No. of Recommendations: 0
As I stated in a previous post, if you wait until you think you can afford kids, you'll probably never have any.

Well, that's not necessarily true, at least in our situation. We have 3 empty bedrooms, and our budget has an extra 2k per month that's not spoken for in our retirement plan, so affording them isn't necessarily the issue, just assuming a single child won't cost an extra 2k every month.

If finances are your primary goal, you probably shouldn't have kids, but then you would miss grandchildren, and they are certainly special.

Certainly not our primary goal, but I would like to think that I can balance all of our goals. If kids came with annuities to pay for every one of their costs and they added 3 years onto our lifespan for each child, it's possible we'd have 4 or 5 of them. However, our goals in life include both raising children, and having a rewarding retirement. So I'm budgeting for a child (or possibly two), and making plans for retirement as well. We will put off our retirement in order to have the child if needed, but I don't see any reason so far that it's necessary. I might need to cancel our pinball machine budget, but golly, if that's the worst thing then I'm pretty happy.
Print the post  

Announcements

The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement