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