Quote:
Originally Posted by trex
I have nothing against having children, but I think that you are doing a disservice to your finances when you have children young and you don't have your finances in order. Having children cost a lot of money. A huge amount and if you don't have your finances in order before you have children, you are going to have huge problems later in life because you will always be poor.
Think of it this way. Look at the people that say having kids when you're young is good. They are almost always poor. Kids cost a ton and when you have a child, you are committing yourself to live at the current lifestyle and even below. Any extra money will go to diapers and other kid costs. If you have debt, you're going to keep debt and probably increase it.
There is nothing wrong with having kids. Just don't have them until you have your finances in order and save yourself a lot of stress and fights. Will your survive when you have kids when you're young? Sure, but you will survive without any money.
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Not so in my case. I was young when I started with my kids - a sophomore in college. It just made me buckle down and study/work harder. I had student loans, Pell Grants and scholarships to get me through it all - of course, hubby worked minimum wage job. But, once I graduated and got a job, it's been up hill since. Hubby went back to school and then got a better paying job. I'm in the upper middle class, my daughter is in college and my son's future college tuition is paid for as well as funding a 529. We're not hurting nor have we been in debt because we had kids at 20 instead of 30.
Maybe that's not the norm, but that's what I have seen many people around me do as well.