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The Financial Diet
8 Things To Know If You're Not Sure You Want Kids
8 Things To Know If You're Not Sure You Want Kids
The Financial Diet
·
28:15 · 24 thg 3, 2026
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0:00
Hello everyone.
0:01
My name is Holly Trantham.
0:02
I am TFD's creative director
0:04
and I am here popping out from behind the camera
0:06
as I do every once in a
0:08
while to talk to you about something
0:09
that we don't get into
0:10
that much here at TFD,
0:12
but I feel uniquely qualified to talk about
0:15
as one of our resident moms
0:17
and that is what it's like to actually have a child.
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But before I get into it,
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So based on the comments
1:38
and questions that we get from you guys
1:40
and from our recent survey responses from our audience,
1:43
I know that a lot of people watching this are on the fence about
1:46
whether or not they want children.
1:48
And I can tell you I was in exactly the same situation four
1:51
or five years ago.
1:52
If you had asked me if I wanted kids,
1:54
I would probably have said no.
1:55
But I never fully committed to the label of being child-free
1:59
because I was always open to the possibility
2:01
that I would change my mind.
2:02
And clearly, I did.
2:04
I now have the most beautiful, amazing,
2:06
perfect 6-month-old baby girl in the entire world.
2:08
And while I'm not going to get into all of the reasons
2:11
that I ultimately decided to have a child,
2:13
it ultimately boils down to
2:14
that this is an experience my husband
2:16
and I decided we wanted to take on together.
2:18
And I don't want to sway you in any direction,
2:21
but I do think there are some things everyone should know before having a
2:25
child about the realities of what it's actually like
2:27
that can hopefully help you make the right decision for yourself no matter
2:31
which direction of the fence you ultimately hop off of.
2:34
Note that I am mostly speaking to women here
2:36
and especially women with cis men partners
2:39
as that is my lived experience.
2:41
I'm also mainly going to be speaking to the experience of having a baby
2:44
rather than pregnancy and childbirth
2:46
because there is enough content out there about
2:49
that and I think it's very important to do all of the research you
2:52
can or want to about those things,
2:55
but ultimately, they are a lot more temporary than actually having a baby
3:00
and a growing child.
3:02
Also keep in mind, I only have a 6-month-old,
3:04
so I stand behind everything I'm saying here,
3:06
but maybe once I have a 2-year-old, a 5-year-old,
3:09
I'll do another video.
3:11
Okay, without further ado,
3:12
here are eight things I think everyone should know before deciding whether to have
3:16
a child.
3:17
Number one, feeling 100% ready is a myth.
3:20
The internet really loves to tell you, if it's not 100% yes,
3:24
it's a no on having children.
3:26
And while I appreciate and can get behind that sentiment,
3:29
I do think being 100% on any major life decision is kind of rare.
3:35
And maybe some people actually do feel this way,
3:38
but I do think that anybody who feels only positive feelings,
3:42
100% positive feelings about the idea of having a baby,
3:45
has not actually thought it through all the way
3:48
and may not actually be
3:49
as prepared for parenthood
3:51
as they think they are.
3:53
Of course, you want to be primarily excited about it,
3:56
but you should also be clear-eyed about what's going to be difficult about it
3:59
because there will be things
4:01
that will be hard.
4:02
And I think it's absolutely 100% normal
4:05
and understandable to have anxieties about what you're going to experience having a kid
4:10
you're taking care of.
4:11
I remember when I first had my baby, I was so excited,
4:14
but I did have this overwhelming anxiety at first about this being yet another
4:18
thing in life that you can fail at.
4:20
It's a big responsibility and it should be treated as such.
4:23
When I was still making my decision,
4:24
I personally spent a lot of time on the Regretful Parents subreddit,
4:28
I guess kind of as exposure therapy.
4:31
I still think it is worth perusing for anybody out there,
4:34
but I do think
4:35
that it does highlight a lot of the extremes
4:37
and I decided I was ultimately just looking at it
4:39
as a way to talk myself out of something
4:41
that I actually ultimately wanted.
