I was talking with someone the other day about trying to get pregnant, and they ended up telling me “You can’t afford kids.” After I picked my jaw up off the floor, I asked them why they thought that was the case. They said that kids are so expensive, and they know how frugal I am and that if I have kids they will probably have me stressed out all the time about money.
To be honest, one of the reasons we’ve waited to have children is because of money. We wanted to make sure that we had stable footing before adding a child into the mix. I don’t think that’s silly, but maybe other people do. At one point, we had over $36,000 in student loan debt, my husband was in culinary school, and I wasn’t even making that much in a year while supporting us! To get pregnant would have been a strain on our marriage, finances, and sanity.
I know that we’ll never be truly 100% ready to have kids, but I want to do the best I can with what we have now to prepare. I want to get as much debt paid off that I can, save up enough money to take a year off work to stay with the baby, and have a healthy emergency fund just for peace of mind. I don’t think that having a baby is a decision to take lightly, and everything I can do to prepare will make it so much more worth it in the end.
To be honest, I don’t know if anyone can ever afford to have kids. I think that you make sacrifices and deal with the cards that you’re dealt.
Do you think we’ll be able to afford kids?