This clip is EXACTLY what I've been looking for. My husband says he doesn't want us to try having a baby till after we get the down payment for a house. I said to him that if people waited till they could afford to have kids the human race would go extinct. Hope this helps ease some of the stress in his mind.
Why did no one mention childcare? I pay $828/month for childcare. More when she was an infant. That's over $10,000 a year with the annual registration fee. That is the normal rate in my area. Early and unplanned parenthood is directly correlated with lower lifelong earnings. Planning your family is definitely the responsible thing to do. While yes there are people who spend frivolously on their children I really don't believe that's the bulk of expenses for most people.
That's true. Thank God for grandmas everywhere. My MIL has kept our little one and she's 18 months now. Going into daycare now will likely be under $700/month. But I'm pregnant and going to be staying home with both in a few months so that's not going to happen anytime soon. But still shouldn't equate to $250,000/per child. That's nuts! I buy everything second hand and use diaper subscriptions to keep costs low. Next time I'll be doing cloth diapers.
I was going to ask this question! Before having a kid, i looked into the cost....daycare for 9 months, loss of wages during my maternity, basic child necessities, oop medical costs, etc...about 20k! You guessed it, we passed on having kids until we can afford it.
Babies are only as expensive as you make them. Our family is living off of a single, entry-level income (comfortable, but not lavish), and we have zero worries about kids breaking the budget. The amount of good-quality, used baby items that people will give you (especially for your first child) is ridiculous; people are always looking to get rid of old baby stuff--especially clothes--and if you hold off on buying anything new until you've seen what you can get for free or for cheap from friends and family, you can easily save hundreds of dollars. If you're able to, investing in some cloth diapers instead of disposables can also help you cut costs. As a couple who wants a large family, we never want to be put in a position where we have to say no to having another baby because we feel like we can't afford it. Fortunately, by learning to live within our means and making some money-saving lifestyle choices in the present, we're ensuring that any children we have will feel like a blessing, not a crippling financial drain.
I realized that I wanted cool baby stuff just to give a good impression... now I just buy the NEEDS and skip the wants. I feel so much better now!!!!!😄
The bigger house before kids is so weird to me! We had someone tell us we could only have two kids due to only having a possible 2-3 bedroom house! We are about to have baby #3 and our first two boys happily share one room, baby is in our room! I breastfeed, I cloth diaper, I make our baby food and our kids get blessed with handle downs and toys often! We've gotten better with money and keep things to a lower budget now than we did before kids!
Hannah Joy Ya its funny that people are in shock when you mention that your kids "share" a room... they dont have their own room?? (insert sarcasm lol)
Yeah, I shared a room with my sister all my childhood and never saw that as a nuisance - we loved it! Now we have 4 kids under 7, and the three oldest share their room too, the baby/toddler will be joining them soon. They basically just sleep there, during day they’re always in the kitchen/living room anyway. We’re saving up to build our house, and then we plan to spread them out a bit, but until then they’re fine.
Glad i saw this, my husband and i are turning 28 and 29. We've been waiting to have more money/get out of debt and now I see that we should just go for it coz we really want to make that step to being parents and also feel like time is going to run out. Its just about being smart with your spending, buying the needs not wants 😊
Michelle Mitchell Save, save, save. My husband and I waited and lost our first baby. We had our daughter when I was 35 and he was 32. #3 will get here, Lord willing, right after I turn 37. I still want 2 more. Plan and prepare but don't wait too long. We both wish we were younger.