4:43
Also, take selflessness out of the equation.
4:45
There are pretty much only selfish reasons to have a kid
4:49
and there's also a lot of selfish reasons to not have a kid.
4:52
It doesn't matter.
4:53
You are doing this for yourself.
4:54
Your selfishness or selflessness around
4:56
that reason is kind of neither here nor there unless you are purely having
5:01
a child to have a mini version of yourself,
5:04
which I think is misguided and ultimately bad.
5:08
The main thing you want to do is make sure
5:09
that you are having a kid for yourself
5:12
because that's something that you want,
5:14
not something to appease your husband or partner, your parents or family, or society,
5:18
or because it you feel like it's just the next thing
5:21
that you do in life.
5:22
But if your reservations are around whether
5:24
or not you think you would be a good parent,
5:26
I think that probably signals
5:27
that you are a conscientious person
5:29
and you probably would do a good job.
5:32
I also like the phrase it's not about making the right decision,
5:34
it's about making the decision right,
5:36
which our friend Erin Lowry referenced in our most recent season of Ask
5:39
and Answered.
5:40
You don't want to spend your life regretting your decision in either direction,
5:43
so being able to make a decision
5:45
and put yourself 100% behind it is the goal here.
5:48
But yes, the idea of regretting not having a kid is probably a lot
5:52
easier to stomach in the long run than the idea of regretting having one
5:56
because then at least it's not someone else's life that's impacted.
6:00
Number two, know that people generally talk in extremes about children
6:04
and the reality is usually somewhere in the middle.
6:07
People really like to say that not having children makes your life incomplete,
6:11
but on the other hand,
6:12
people tend to talk about having kids and parenthood as the worst,
6:15
most harrowing thing they've ever experienced or the hardest thing that they've ever experienced.
6:20
The one thing that I got hung up on a lot
6:21
when I was deciding whether
6:22
or not I wanted to have a kid was the concept of not being
6:25
able to sleep for 2 years plus.
6:27
People love to say, "Look forward to never sleeping again."
6:30
That is not true.
6:32
It is very much luck of the draw what your baby will be like.
6:36
Um yes, those first few months are tough,
6:38
but you can figure out sleeping especially
6:40
if you have a partner who's like in it with you,
6:42
you can figure out shifted sleep schedules.
6:45
If you don't have, you know,
6:47
an extra bedroom or the ability to put like an air mattress in your
6:50
nursery or something.
6:51
We actually, like right down here in my living room,
6:53
my couch is over there,
6:54
we had the bassinet over here for the first few weeks.
6:57
One of us would sleep on the couch,
6:59
the other one would be up in the bedroom for about 5 hours,
7:01
we'd swap.
7:02
We got a lot more sleep than a lot of early parents,
7:04
I'll just say that much.
7:05
Ultimately, eventually we were able to move
7:06
that setup into our guest room once we no longer had family staying with
7:09
us and that was the best decision I made early days.
7:13
Uh I give myself full credit for that.
7:16
Congrats to my husband for marrying me for that decision.
7:18
But yes, how well your baby sleeps is ultimately a lot of luck,
7:22
but there are a lot of things that you can do like sleep training,
7:25
which is a very controversial tool for some reason,
7:27
um that can help them get through the night
7:29
if that is your big anxiety,
7:30
which is what it was for me.
7:32
My husband actually put a ton of effort into setting our daughter up with
7:35
good sleep habits from the get-go,
7:37
so we didn't actually even do full like official sleep training.
7:40
We were just able to get to a place where she could sleep through
7:42
the night unassisted by like 3
7:45
and 1/2 months.
7:46
It was amazing.
7:47
And that's very lucky, I realize, but again,
7:49
there are a lot of things you can do to make
7:52
that easier on yourself.
7:53
That's not me trying to talk anybody into sleep training or anything.
7:55
That's just one of the many ways people like to scare new parents
7:59
or future parents about the idea of having a baby.
