Hi mamas!
I'm a FTM and am expecting twins in October. We put our house on the market just before finding out we were pregnant, and have been on the fence ever since on whether or not we want to follow through on selling it. The house we live in is pretty small, and we have wanted to upsize for a couple years. We said we'd stay there with one baby, but when baby #2 came along, we'd definitely need to upgrade.
We just got a reasonable offer on the house, and now I'm feeling very anxious. Has anyone moved while pregnant? It sounds like a ton of work and stress for a pregnant lady! Also, we don't know whether we will rent or buy after we sell this house. Money is tight with our mortgage payment already, and I am concerned that if we buy a new house with a similar mortgage, we'll be really financially strapped. Our other option is to rent a house, and pay a $300 or $400 less per month versus a mortgage.
How expensive are babies? I know this sounds like a dumb question, but I really don't know how much I need to budget for their care. I'm pretty thrifty, and am going to try to breastfeed, cloth diaper, and make my own baby food. Anyone have advice on what to do after our house sells?
Re: Selling our house while 4 months preg with twins...what to do next?
First off congrats. Secondly pray! But seriously. The cost of a baby varies on many factors. Insurance and health care Child care costs Do you plan to breastfeed or are you going to using formula Disposable diapers or cloth Start by figuring out some of these and that my help. Congrats on getting an offer on your house!
eta: Sorry I was mobile bumpin and see that you do have some of that figured out.
In the long run, mortgages are way better than paying rent. You build up equity instead of losing your money forever.
Have you looked out moving to an area where you will get more bang for your buck? Sometimes changes the neighborhood will save you tons of money.
I totally understand your mortgage hesitation. I'd get some rates and see what you could buy... It's so hard to predict how much is too much. I'm apprehensive about our new one but we need the space.
I planned on breast feeding and that did not work at all. I have also known people who were determined to cloth diaper and their baby's skin had reactions to the diapers. Always budget for worst case scenario. Formula for two will run you at least $60 a week if you can get it at a Costco like store. I would estimate around $30 a week in diapers when they are newborns. You can sign up on baby product sites and they will send you samples and coupons. Sign up everybody you know (including pets) for formula sites all with your address. They will send you checks that you can use when you buy they're formula.