Strong 2nd to
@KwanYingirl on being careful about romanticizing. I strongly suggest going over to some parenting forums to read a few hundred of in-the-trenches posts. Almost as good a form of birth control as a kids birthday party ;). Seriously good information, though, and not the stuff you'll see in magazines.
@Solara is a good reminder about logistics.
From a pragmatic point of view... Having no idea how much you make (if you're independently wealthy, just skip to the next post!)... Some things a lot of people forget to look at (I don't know why, but for some reason when people hear 'Kids are expensive' they think
stuff. A $500 car seat you can use for 5 years ain't even a drop in the bucket. Xmas & birthday gifts? Hah. That's cake compared to daily cost of living) :
- Make sure you can afford to work!*** In my city most SAHPs aren't stay at home parents by choice, but because the cost of daycare is more than one person makes in the early years, and sometimes bites into the second salary, as well. 50hours a week of daycare (full time for a 9 hour workday plus commute) in my area is $1600-$2500
per child per month at the low end / McChildcare. Prices drop a little once they're potty trained. AuPairs & LiveIn Nannies are increasingly popular, because it's generally a straight 2k per month + room/board regardless of the number of kids you have. Preschool can raise or lower the cost depending on tuition. Ditto Private k12 (most around here range from 10k per year to 35k per year). Public K12 school is a financial blessing. It's only an average of $800-$1000 a month for YMCA before&after school care. These prices are pretty standard in most big cities on both coasts, although there is some fluctuation. In the Midwest & small towns costs tend to be lower, but so is most median income.
- Diapers & formula. You may intend to breast feed & cannot (for a wide variety of reasons). Formula
can cost as much as $20 a day, although you may luck out and either be able to nurse & pump, or have a baby who doesn't get ill on el cheapo formula. I got mastitis at 9mo, and had a kid who didn't need nutrimigen (thank god) but whose formula costs were at the $20 a day level. That's another $600 a month. Diapers are easily $50-$100 a week whether you use disposables or a service. Looooooved potty training. It was like hearing money! Cha-Ching!
*** In a lot of cities the trending is becoming
- School & casual dating in your 20s
- Work & serious dating in your 30s
- Marriage & starting a family in your 40s
In my son's 1500 child elementary school? I was the
only parent in my 20s. There were less than a dozen parents still in their 30s. Most were in their 40s & 50s. In the innercity & more rural areas people are still having children in their 20s, but it's becoming increasingly rare.
LOL one of those quirky things about being on an active parenting forum is that there'd occasionally be a post about being an "older" parent. Almost universally these were people from Utah or rural-Midwest. Even on a nationwide parenting forum with tens of thousands of respondents, and several hundred regular contributors, the average age for birth of first child? 38-42. <chuckling> a lot of the time the "older" parent was only 30. It was real for them in their area, just a but of an "Oh!" Moment when everyone chiming in was is their 40s & 50s sayin, "Hon, you're still a baby!" So if you're under 40 & freaking about time? Know that the trend is waiting until you're secure, set up, and have a life to add a child to, instead of figuring out what you're going to sacrifice this month! There are ways to do it on a shoestring budget... I did, lots do. But it's smart to wait. Saves a lot of struggle.