8:01
I do think you should go into it clear-eyed about what's going to be
8:04
difficult,
8:05
but some of those things are well overstated
8:08
or they're coming from people who just haven't put in the effort
8:12
and research into making it easier on themselves.
8:15
Number three, you will be able to return to yourself, but not reinvent yourself,
8:19
at least not right away.
8:20
Kids inherently take a lot of effort to manage
8:22
and I'm saying that
8:23
as someone with just one of them,
8:25
probably forever.
8:26
And for this reason,
8:26
I think it is extremely important to put a lot of effort into building
8:31
before you have a child
8:32
because that child is not going to complete you.
8:34
They are going to add layers of love to your life
8:37
that you will never have been able to experience before,
8:40
in my opinion.
8:41
But just like a romantic partner is not going to complete you,
8:43
a child is not going to complete you.
8:45
And I don't think it's a good idea for anyone to expect
8:47
that they will be completely fulfilled in every aspect of life by just having
8:52
a baby and having no other energy for other personal outlets
8:55
or a social life
8:56
because it's true that the number one thing
8:58
that you lose when you have a baby is your free time.
9:01
Even if you are thrilled to be spending your time taking care of your
9:04
baby and even if you have an equal partner,
9:06
you're going to have a lot less time to yourself
9:08
and you're going to start to crave to get some of
9:10
that back.
9:10
And I say this
9:11
as someone who surprisingly really loved taking care of a newborn a lot more
9:14
than I thought I would.
9:15
You're going to have to be more intentional with your time
9:17
and you're going to have to work harder at maintaining your identity outside of
9:21
motherhood.
9:22
That doesn't mean it's by any means impossible,
9:24
but there are going to be people in your life, especially older family members,
9:28
in my experience, who only see you as mom now.
9:31
You are going to go to the doctor.
9:32
It doesn't matter which doctor you're going to, they're going to call you mama.
9:34
You're going to walk into a restaurant,
9:36
there's going to be a really friendly server, he's going to ask you,
9:39
"What does mom want?"
9:40
It's just going to happen.
9:41
And all of that is going to be completely exacerbated by your social media.
9:44
So if you don't work at it,
9:46
you are just going to become mom
9:47
and that's not going to be fulfilling for most people.
9:50
But back to what I was saying about building a life you love before
9:53
having a baby,
9:54
it's going to be much easier to get back into your habits
9:57
and routines that you already had pre-baby than establishing completely new ones.
10:02
So, if you were already making time for your social life and your friends,
10:07
it's going to be a lot easier to continue making time for them once
10:10
you have a baby,
10:10
especially if you can incorporate the baby into some of those plans.
10:15
Not all of them, but some of them.
10:16
But if say you've been itching to get into a sport
10:19
or activity that you've never taken on before,
10:21
you're going to have very little energy to start something totally from scratch in
10:25
those early days and months of having a child.
10:29
Not only are you going to be healing,
10:30
but you're also just going to have so much less mental bandwidth for things,
10:34
and parenting a child is already a new skill you're building.
10:38
It's just not going to be the time to entirely start learning a new
10:40
language from scratch.
10:42
Especially if you have a partner who makes it easier to have
10:44
that time for yourself,
10:45
it's going to be a lot easier to hold onto an identity you already
10:48
established rather than trying to establish a whole new one now
10:52
that you have a baby.
10:53
Number four, who you have
10:54
as a partner is somehow even more important than you think it is.
10:58
It is so much harder to make time for yourself
11:00
if your partner is not pulling their weight
11:03
when it comes to parenting.
11:04
If you're entering into parenthood with a partner, how they take ownership of parenthood,
11:08
meaning whether or not they do,
11:10
is going to make a huge impact on your entire experience of it.
11:14
How many men have chosen to train for marathons
11:16
while their wives are actively pregnant
11:18
or in the middle of raising a newborn?
11:20
And even disregarding that kind of extreme example,
11:22
so many men enter into parenthood not realizing how much work it actually takes
11:27
and taking for granted the kinds of things women
11:29
and even their own mothers did by default
11:31
because they didn't have a good example of a father who was actually an
11:34
equal co-parent.
