reading frugal child raising tips from you.

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