We’ve got 4 kids, 5th on the way - and with income of $5,000/month we are able to pay down at least $1,300 + whatever we sell (this month I paid off $1,750, without reaching into other budget categories) - and only $4,000 left of our total debt to pay off! We live in Canada, so we have free/paid from taxes healthcare, but we pay $2,000 monthly rent for 3 bedroom unit - so we’re not slowing down with savings until we have emergency fund and money for our own house 😀
When I was pregnant with my daughter, I went baby clothes shopping at babies r us (RIP) and spent $70 freaking dollars on 12 baby onesies. And they weren't even cute. So, from that day forward I said i am never buying clothes brand new again, and I just buy all my daughters clothes used. It's been great, they are in great condition since babies don't wear the clothes for very long. And I've saved $100s
I love this!! My husband and I have been married almost 5 years. We have no children yet and we are working on baby step 2. We have been having this conversation for some money about wanting to hurry up to pay debt. We aren’t waiting for the debt to be completely clear, even tho that’s what I would prefer, to have kids but using it as motivation to get as much done as possible before we get to that time
we have 4 kids, 6, 5 & 1 year old twins. we live in a 2 bedroom 1 bath duplex and i love it! we have 1 car & no debt & my husband is the only income we get at 11/hr. we get some comments on getting bigger place but i dont feel like we need to struggle to have what people think we need. my kids are thriving & enjoy sleeping together, we have a trundel bed for when the twins get bigger & they will all be in one room. every family is different. this is what we love & what works best for our family.
Where the heck do you live thriving off of $11/hr? Where I’m at you need to make at least $15 to even afford a one bedroom and I don’t even live in a big city.
The more children you have, the cheaper each kid ends up being: hand-me-downs, cloth diapers, and Montessori material (no crib needed by the way). No way are my kids getting anything new. Thrift stores are awesome!
For the record, Baby Gap has some of the BEST sales-- I have found clothes on the back clearance racks cheaper than Walmart baby and children's clothes, and they are much nicer quality (not to mention ADORABLE) ;)
Buy second hand in great condition. I rarely spend more than $12 for shoes for my children or brands on a really good sale. Last Winter, at the end of the season I got my 10 year old 2 brand new winter coats at Burlington for $11 & $15 If I don't have a coupon & it's not on sale I don't purchase it.
I'm still in the intro and you're right it's insane! Never in history has a society told itself that it is not a good idea to have kids as soon as possible and I think we're really really shooting ourselves in the foot. And asked Christian's the first thing that we need to remember is that God commands us not to have and choosing not to have kids because of finances is sometimes if not often a fear Factor. The Bible commands us to have children and I'm not saying that in a negative way and it doesn't have to be this scary hard rule, it's a wonderful thing. it grows us up and makes us more holy . every time we have a a new season with new challenges God calls us higher and deeper, marriage and parenting are like that. It is completely unbiblical to delay or decide not to have kids especially if you're married and there's no reason not to accept for fear or selfishness
I'm working on a science PhD, fiance is an engineer, we're very frugal, no debt other than a mortgage... and I have no idea how to afford a kid. Childcare, what if we lose health insurance???, affording housing in an area with decent schools and career opportunities for us, what if the kid has special needs??? I'm not worried about clothes, I'm thinking about my future kid having a successful adult life! We're trying to figure out how to relocate to Europe where there is more support from the community.
True with baby swings. I used my changing table but could have done very well without it too. Most 'baby things' indeed are so over hyped. I watched all those TH-cam 'what to buy for babies' and bought lots of stuff that my baby isnt using. Currently decluttering alot of stuff
Just had our 6th baby as we downsized home to 1100 sq. ft. We used to have a large house, but I found the more kids we had, the less time we had to clean and maintain the stuff. So we decluttered like crazy and got a smaller space. Also have about 1/10th of the supplies we "needed" for our first baby😆
We are waiting and delaying fertility treatments because we fear the cost of childcare and cannot afford to stay home. Parenthood has become a dream to us. Our hearts ache.
Yeah just because people have an average in America that children cost doesn't mean that that's how much it's going to cost for you! And your point here is exactly right! It's your own choices that matter
I just wanted to have a career going but once that was going I was thinking I should wait until I have a house and a massive amount of cash in the bank..... I don't think I'll ever be "ready" and I started to say I'd never have a child but I'm 30 now and I have really thought about this all wrong.
We pay more in childcare for our 2 kids than we do our home mortgage. Childcare represents our largest budgeted expense per month. Creating a budget around child care costs is difficult and trying to save the Dave Ramsey way during this time of child care expenses is even harder.
