Affordability discussion (split from Iran thread)

#176
#176
hog88 said:
No, I absolutely do not want to talk to your wife about money or kids. I don't like talking to my own wife about either subject.

My point was that you can afford a kid, you would just have to adjust your lifestyle. I've got several friends that waited until their 30s to have kids, I've seen some of the advantages. While we were pinching pennies and dealing with ankle biters they were out doing stuff 20somethings do. But now that ours are grown and we do have disposable income, can come and go as we please while they are raising kids. I don't regret our little accidents happening young, I do like being young enough to enjoy their little disease carrying puss bags while having the freedom to do chit I didn't have the money to do in my 20s even if I didn't have kids.
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Can relate to this. Had my son when I was about 26. Officially became empty nesters this past year at 47 y/o. My sisters all had kids closer to 40. I can't imagine dealing with all that kid energy at my current age. But to each their own.
 
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#177
#177
marcusluvsvols said:
Thats a BIG "generation" of 20 years right? Which seems right. 20years is about how long it takes people to reproduce. That makes sense. Neither of my parents are alive anymore sadly.

I am 49 though very soon anyway and Genx on the younger end from what I understand. My wife is born in 82 and a very old millennial. I think. Then theres GenZ, GenY, and maybe even another one? Doesn't seem like it should be possible for there to be 3 generations minimum between me (1977) and today and im not 50 yet. Either "generations" are getting shorter or I really need some caffeine, or both 😆 Guess I need to learn more about "generations".
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My brother was born in '47, my sister in '50, and me in '63. We're all boomers from extreme sides of the spectrum. Got exposed to some great music at a very early age
 
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#178
#178
hog88 said:
No, I absolutely do not want to talk to your wife about money or kids. I don't like talking to my own wife about either subject.

My point was that you can afford a kid, you would just have to adjust your lifestyle. I've got several friends that waited until their 30s to have kids, I've seen some of the advantages. While we were pinching pennies and dealing with ankle biters they were out doing stuff 20somethings do. But now that ours are grown and we do have disposable income, can come and go as we please while they are raising kids. I don't regret our little accidents happening young, I do like being young enough to enjoy their little disease carrying puss bags while having the freedom to do chit I didn't have the money to do in my 20s even if I didn't have kids.
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The love and affection you have for your children is inspiring.
 
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#180
#180
Gen X here. Thought I would join the convo.

We have planned well and make good financial decisions. Mostly because my wife is a financial planner.

We plan to help our 2 children get a decent start. Not planning to give them a house or anything like that. But I will definitely help with down payment or something like that.
 
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#187
#187
Smokey123 said:
I wonder what their methodology is. I’m guessing the 50/30/20 and then took the average rent price
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I wonder too. Looking at mine as a guide: income is usually 800 per week +/-. Rent "sweet spot" range is between $1000 to $1800. there are places available above 1800 and they rent but the market looking at those is much smaller.

eta; just about everyone has some ancillary income like disability, child support, or welfare benefits.
 
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#188
#188
Jxn Vol said:
Gen X here. Thought I would join the convo.

We have planned well and make good financial decisions. Mostly because my wife is a financial planner.

We plan to help our 2 children get a decent start. Not planning to give them a house or anything like that. But I will definitely help with down payment or something like that.
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Good for you and your wife. That’s fantastic.

We are doing our best to instill in our girls a strong work ethic, respect for the value of money, and understanding that nothing is free in this world.

The 9 year old has to “pay” for the inputs for any lemonade stand activities, we set pricing, and then calculate profits (it’s fun). Proceeds are then split between savings and something fun.
The 6 year old collects cans. She likes to crush them, but definitely understands she can get money for them.

That being said…. We will absolutely afford them every opportunity/boost/leg up/advantage/head-start we can. And won’t feel the least be guilty about doing so.
 
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#190
#190
McDad said:
I wonder too. Looking at mine as a guide: income is usually 800 per week +/-. Rent "sweet spot" range is between $1000 to $1800. there are places available above 1800 and they rent but the market looking at those is much smaller.

eta; just about everyone has some ancillary income like disability, child support, or welfare benefits.
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I paint and renovate apartments along the gulf coast and it’s incredible how much rent prices have gone up since covid and that’s with them dropping the past couple years from their peak

 
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#192
#192
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#193
#193

"It’s a reversal for Trump, who began 2026 by pressing Congress to codify a provision to ban institutional investors from buying single-family homes — then last week told House Republicans gathered for their retreat in Florida that nobody cares about housing issues."

"Fueling voter discontent is a housing market in which the average age of a first-time homebuyer is at a record high of 40. "
 
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#194
#194
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#196
#196
LouderVol said:
you want to come talk to my wife about all the stuff we can't afford if we have kids? - tongue in cheek

I am not that conservative about money, my new BIL wants a million dollar in "liquid" assets before he has kids. My dad was 35 when I was born, 41 when the youngest was born. I am not going to be far behind him.
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Don't worry about the things you can't afford when you have kids, you won't have time to do those things.
And don't wait so long to have kids that you miss the real joy in life, grandkids........
 
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#198
#198
Wireless1 said:
Don't worry about the things you can't afford when you have kids, you won't have time to do those things.
And don't wait so long to have kids that you miss the real joy in life, grandkids........
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Ah yes the kids that actually get spoiled and let their parents deal with the ramifications
 
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