11:35
So many of them end up thinking they are doing an equal amount of
11:38
domestic labor when they are actually doing a lot less than
11:40
that.
11:41
And we've talked about domestic labor statistics here quite often,
11:44
but they never cease to shock me.
11:46
There are in fact a growing number of marriages
11:48
that are equal on paper in the terms of a husband
11:50
and wife making similar incomes.
11:52
However, housework is still not equally shared even in marriages where the woman is
11:56
the breadwinner.
11:57
She'll still do six more hours of domestic labor a week than her husband
12:00
on average.
12:01
In contrast, male breadwinners are spending nearly 15 hours less on housework than their
12:06
spouses.
12:07
And the only case in
12:08
which a wife does less work on average is
12:10
when she is the sole earner.
12:12
And even then, she will still be doing more housework per week than men
12:15
in every other household scenario.
12:18
So, back when I was pregnant,
12:18
I regularly attended prenatal yoga classes here where I live in Brooklyn.
12:23
Because I live in Brooklyn,
12:24
I met several women that were entering into parenthood completely on their own,
12:29
solo single motherhood by choice.
12:31
And now that I know what it's like to parent with an equitable partner,
12:34
I know that I would never have made that specific choice for myself,
12:38
but also through looking at my marriage compared to family members, friends,
12:42
people on the internet,
12:44
and women I have met through parenting groups here in my neighborhood,
12:47
I've gotten a glimpse of what it looks like to parent with an unequal
12:50
partner who does not take on their fair share of parenthood
12:54
or domestic labor responsibilities,
12:55
who does not take ownership of being a parent in the same way
12:58
that most mothers do.
12:59
And I would absolutely choose single motherhood by choice over parenting with one of
13:06
those dweebs.
13:07
I think it could very easily feel like more work to be constantly nagging
13:11
a man who is not pulling his weight than to simply just take care
13:14
of a baby all by yourself.
13:15
And I'm sure that many of these women have family members
13:18
or close friends or platonic partners
13:20
that are helping them
13:21
that honestly might be a one-to-one replacement for the amount of housework
13:24
that most men are taking on on average.
13:27
And I did make a whole video about how I knew my husband would
13:29
be a good parent,
13:30
but here are some things to ask yourself about your current partner
13:33
or a future prospective partner.
13:36
If you're planning on breastfeeding,
13:37
are you confident they are going to take care of everything else during
13:40
that time?
13:40
How are you scheduling sleep in those first few months?
13:43
If you're going through childbirth,
13:44
have you and your partner discussed how your sleep will need to be prioritized
13:47
during your recovery?
13:48
Have you had conversations about how much housework there is going to be with
13:52
a child in the mix?
13:53
A good place to start with this is the Fair Play card deck from
13:55
Eve Rodsky.
13:56
And have they taken a vested interest in owning a specific aspect of childcare?
14:00
Like I said, my husband was committed to establishing good sleep habits with our
14:04
baby from day one.
14:05
And that meant he was reading precious little sleep.
14:08
He was listening to the podcasts.
14:09
He was doing all of the work there.
14:11
I was not thinking about it.
14:12
I was just, you know, "Ooh, I hope she sleeps."
14:15
And now that I have several months of experiencing sharing these childcare tasks with
14:19
my husband,
14:20
I have a new take that I stand 100% behind.
14:23
And that is number five,
14:24
the biggest red flag is a partner who does not want to take parental
14:27
leave.
14:28
I know that parental leave is not guaranteed to everyone in this country,
14:31
or at least paid parental leave is not.
14:33
And I'm not necessarily saying
14:34
that anyone should take unpaid leave
14:36
if that's not really a financially feasible option,
14:39
but if your husband
14:40
or partner has parental leave available to him
14:43
and he doesn't want to take it
14:44
or doesn't want to take all of it,
14:46
that's a huge red flag.
