Hi, my husband and I have been talking about ttc soon, but we are worried about the costs. We both work full-time and make about $6,300 per month.
That seems like enough money, but we currently pay $1,500 per month on mortgage and taxes and $1,700 per month on student loans (for the next 9 years), taking a big chunk of our monthly income, leaving just enough money for utilities, groceries, car payment ($300), gas per mo, car insurance, etc.
I looked up costs of child care in our area and it looks like all infant care is about $800-$1,000 per month. After looking at these numbers we were devastated...and that doesn't even include food, diapers, pediatrician, etc. I don't see how we could ever fit this in our budget as long as we have student loans to pay for.
If anyone has any advice on how they afforded their first-born and got by then I would really appreciate it. I am really upset and just need some advice.
Asked by Anonymous at 11:43 AM on Sep. 2, 2009 in Money & Work
Answer by Anonymous at 11:52 AM on Sep. 2, 2009
Answer by Jademom07 at 11:53 AM on Sep. 2, 2009
Answer by Anonymous at 12:03 PM on Sep. 2, 2009
Answer by baby1love at 12:41 PM on Sep. 2, 2009
Answer by Anonymous at 12:46 PM on Sep. 2, 2009
Answer by Anonymous at 12:48 PM on Sep. 2, 2009
Answer by Anonymous at 12:52 PM on Sep. 2, 2009
Answer by mumma28 at 1:30 PM on Sep. 2, 2009
Answer by mumma28 at 1:33 PM on Sep. 2, 2009
Answer by Anonymous at 1:53 PM on Sep. 2, 2009