is 16 too young?

my boyfriend and i are both virgins and both 16. we have talked about having sex soon and if we were both ready to do so. i've already dug deep in researching about safe sex, birth control and etc. i do feel like i'm ready and i understand what to do to prevent myself from becoming pregnant and from STD's. i've heard many stories of women losing their virginity young, even younger than 16, with good and bad experiences. a lot of them wished they waited and felt pressured but i don't feel pressured at all and feel ready. i understand i'm not financially stable to raise a child but i will be on the pill and we will use condoms. i just want some opinions and tips please! thank you.

i'm just asking for a little help from the experienced hahaha please don't be rude❤️