Do you have $100K? That's how much it cost to raise a child right through High School from an article I read.
I don't think you can really be prepared for what's to come when deciding to have children. Hindsight 20/20 we would have liked to save somewhere around $20K EF at least. At the same time, we could have waited little longer and rent for a while and perhaps saved $100K in four years renting instead of going to house payment. But that's wish washy in our part. We don't regret any of our decisions though. We live in reality not the past.
But you can do is be prepared, make sure you have a steady job, good income, savings (EF), and develop a family budget if you don't have one. I would also pay all your debts first, if not trim it as much as possible.
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