Want to start a family but have Money Worries!

Staciep88

Hi everyone!

Well... the title says it all really. Me and my partner want to start a family sooner rather than later cos ..well.. he isnt getting any younger . My partner does owe around £6,000 which in theory could take anything up2 2 years to clear and we didnt really want to wait that long. So I am looking for other people that are or have been in that situation and what the outcome was really?... Did you wait? Did you cope? and any tips?

Thanks
Stacey x

MERFE

Hiya, when I had my first 2 we were debt free and both working, neither on great earnings but a decent joint income, but now 3rd time round I'm a SAHM and we are not debt free but we will manage just fine. We get alot of the kids clothes and toys at NCT nearly new sales and you can get moses baskets and loads of other often like new equipment from these. I would never put off having children because of money as you never know what may happen and I'd rather things were tight now when they are small and will not remember, you'll always manage somehow.

Remember that although it can happen the first month you try it often doesnt and took us over 2 years to concieve our first daughter but the second and third happened very quickly.

DaisyFlower

I think finances should be looked at prior to having children, after all you financially have to support an extra person on possibly less money if you work.

Can you afford to keep upto date with the payments whilst you are on maternity leave factoring into account the bits you will need to buy for the baby? If so, then you should be fine. If not, I'd try and throw everything you can at the debts to clear them off early.

Having a baby is a wonderful thing, it can also be stressful due to the sleepless nights etc so you really dont want to add money problems to the mix.

LittleTinker

I guess it depends....are you ok with second hand? In which case WOW bargains to be had from freecycle and carboot sales. You can get everything for baby for less that £100.

As for debts....make arrangements.....a kiddie doesnt cost anything really for the first 3 -4 years of its life....so take that time to clear the debts

Staciep88

DaisyFlower wrote: »

I think finances should be looked at prior to having children, after all you financially have to support an extra person on possibly less money if you work.

Can you afford to keep upto date with the payments whilst you are on maternity leave factoring into account the bits you will need to buy for the baby? If so, then you should be fine. If not, I'd try and throw everything you can at the debts to clear them off early.

Having a baby is a wonderful thing, it can also be stressful due to the sleepless nights etc so you really dont want to add money problems to the mix.

Hi, thanks for that. I did forgot to say that (cutting a long story short) this is my partners debt and not mine so therefore whilst i am taking maternity leave i will have no outgoings apart from the baby, my partner would still be working his 40hr week and paying off his debts to the best he can

Staciep88

LittleTinker wrote: »

I guess it depends....are you ok with second hand? In which case WOW bargains to be had from freecycle and carboot sales. You can get everything for baby for less that £100.

As for debts....make arrangements.....a kiddie doesnt cost anything really for the first 3 -4 years of its life....so take that time to clear the debts

Well funny you should say that as I have been buying bits and bobs off ebay so that I will have all the essentials by the time i need them. Thanks

honeypop

Staciep88 wrote: »

whilst i am taking maternity leave i will have no outgoings apart from the baby, my partner would still be working his 40hr week and paying off his debts to the best he can

Will he be paying all of the living expenses, bill and rent/mortgage for the both of you too then?

Staciep88

Sorry I did mean to include that in my costs aswell - fortunatly we don't pay too much rent as we are renting my parents second home

Spendless

What about working out your debt free day and trying 9 months before that. It might take you a while to conceive but equally you might conceive in the first month. I conceived in the 1st month on 3 occassions in my 30's.:eek:

There are lots of threads about keeping baby costs down.

Good luck.

Staciep88

Great Idea Spendless. Thanks everyone x

angelfairy

Spendless wrote: »

What about working out your debt free day and trying 9 months before that. It might take you a while to conceive but equally you might conceive in the first month. I conceived in the 1st month on 3 occassions in my 30's.:eek:

There are lots of threads about keeping baby costs down.

Good luck.

That is encouraging news to hear :j :j

I've just turned 30 and am ttc, but do not hold out much hope for the first month but will be so disappointed if i am not lucky that first month.

To the OP, i keep reading that it is 'never the right time' and you always find the money.

Good luck