Mark Smith I think the window is further out but I would somewhat agree. You never know what the future holds. My husband and I lost a our first baby. Born preterm at just under 5 months. Thankfully we have a beautiful 18 month old now and another on the way. But we shouldn't think we can wait forever and things will just work out. I'm almost 37.
Check out cloth diapering and breastfeeding Rachel. It will save tons of $. My little one was potty trained at 11 months! Great discussion, and congrats to you both, mama and grandpa.
Well considering it can cost anywhere from 10-50k to just have one. You are already a fifth of the way there and they just entered the world. I was blown away by those numbers for child birth
I always knew I could never afford a kid. Everyone says it doesn't take a million to raise a kid, TRUE...it takes a quarter million to raise a kid (Like what Dave said) The one thing parents are never, ever ready for is the financial implications. Why the divorce rate is over 50%. That is the reality check...cash it, deposit it or rip it up.
out of touch with reality. 5 months pregnant. looking at daycare...$900 /mo. health insurance... $600/mo. it's not about the cute things. it's about necessary monthly expenses
Candice Johnson you know please take it from me. God can give you cheaper child care. I paid $800 a month (on a discount) for my 1st son 10 years ago & with my 2nd son I was blessed to get the same childcare that my in-laws used but didn't tell me about with my 1st son & spent $400 a month to full on Christian preschool where my 2nd son is farther along than my 1st son was at 5 yrs. old now that he's in kindergarten. He is exceeding where he needs to be. Don't let your 1st child be like the Luv diaper commercials where you have to have this particular diaper, school, etc. (Not saying you r but I know it happens). I prejudged the school thinking we'd get a better education b/c it wasn't in a particular place or look perfect but the teacher prepared him mentally, spiritually, & loved my son.
You know what busts the young parents budget? It's not the needs of the child, it's the wants of the parent. - Yes, Dave, that's it exactly!
This clip is EXACTLY what I've been looking for. My husband says he doesn't want us to try having a baby till after we get the down payment for a house. I said to him that if people waited till they could afford to have kids the human race would go extinct. Hope this helps ease some of the stress in his mind.
Why did no one mention childcare? I pay $828/month for childcare. More when she was an infant. That's over $10,000 a year with the annual registration fee. That is the normal rate in my area. Early and unplanned parenthood is directly correlated with lower lifelong earnings. Planning your family is definitely the responsible thing to do. While yes there are people who spend frivolously on their children I really don't believe that's the bulk of expenses for most people.
Grace Culver preach!
That's true. Thank God for grandmas everywhere. My MIL has kept our little one and she's 18 months now. Going into daycare now will likely be under $700/month. But I'm pregnant and going to be staying home with both in a few months so that's not going to happen anytime soon. But still shouldn't equate to $250,000/per child. That's nuts! I buy everything second hand and use diaper subscriptions to keep costs low. Next time I'll be doing cloth diapers.
I was going to ask this question! Before having a kid, i looked into the cost....daycare for 9 months, loss of wages during my maternity, basic child necessities, oop medical costs, etc...about 20k!
You guessed it, we passed on having kids until we can afford it.
I agree with you Grace. Day Care is very high and this is our biggest expense. We don't buy luxuries beyond basic necessities.
Grace Culver .... Your spending too much for childcare i hope you make 10k a month
We live in a 1200 sq foot home--three kids-----and DEBT FREE :)
Us too!
I'm not worried about feeding, housing & clothing costs I'm worred about healthcare, daycare & education costs.
I love Baby Gap, I buy it all the time on the 33cent clearance rack at my local consignment shop!
