family

Ask Grace Pomroy: How Do I Prepare Financially to Have Kids?

Ask Grace Pomroy: How Do I Prepare Financially to Have Kids?

I’ve heard this question countless times over the last year or so and to be honest, I’ve been nervous to respond because my husband and I don’t have children. So I decided to ask some friends who are parents for their perspective.

One of the things I heard loud and clear: Kids are EXPENSIVE! If you wait to have kids until you can cover every conceivable expense, you will never have them. That being said, if having kids is a high priority for you, it is worth every penny. My friend Jillian put it perfectly: “Having a child is definitely more expensive than I had planned for; however, it is also way more amazing than I ever thought it would be. Being a mama is truly the most incredible experience I have ever had and I wouldn't trade it for anything.”