How much did you have in your savings before having/trying for a baby? Was it enough?

Question

Did you stop eating out as much years in advance? What's your stories!? We don't want a baby until probably 2 years from now but I'm just worried about saving and what not!

Answer

I didn’t specifically save for baby. I was always taught to have at least 6 months worth of money for bills saved up in case you lose your job. So I’ve always had that 🤷🏻‍♀️

Answer

We have saved about 20,000 in cash in the last 3 years  from my husbands commission, he sells furniture and is really good at it. I was also fortunate to have a dad who was seriously tight fisted with his money for as long as I can remember, we lived comfortably but frugally, mostly spending money on vacations. He just passed away last year leaving me a lot of money in addition to a home that I'll be moving into in a month or so. My dads inheritance is what I feel allowed my husband and I to move forward and conceive with baby number 6. Now we have enough money to continue to save as well as plan for college funds and feel confident that if any unfortunate emergencies occure we will be financially OK. Now with all that being said I had my first 3 kids living paycheck to paycheck with no savings lol, and we survived.

Answer

We didn’t save anything but wanted to make sure we both had jobs ( already did), that I could get insurance and that we could upgrade to a 2 bedroom apartment. We had 2 out of the 3 and Medicaid was open for all pregnant women so it was a go for us

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$5k to cover any unpaid maternity leave mostly.

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In the uk - will have about £11000-£12000 but the time baby is here - enough to cover bills/mortgage during maternity leave. Unfortunately by partner was made redundant right before COVID so going to have to make do with government mat pay for food/living during my time off 😪

Answer

We didn’t save for baby. There’s no “right time” to have a baby financially. There will always be reasons not to. But once you have one, you just kind of make it work. 
I mean ideally before having a baby it’s nice to be debt free and have a small emergency fund. But the day to day or week to week doesn’t honestly require a ton more money

Answer

It’s whatever you’re comfortable with. I know people who live paycheck to paycheck and have no savings and still have babies and all is fine! I personally would be stressed with no savings. This baby was planned and I have 6 months salary saved, but that’s not possible for everyone - or the pregnancy was a surprise. Just save money where you can and buy on sale along the way!

Answer

None. We had two surprise babies and weren’t prepared. I worked extra shifts to save for maternity leave and hospital bills when I was pregnant

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Nothing, just got things when I could whilst pregnant. (Same goes for all 3 pregnancies)

Answer

Nothing. We just slowly bought things along the way

How much did you have in your savings before having/trying for a baby? Was it enough?

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