+Amy T yea cuz little badass grows out of them soooo fast
“Baby GAP, my butt.” Dave Ramsey cracks me up 😂🤣
childcare is what kills your wallet. not a debt, a bill
Babies are only as expensive as you make them. Our family is living off of a single, entry-level income (comfortable, but not lavish), and we have zero worries about kids breaking the budget. The amount of good-quality, used baby items that people will give you (especially for your first child) is ridiculous; people are always looking to get rid of old baby stuff--especially clothes--and if you hold off on buying anything new until you've seen what you can get for free or for cheap from friends and family, you can easily save hundreds of dollars. If you're able to, investing in some cloth diapers instead of disposables can also help you cut costs.
As a couple who wants a large family, we never want to be put in a position where we have to say no to having another baby because we feel like we can't afford it. Fortunately, by learning to live within our means and making some money-saving lifestyle choices in the present, we're ensuring that any children we have will feel like a blessing, not a crippling financial drain.
I realized that I wanted cool baby stuff just to give a good impression... now I just buy the NEEDS and skip the wants. I feel so much better now!!!!!😄
The bigger house before kids is so weird to me! We had someone tell us we could only have two kids due to only having a possible 2-3 bedroom house! We are about to have baby #3 and our first two boys happily share one room, baby is in our room! I breastfeed, I cloth diaper, I make our baby food and our kids get blessed with handle downs and toys often! We've gotten better with money and keep things to a lower budget now than we did before kids!
Hannah Joy Ya its funny that people are in shock when you mention that your kids "share" a room... they dont have their own room?? (insert sarcasm lol)
Yeah, I shared a room with my sister all my childhood and never saw that as a nuisance - we loved it! Now we have 4 kids under 7, and the three oldest share their room too, the baby/toddler will be joining them soon. They basically just sleep there, during day they’re always in the kitchen/living room anyway. We’re saving up to build our house, and then we plan to spread them out a bit, but until then they’re fine.
Glad i saw this, my husband and i are turning 28 and 29. We've been waiting to have more money/get out of debt and now I see that we should just go for it coz we really want to make that step to being parents and also feel like time is going to run out. Its just about being smart with your spending, buying the needs not wants 😊
Michelle Mitchell Save, save, save. My husband and I waited and lost our first baby. We had our daughter when I was 35 and he was 32. #3 will get here, Lord willing, right after I turn 37. I still want 2 more. Plan and prepare but don't wait too long. We both wish we were younger.
We’ve got 4 kids, 5th on the way - and with income of $5,000/month we are able to pay down at least $1,300 + whatever we sell (this month I paid off $1,750, without reaching into other budget categories) - and only $4,000 left of our total debt to pay off! We live in Canada, so we have free/paid from taxes healthcare, but we pay $2,000 monthly rent for 3 bedroom unit - so we’re not slowing down with savings until we have emergency fund and money for our own house 😀
You need to budget for childcare if you don’t have someone to look after your baby. And this show did not mention it at all.
When I was pregnant with my daughter, I went baby clothes shopping at babies r us (RIP) and spent $70 freaking dollars on 12 baby onesies. And they weren't even cute. So, from that day forward I said i am never buying clothes brand new again, and I just buy all my daughters clothes used. It's been great, they are in great condition since babies don't wear the clothes for very long. And I've saved $100s
Kathrine Ann very great tip 👏🏾👏🏾
I love this!! My husband and I have been married almost 5 years. We have no children yet and we are working on baby step 2. We have been having this conversation for some money about wanting to hurry up to pay debt. We aren’t waiting for the debt to be completely clear, even tho that’s what I would prefer, to have kids but using it as motivation to get as much done as possible before we get to that time
we have 4 kids, 6, 5 & 1 year old twins. we live in a 2 bedroom 1 bath duplex and i love it! we have 1 car & no debt & my husband is the only income we get at 11/hr. we get some comments on getting bigger place but i dont feel like we need to struggle to have what people think we need. my kids are thriving & enjoy sleeping together, we have a trundel bed for when the twins get bigger & they will all be in one room. every family is different. this is what we love & what works best for our family.
Not when they are teens lol they won't stay little forever
M. A. People planning for the future? As if!
Where the heck do you live thriving off of $11/hr? Where I’m at you need to make at least $15 to even afford a one bedroom and I don’t even live in a big city.