14:47
When I shared that video about how I knew my husband was going to
14:50
be a good parent,
14:50
I got a lot of well-meaning but ultimately condescending comments,
14:55
uh a couple of emails even, saying,
14:57
"Just you wait till the baby's here
14:58
and things are going to change cuz men are men."
15:01
Part of me wants to be petty and be like,
15:03
"Let me show you how you are all proven wrong."
15:06
And you know, take that and everything.
15:08
I ultimately want to talk about the reason I think
15:10
that we are set up to be equal parents now
15:14
and going forward.
15:15
And that is because we took the same amount of leave at the same
15:18
time.
15:19
Now, I'll preface this by saying that we live in New York State.
15:22
We are very lucky to have government-backed 12 weeks of paid parental leave,
15:26
and we both took a couple of extra weeks on top of
15:29
that of leftover PTO.
15:30
So, we both took 14 weeks total.
15:33
I actually took 15 weeks, but I took a week off before she arrived.
15:36
So, we were each fully there for the first three plus months of our
15:39
baby's life.
15:40
I know that that is not available to everyone,
15:42
even though it seems like
15:43
that was already such a crazy short amount of time,
15:46
especially compared to what other developed countries get for paid parental leave,
15:49
but I digress.
15:50
I firmly believe that taking this time established a clear equitable baseline for both
15:54
of us as parents.
15:55
For instance, I ultimately ended up exclusively pumping for about four months.
15:59
RIP that journey.
16:00
I don't miss it at all.
16:01
And I can't imagine going through that,
16:03
going through breastfeeding without having my husband here to manage basically everything else.
16:08
It was kind of a full-time job,
16:09
especially in that first month or two,
16:11
and you don't realize just how exhausting it's going to be.
16:13
For me, it was better than being pregnant,
16:15
but healing and pumping was still just
16:18
so draining on top of also not being able to sleep eight hours a
16:22
night or be in your regular self-care routines
16:26
that you were pre-baby.
16:27
Having him there was crucial for me to be able to rest
16:30
and recover like I needed to,
16:31
and also just made him feel as responsible for this baby as I was.
16:35
Yet so many men do not take significant parental leave even
16:39
if they have it available to them.
16:40
A 2016 study of more than 1,500 US employers found
16:43
that more than 80% of those offering paid family leave reported a positive impact
16:47
on employee morale.
16:48
And more than 70% reported an increase in employee productivity.
16:51
Another study published in 2019 found
16:54
that US companies in tech
16:55
and manufacturing saw improved revenue
16:57
and profits over the years in
16:58
which they expanded or began offering paid leave benefits.
17:01
Despite all of this,
17:02
the cultural stigma associated with paternity leave still seems to be offsetting the compelling
17:07
arguments for taking it.
17:08
A report from McKinsey & Company and MomsFirst, a gender equality nonprofit,
17:12
noted that dads in New York are forgoing
17:14
as much as $1.6 billion in state-guaranteed parental benefits by not taking leave.
17:20
In 2021, an academic paper found
17:22
that US fathers who do take parental leave typically take a week
17:26
or less.
17:26
According to that paper,
17:28
just 14% of fathers who take leave
17:30
and less than 5% of all fathers take more than two weeks,
17:33
even when they can.
17:35
My own husband had a lot of anxiety about taking his full leave
17:38
because he was the first man in his department to do it.
17:41
I know men personally who seem like wonderful equitable feminist partners,
17:45
and they still don't feel the need to take their full leave available
17:48
because their wife is taking it.
17:50
And in some ways they feel more obligated to their team at work than
17:53
they do to their new family.
17:55
And it's not talked about that much,
17:56
but having a non-equal co-parent can actually contribute to postpartum depression.
18:01
According to a study from Tokyo Medical and Dental University,
18:04
mothers that do not have social support from either a partner
18:07
or others showed higher risk of PPD.
18:09
That is, times more likely to have PPD.
18:12
Obviously, if your husband just doesn't have leave available to him, that's one thing.
18:17
But if he does and he doesn't see the point in him taking it,
18:20
I don't understand what his concept of parenthood is.
