To what extent did having a child disturb your financial security?

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No more than not having a child did.

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I’m not sure why we need an enormous SUV for an 8 lb baby, but we have one.

Daycare is expensive, but my wife makes more than enough to cover it.

We don’t go out as much, but our savings goals are similar to pre-kids. All of our Amazon and “luxury” purchases are for the kids now.

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Echo KPMG 1. Had my first child as a first year senior. Wife had to cut way back on her job and essentially cut us to one income. It’s a very significant change financially early in your career. However being a young parent is an amazing experience that the extra saved money could never buy you. #my2cents

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Daycare costs a lot, summer camp, bigger house, bigger car. Kids cost a lot

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I’m so personally happy I chose to be child free. All that extra savings to do what I want. A lot of respect to you parents out there.

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Deloitte 1. Time to invest in some birth control. 😂

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Already got IUD!

So you're a senior (as am I), and I went from a double income family where we could save and not worry about money, to close to living paycheck to paycheck where we only had close to 400 more per month than the expenses took. It's a bit of a lifestyle adjustment.

helpful

We went from being in a situation where if either of us lost a job we’d be okay short term to not.

I’ve got 4 and somewhat managing. We don’t splurge much the only things taking up my budget are paying down debt and dang SUV. The civic wasn’t cutting it anymore. What keeps me motivated is that this is only short term: whether I decide to stay in PA or go elsewhere, I’ll have more disposable income down the road. What PWC2 said, being a parent at such a young age is such an amazing experience.

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