Zach W they aren’t thriving. They’re living in poverty. I wouldn’t be surprised if they’re on welfare
Im Tired exactly everything goes up, living off of that is like living in the early 2000s.
Absolutely! I love this talk! Every parent needs to hear this😘
The more children you have, the cheaper each kid ends up being: hand-me-downs, cloth diapers, and Montessori material (no crib needed by the way). No way are my kids getting anything new. Thrift stores are awesome!
If both parents work, and you don’t have a village to rely on, the cost of childcare can greatly impact a budget.
For the record, Baby Gap has some of the BEST sales-- I have found clothes on the back clearance racks cheaper than Walmart baby and children's clothes, and they are much nicer quality (not to mention ADORABLE) ;)
Rachel McE we'll that's the way to go. On sale & grab a coupon/code if you can.
The biggest cost of having a child is childcare not baby clothes hahaha
This was so good exactly what we needed to here thank you .
Buy second hand in great condition. I rarely spend more than $12 for shoes for my children or brands on a really good sale. Last Winter, at the end of the season I got my 10 year old 2 brand new winter coats at Burlington for $11 & $15 If I don't have a coupon & it's not on sale I don't purchase it.
I'm still in the intro and you're right it's insane! Never in history has a society told itself that it is not a good idea to have kids as soon as possible and I think we're really really shooting ourselves in the foot. And asked Christian's the first thing that we need to remember is that God commands us not to have and choosing not to have kids because of finances is sometimes if not often a fear Factor. The Bible commands us to have children and I'm not saying that in a negative way and it doesn't have to be this scary hard rule, it's a wonderful thing. it grows us up and makes us more holy
. every time we have a a new season with new challenges God calls us higher and deeper, marriage and parenting are like that. It is completely unbiblical to delay or decide not to have kids especially if you're married and there's no reason not to accept for fear or selfishness
I'm working on a science PhD, fiance is an engineer, we're very frugal, no debt other than a mortgage... and I have no idea how to afford a kid. Childcare, what if we lose health insurance???, affording housing in an area with decent schools and career opportunities for us, what if the kid has special needs??? I'm not worried about clothes, I'm thinking about my future kid having a successful adult life! We're trying to figure out how to relocate to Europe where there is more support from the community.
Here’s a tip, don’t buy a changing table or those fancy chairs that glide back and forth. You’ll never use either but twice.
I would love to hear anything else you have to say!
True with baby swings. I used my changing table but could have done very well without it too. Most 'baby things' indeed are so over hyped. I watched all those TH-cam 'what to buy for babies' and bought lots of stuff that my baby isnt using. Currently decluttering alot of stuff
So much good stuff in just 8 minutes!
Keeping birthday/holiday gifts small, second hand clothes and teaching kids the reality of money at a young age can help keep costs down.
Just had our 6th baby as we downsized home to 1100 sq. ft. We used to have a large house, but I found the more kids we had, the less time we had to clean and maintain the stuff. So we decluttered like crazy and got a smaller space. Also have about 1/10th of the supplies we "needed" for our first baby😆
I would love to hear what you actually use. Any advice at all would help. Anything ya got!
We are waiting and delaying fertility treatments because we fear the cost of childcare and cannot afford to stay home. Parenthood has become a dream to us. Our hearts ache.
Congratulations and well wishes to you both.
Yeah just because people have an average in America that children cost doesn't mean that that's how much it's going to cost for you! And your point here is exactly right! It's your own choices that matter
Let Dave the pretty little dresses as grandpa 😊
I just wanted to have a career going but once that was going I was thinking I should wait until I have a house and a massive amount of cash in the bank..... I don't think I'll ever be "ready" and I started to say I'd never have a child but I'm 30 now and I have really thought about this all wrong.
it depends on the person.
And people are so generous when it comes to babies and kids they are always passing things along like clothes and baby gear
I absolutely agree with everything thing y’all are saying!
What about the cost of childcare? This is was crushed most families.