18:24
Number six, it is expensive to have a kid,
18:26
but not in all of the ways that you think.
18:28
So, financially preparing for a child does not mean you have to reach a
18:31
certain income level or a certain amount in savings before you are ready to
18:34
have one.
18:35
And I don't think
18:35
that only people who can afford to have kids should have them.
18:39
All kinds of loving homes exist,
18:41
and what feels affordable to one person might look totally different to another.
18:45
The most important thing is you are able to provide for your child's needs
18:48
and give them love
18:49
and support and attention.
18:51
But prioritizing their needs
18:52
and loving them does not mean giving them every single brand new toy,
18:56
all of the millennial pink contraptions
18:58
that we see targeted to parents
18:59
as necessary for their development,
19:01
or new clothes every month.
19:03
The truth is there are
19:04
so many ways to make having a new child a lot more affordable.
19:07
I've gotten a lot of baby clothes from hand-me-downs or swap meets,
19:11
and I have mostly bought my daughter second-hand clothing from the consignment shop.
19:14
And if you know other people with babies or can join certain parent groups,
19:18
you could probably clothe them for at least the first three months without ever
19:21
spending anything on clothing.
19:22
Maybe baby socks because there aren't really a lot of good used baby socks
19:26
out there,
19:26
but for the most part.
19:27
You can also get essentials off of Facebook Marketplace
19:30
or through your local Buy Nothing groups.
19:32
That's how I found our high chair and our bassinet attachment for the stroller.
19:36
You can swap babysitting nights with a parent friend
19:38
so that you each get a night off without having to pay a babysitter.
19:41
You can utilize the library for children's programming or renting books or even toys.
19:46
Or you can get a membership to a place like Costco
19:48
that makes it a lot more affordable to stock up on diapers,
19:50
wipes, formula.
19:51
Those day-to-day expenses are actually pretty simple to find affordable swaps for.
19:55
It is the bigger expenses
19:56
that come with having a kid
19:58
that are a lot more taxing.
20:00
So, we're talking child care, we're talking health care costs,
20:02
especially if you don't have very good insurance,
20:04
and we're talking long-term savings like putting money away in their 529
20:08
or other long-term accounts for your child.
20:10
I don't want to overly downplay the impact
20:12
that having a child can have on everyday costs,
20:15
but again, those things are just a lot easier to make work
20:18
if you are currently getting by just fine.
20:20
Fitting in a child is often just a matter of shifting your priorities,
20:23
which I'll get to in a bit.
20:24
Whereas, if you're already stressed about money on a daily basis,
20:27
having a kid is just going to amplify that stress further.
20:30
And child care in particular is one major expense
20:32
that can make or break families financially.
20:34
According to the Center for American Progress,
20:36
among impoverished families who have children under age 6
20:39
and who pay for child care,
20:41
35% were pushed into poverty by these expenses,
20:44
totaling about 134,000 families per year.
20:47
Each year, an average of around 446,000 middle-class families are pushed into a lower
20:52
income quintile by child care costs.
20:54
The Child Care for Working Families Act could significantly reduce
20:57
or eliminate these costs for the large majority of low-
21:00
and middle-income families and could cut the median cost of care
21:02
that families pay annually by 2/3,
21:05
from roughly $7,500 to $2,500.
21:08
Again, many people could just figure out the day-to-day costs of having kids,
21:12
especially once you get the hang of budgeting for yourself.
21:14
But large expenses like child care are not something you should leave up to
21:17
just going with the flow.
21:19
So, of course, not being able to afford does not necessarily mean you shouldn't
21:23
have kids.
21:24
If you have always wanted to be a stay-at-home parent
21:25
and that is something
21:26
that you can figure out with your partner,
21:28
that might be a feasible option for you.
21:30
There are some things to consider when it comes to returning to the workplace,
21:33
but I've actually read recently
21:35
that when a gap in a resume is explained by parenthood,
21:38
it makes a less significant impact than a gaps explained by other reasons.
21:42
I also know a lot of people who made it work for a few
21:45
years while they were working remotely
21:47
and taking care of their kid.
