Is This Enough?

Question

*I posted in the wrong room the first time. 🤦🏻‍♀️ So I just took screenshots to repost.

Answer

This is so relative. When I read your total income my first thought was Im surprised that two people and a child could live off of that, because we certainly could not in the city that we live in. So really it all comes to down to how you live, how you spend, what you’d be comfortable with cutting out if push came to shove and that’s all that really matters. If it works for you and you think you could do it then do it.

Answer

In my personal opinion, no. That’s not enough money at all. 
What if you couldn’t breastfeed? 
What if you had car emergencies? 
$450 is not enough money at all in my opinion. You need to have money in case of emergencies and unexpected bills.

Answer

The way I think about things is very glass half full mentality. Say where your finances are now, hopefully they will only increase from here right? Now that doesn’t always happen but two motivated and willing people can often make that a reality. So even though 450$ extra isn’t that much extra by looking at it that way it’ll only increase with time as you advance in careers and make moves that benefit your family financially. And if it were to increase you would kick yourselves forever for not bearing through the low finances for another child. Only live once and what counts is the family and love around you ❤️ I do agree that there should be money put aside for savings and emergencies but if that is already happening in your budget then it sounds like you have your bases covered.

Answer

Sure there's leftover money each month that could be put toward a new baby, but whether it's "enough" or not I think depends more on what you and your husband are comfortable with (e.g. whether you're fine with living without much financial wiggle room monthly). For my husband and I, for example, we would not be comfortable with having another baby if our monthly financial leftover was at or anywhere close to $0.

Answer

Are you also able to also put money in savings for retirement and emergencies?

Answer

Your monthly bills equal more than our family gets in a month, if you want to cut down on spending i'd suggest looking around for ways to lower those costs. But yes in my experience that's more than enough. We tend to have about $300 a month after bills and we do just fine 😊

Is This Enough?

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