re: Break it down - your finances

Having the house is the biggest thing about having kids to me. We have the space where we are to have another kid. We've got the flexibility and savings that if a financial emergency happened, we could swing it. We aren't "scraping by" while taking care of a kid (not that there's anything wrong with it). Otherwise, it's not that expensive to have a kid. Not much to get financially "ready" for. Just have the overall feeling that you need to be more prepared and financially responsible in case SHTF. You have a family to take care of now.