21:48
I don't know if I could personally do that,
21:50
especially with the type of job I have,
21:51
but if you have a really flexible job, that might be possible.
21:54
I think it would add a layer of stress, but again,
21:56
people have done it.
21:57
But that kind of flexibility is a privilege.
21:59
I ultimately knew myself well enough to know
22:01
that I never wanted to be a fully stay-at-home parent,
22:04
neither did my husband.
22:05
Although, after going through leave,
22:06
I think he probably would feel like he was thriving.
22:09
Mostly because I didn't want to give up
22:10
that lost income and
22:11
that amount of time.
22:12
I can't speak to the long-term impact of trying to balance child care
22:15
and work life because we prioritized being able to pay for child care from
22:20
the get-go.
22:20
We put my daughter into what I can confidently say is a high-quality daycare
22:24
center from 5 months,
22:26
and it has been a total game-changer in my energy levels
22:28
and ability to be present for my baby.
22:30
It's ultimately worth the cost for us
22:32
because our incomes exceed what we would pay a nanny
22:35
or for daycare.
22:36
But that's going to be a personal decision
22:38
and also a matter of where you live
22:40
and what your job life looks like.
22:41
Again, there are other big costs that are also pretty concerning,
22:44
like putting money away for your kids' future college expenses.
22:47
There's an account called a 529 for this, and according to Vanguard,
22:50
you'd have to save about $570 a month in
22:53
that kind of account starting at age zero in order to save $200,000 by
22:57
the time your kid is in college.
22:59
And that's a really big number to think about.
23:01
But we also have to remember it is optional.
23:03
If you don't like the idea of having a kid
23:05
and not being able to pay for their college expenses,
23:08
I guess that's something to consider.
23:09
You can also start a lot smaller
23:11
because anything you contribute to their future is better than nothing,
23:14
and you can always start small and increase your contributions over time.
23:17
Parenthood looks a lot of different ways for a lot of people.
23:20
There are a lot of costs associated with it,
23:22
I don't want to downplay that.
23:23
But I do think some people beyond a certain income level could just figure
23:27
it out,
23:28
and if you're weighing the costs of what you're going to give up in
23:30
order to have that kid
23:32
and it's not worth it,
23:33
then that might be your answer.
23:34
Ultimately, I do think there are a few things anyone can do to better
23:37
financially prepare for a child.
23:39
So, look at the average cost of child care in your area.
23:42
We started saving as soon as we knew I was pregnant,
23:44
and if you can get even just a few months ahead of the game
23:47
there,
23:47
that might make a really big difference.
23:49
Get term life insurance, that is super important.
23:51
The younger and the healthier you are,
23:53
the more affordable it's generally going to be,
23:55
and you want to lock in a good rate to make sure
23:57
that your family is taken care of should the worst happen to you.
23:59
Thirdly here, remember that taking care of yourself is taking care of your child.
24:03
So, the last thing you want to sacrifice is things like your 401k
24:07
or any kind of long-term future planning.
24:09
That's going to make it easier for you to retire
24:11
and your kid not to have to,
24:13
at least financially, take care of you.
24:15
Also, come up with a savings plan that works for you.
24:17
For our kids' 529, we contribute a little bit every month,
24:20
but we also take windfalls, such as our tax refund,
24:23
and put that away in that account.
24:25
Of course, when it comes to your day-to-day spending,
24:26
this is a huge life change, which brings me to number seven.
24:30
Your priorities are going to change and you need to be okay with that.
24:33
And if you're not okay with that,
24:34
that might tell you what you need to know about whether
24:35
or not you want a kid.
24:36
The most underrated skill a new parent can have, according to me, is flexibility.
24:41
And I'm talking mentally and emotionally, not physically,
24:44
though you do bend over your baby a lot, that can certainly help.
24:47
I knew I would have a lot less time for my interests once I
24:49
had a baby.
24:50
But I also didn't know
24:51
that I would actually care a lot less about some of those things.
