Having a baby is an exciting adventure. There are all kinds of firsts to experience – the first smile, first words, first tooth, first steps, and so much more. Some parents feel their family is complete after one. Many other parents, however, want to have at least one more. Deciding when to have another baby, however, can be a bit difficult. Here are a few questions for you and your partner to ask yourselves to help you decide if now is the right time.
5 Questions To Ask Before Having Another Baby:
1. Can You Afford Another Baby?
The cost of raising children rises every year. Between diapers, food, clothing, childcare, toys, medical expenses, and more, it certainly isn’t cheap. The costs can add up quickly, especially if you’re running on tight margins as it is. If you’re considering another baby, you and your spouse need to go over your financial situation. Write down your monthly net income and your gross income. If you’re wondering, “what does gross income mean as opposed to net income,” your gross is the amount you make before taxes and other withholdings.
Once you have your monthly income, subtract your monthly expenses to see where you sit. While finances alone shouldn’t be the deciding factor, this information can help you to determine if you should wait a little longer to save up a bit.
2. Do You Have Space in Your Home?
Another baby will require extra space in your home. Do you have a free room for the baby to sleep? Is there enough space for a crib, toys, clothes, and storage? If your current residence isn’t large enough to accommodate another person, you may want to wait until you’ve moved to a bigger home before you add another family member.
3. How Does Your Child Feel About Having a Sibling?
If your first child is old enough, ask how they feel about adding another child. After all, it’s not just you and your partner’s lives that will be affected by the new addition. Your first child’s life will change forever, too.