Here's the situation. We want to try for another kid. We wanted our 2 kids to be pretty close in age. We wanted ideally to start trying asap. We have a lot of debt and things we need to get done in the house. Our current plan is to save and reno the bathroom (it NEEDS it, there's mold). Then save for a $6000 minimum as an emergency fund for while on mat leave,b ut we shouldn't need to touch it unless something HUGE comes up. We can handle a $500 per month set back, without dipping into the EF. We'll be continuing to pay off our debt while saving and renoing, it'll just slow down for the time being. About half or just over half of our debt would be paid off before baby would be due in February IF we chose to start ttc in May/June, AND IF we got pregnant right away (and we plan on just not preventing it, so it could take a while). While on mat leave, we can still make debt payments, about 4-5x higher than the minimum payment.
So, would you suggest that we go ahead and start ttc (well, not preventing) in May and carry some debt while I"m on mat leave taht we'll just continue paying off for a little while longer?
OR should we wait to ttc until the debt would be totally paid off before baby would arrive (if we choose that route, our first child will be another year older, and the age gap we wanted would be bigger than ideal for us).
T hank you so much!
So, would you suggest that we go ahead and start ttc (well, not preventing) in May and carry some debt while I"m on mat leave taht we'll just continue paying off for a little while longer?
OR should we wait to ttc until the debt would be totally paid off before baby would arrive (if we choose that route, our first child will be another year older, and the age gap we wanted would be bigger than ideal for us).
T hank you so much!