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Secondary IF
N2IFR Can I be honest about money here?
How many of us do not have a full 6 months in savings? I was lurking on the SAHM board, and it feels like most of them have 6mos to 1 year of expenses in savings. We do not.
I am battling the feeling that staying at home, and even choosing to have another child was irresponsible financially. I feel a little better knowing that the Dr. did not seem to feel as though waiting longer to have children would help our medical situation. (He told me it was a hurry and get it done kind of thing)
We survive every month, but that is about it. We have a small savings account, and now I am beginning to worry. It could all be these paranoid hormonal feelings though. !!
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Re: N2IFR Can I be honest about money here?
We have fluctuated... we had it, than we hit hard times, now we have it again.
I think for us we knew it was now or never having kids. We started TTC #2 when DH had just accepted a new job and we were financially stretched. We didn't know if it would work out. Thankfully it did.
I think the main thing is trying to better yourself and are independent. It sounds like you all are making ends meet and some savings is better than none. I understand your nanny position is ending but you all are looking for new opps! As long as you have a good attitude like that I think you all will be fine.
This is one of those areas that I think MANY people on these boards embellish because seriously, who would be the wiser if they weren't completely honest?
Never let what 'most people' say influence how you feel about your own situation. If you feel you need more money in the bank to feel finacially secure before trying for a larger family, by all means do it. Personally, I would never put money over family. If Dhs job is safe for the most part and you have a medical need to get PG sooner rather than later I say go for it! You will need the insurance for the delivery anyway and I say take advantage of it now!
Good luck in whatever you decide!
I have to agree with pp, I wouldnt believe that most families have 6mos to 1yr in savings. That seems crazy to me! Of course a lot of families DO have it, but I would think just as many (if not more) DONT have it. DH and I both work full time, and we do have a decent amount in savings. But if I was a SAHM that would diminish very quickly...but we cant afford for me to SAH, as much as I want to.
I know your nanny job is coming to an end soon, but I also know that you are on the lookout for other opportunities. If it isnt affordable to SAHM, can you find another nanny job? Have you checked online for work at home opportunities?
I was always told that if you wait for the perfect time to have a child you will be waiting forever. I dont think it was irresponsible to have another child. You are able to make ends meat, DH has a job, you WILL be ok. Good luck!!
)
No lies here.....we barely have any savings
DH just finished Law school and I'm a teacher. I have not received anything more than a 1% raise (yes....ONE.....) over the past FOUR years. He has been in school for three years and we have a DS and one on the way. DH had a great job offer........but his start date is now being pushed back, so IF he even gets to start working for some money, it won't happen until January.
Before he went to Law school.......we owned a house and sold it, but only made a tiny bit since the market was crashing and we had only been in the house 2 years. Before Law school, my DH was part-owner of a screenprinting business. We lost a lot of money in that business b/c it didn't do that well and there were many weeks that DH and his partner could not pay themselves b/c they had to pay their employees.
:::SIGH:: I feel like in this economy, we are never going to make it
