Question: Can we afford another child?
Total Votes: 107
I have gone through and summed everything up. We want to add to our family. Here is our income and bills. I am not getting any younger we have a 4 year old son and are both in our early 30s. We want another child and feel as if we are running out of time.
In the next 10 months
Income Monthly: $1768
Morgage Monthly: $1038 includes electricity and water.
Car Repayments Monthly: $120
Phone/Interent Monthly: $60
Car/Transport monthly: $200
Clothing/shoes monthly: $50
Food monthly: $200 monthly
We receive medicaid since I lost my job (thats why we are on a low budget). We have $4000 in savings that we will not touch unless life or death.
That is all we spend our money on^ We dont have any other bills or debt. We have no credit debt, study loans.. its all been paid off before our son came into the world. Left over is around $100 depending on if we have needed new clothing or not, Less on the cars or more ect. Our income will rise to at least $2136 monthly in November (DH signed a contract with his fathers family business) leaving us with around $300 left over monthly.
I think we can do it! I will breastfeed like my last (unless I medically cannot), I co-sleep and bath, cloth diaper, baby wear and dont use strollers, I will start making baby foods and I am going to start a veggie garden.