24:55
I spent a lot of time
24:56
when I was thinking about having a kid
24:58
and then pregnant,
24:59
grieving that we would not be able to have the vacations
25:02
that we have been able to take the last few years once we had
25:04
a kid,
25:05
both logistically and financially.
25:07
But now that I have my child,
25:09
I don't feel nearly as antsy to travel the way that we used to.
25:12
It's not that it's not important to me,
25:13
it's just that even the small moments at home are
25:17
so much more magical than they were before,
25:19
unless we're cheating.
25:21
Life is short actually has an entirely new meaning to me now.
25:23
Yes, life is short, to me that means you don't have to rush things.
25:26
Time moves so fast,
25:28
I cannot believe I have a 6-month-old who's twice
25:31
as big as she was
25:32
when she came out,
25:32
you know, 8 and 1/2 lbs.
25:34
I'm so hyper aware of how fast time is moving,
25:36
so even if it takes a few years for me to get back into
25:39
my climbing routine that I was in before baby
25:42
or take a hiking trip the way
25:43
that I used to,
25:44
it's okay cuz I know those years are going to completely fly by.
25:47
But you don't really know how you're going to feel about those priority shifts
25:50
until you're in it.
25:51
I had ultimately accepted the fact
25:53
that this was a trade-off I was going to make in order to have
25:55
a kid,
25:55
and I was more excited to have a baby than I was sad about
25:59
traveling less.
26:00
And some people do make traveling with a baby work, uh kudos to them,
26:04
blessings.
26:05
Your plans and your spending are going to change a lot in ways
26:09
that you do and don't anticipate.
26:10
Finally, number eight, having a kid can be the best thing in the world
26:14
as long as you have the right mindset about it.
26:16
I often see people sharing memes like, "Oh,
26:18
I can't imagine reading the news
26:20
and dealing with life
26:21
and then coming home
26:22
and having to deal with a baby."
26:24
I don't relate to that.
26:25
Coming home to my baby after having a difficult day
26:27
or seeing something difficult in the news is the best part of my day.
26:30
But I also put in a lot of work knowing
26:32
that there were going to be hard parts
26:34
and anticipating and planning for those things
26:36
that were going to be difficult.
26:38
And having a plan in place for how our finances would change,
26:42
how our time would look different,
26:44
how my husband and I were going to be splitting child care tasks,
26:46
means that those things I'm able to take care of
26:48
so I can enjoy the fun moments more.
26:51
Remember also that you are not just preparing to have a baby.
26:54
It is depressingly short how long the period of having a baby is.
26:58
I mean, it's not depressing
26:59
because I'm very excited to have a toddler
27:01
and an older kid,
27:01
too, but it is just like, "Ugh."
27:03
Life, it just flies right by.
27:05
Loving babies is not a good reason to have a baby.
27:08
It's a good reason to volunteer with or work with babies.
27:10
The baby phase is so short, it's going to fly by so much.
27:13
Make sure you are prepared for having an older child
27:16
and then ultimately an adult child
27:18
and all of the wonderful things
27:20
that that's going to bring with it,
27:21
too.
27:21
But also, all of the baggage that that's going to bring with it, too.
27:24
I can't speak for everyone,
27:25
but having a baby has made me both angrier at the world
27:28
and feel like it's more beautiful than I have ever experienced it before.
27:32
It's difficult, for sure,
27:33
but it's ultimately something I decided to do
27:35
because I thought the meaning I would take from it would outweigh
27:38
that difficulty.
27:39
You can't plan for the joy
27:40
that comes from seeing your baby have a laughing fit for the first time.
27:44
I can't explain what that feels like.
27:46
But you can prepare to make sure
27:48
that you are in a place to actually enjoy
27:50
that moment and embrace it fully.
27:53
Anyway, as I said,
27:54
I'm not trying to sway anyone in either direction with this video,
27:57
I just want to share a lot of things
27:59
that I think should be thought of more before you decide to have a
28:02
child.
28:03
Thank you so much for watching.
28:04
I'll see you around.
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