We pay more in childcare for our 2 kids than we do our home mortgage. Childcare represents our largest budgeted expense per month. Creating a budget around child care costs is difficult and trying to save the Dave Ramsey way during this time of child care expenses is even harder.
Mark Smith I think the window is further out but I would somewhat agree. You never know what the future holds. My husband and I lost a our first baby. Born preterm at just under 5 months. Thankfully we have a beautiful 18 month old now and another on the way. But we shouldn't think we can wait forever and things will just work out. I'm almost 37.
Us too and that’s just for 1 child. Funny that these 2 did not mention this.
no, you must have you like and the chapter is finished.
Porche payment gets paid. Lol 😅
Check out cloth diapering and breastfeeding Rachel. It will save tons of $. My little one was potty trained at 11 months! Great discussion, and congrats to you both, mama and grandpa.
ellie simonyan remember to scrape the poo out with a butter knife and return it to the silverware drawer before washing them in your washing machine.
I wonder how much of the cost of a child is college?
Well considering it can cost anywhere from 10-50k to just have one. You are already a fifth of the way there and they just entered the world. I was blown away by those numbers for child birth
I would still rather take that $250K and visit the world versus raising someone who will tell me he/she hates me in 15 years.
laststop3h That does sound nice, but kids don't cost that much, and they will tell you they hate you much sooner than that. I love them anyway.
This is only something someone without children would say
Just to make sure I understand correctly you want to spend that money on yourself instead of on someone else, right?
I’d rather wait to have a child to give the child a better life
I always knew I could never afford a kid. Everyone says it doesn't take a million to raise a kid, TRUE...it takes a quarter million to raise a kid (Like what Dave said) The one thing parents are never, ever ready for is the financial implications. Why the divorce rate is over 50%. That is the reality check...cash it, deposit it or rip it up.
I'd rather rent nieces and nephews from my sisters.
Then return them.
Quickly.
Having kids is like being pecked to death by a duck.
BlackWorldTraveler except that last part I agree. Lol I can deal with other people's children but I don't want any of my own
Funny analogy!!
Coming from a mom of three... i literally laughed out loud! I agree 😂
2:05 some does some doesn´t. depends
I feel like dating Dave Ramseys' daughter would be a steambath as soon as she brought you home
out of touch with reality. 5 months pregnant. looking at daycare...$900 /mo. health insurance... $600/mo. it's not about the cute things. it's about necessary monthly expenses
Candice Johnson you know please take it from me. God can give you cheaper child care. I paid $800 a month (on a discount) for my 1st son 10 years ago & with my 2nd son I was blessed to get the same childcare that my in-laws used but didn't tell me about with my 1st son & spent $400 a month to full on Christian preschool where my 2nd son is farther along than my 1st son was at 5 yrs. old now that he's in kindergarten. He is exceeding where he needs to be. Don't let your 1st child be like the Luv diaper commercials where you have to have this particular diaper, school, etc. (Not saying you r but I know it happens).
I prejudged the school thinking we'd get a better education b/c it wasn't in a particular place or look perfect but the teacher prepared him mentally, spiritually, & loved my son.
almmason7 god doesnt pay childcare bills.
Shortly after having my first child, I noticed the Bible had a different meening.
if big house than big house if small than small.
Think people are also scared of birth defects, I know was and that's the reason I may never have any more.
Ever heard of a second hand store, or dollar tree?
the way I see it, I have the rest of my life to make money. I don’t have the rest of my life to have children
she has the mark of her father.
I don't know about this advice
So an extra $600 a month for daycare is no big deal??
InDatParish It sure is! It amazes me how many other countries give stipends to help with these high costs. Not so in America.
@@TheEMC99 Here in Norway it cost half as much!
At the end of the day, if I'm not making over $100k a year, I'm not having kids.
Even at well over $100k, they are expensive.
Shoot 100k minimum
Rachel is riding her daddy’s coat tails.
Ok, but marry me, Rachel
jedem das seine.
You should absolutely be out of debt before you start breeding.