One or two (finances, real estate, health)?

ckoel

New member
35F with 36M husband and almost 15 month old son. We rent a 2BR apartment in an NJ suburb close to where I work as a teacher. Husband is a senior software engineer who is currently laid off for the 3rd time in 3 years (yay startups). We are hoping he can land another remote position, as working remotely has been really helpful for childcare. We were able to keep our son home until he turned 13 months and now we pay $1750/mo for daycare (after a teacher discount). I like the daycare a lot.

I love being H’s mom but I also am (late diagnosed, high masking) autistic and have some chronic health issues that complicate things. H might be on the spectrum too but it’s too soon to tell. If my husband has to go back to work in person, I have to be OAD because I don’t think I can handle solo parenting regularly.

We were hoping to have one more child, but I wanted another year or two to give myself a chance to improve my health and fitness and to save money toward a house. I was told I had low AMH but was also able to get pregnant on the first try so I don’t know what to expect in terms of fertility. I’d be 36 or 37, which I think I’m okay with.

Within 45 mins commute of my school, a smallish home that doesn’t require major repairs, in a town with okay schools (4/10 on great schools, I’m not looking for miracles) is $500K+. Townhomes are $550K+. The monthly payment for that with current interest rates is around $5400. We could rent a home for $3000-$3500 but wouldn’t be able to save toward a home as quickly.

If we are OAD and my husband can get a job making his most recent salary, we should be able to adequately fund retirement, pay for daycare, and just barely afford that payment - no vacations or major repairs until daycare is done. (With two kids we’d be 43 at that time) We might not quite hit a total of 15% toward retirement but we could get close. We are behind in this area so we’d need to catch up at that point anyway.

In order to afford two kids we would have to downgrade daycares, and probably also hold off on funding retirement. This makes me nervous. I don’t think I can handle changing careers and also being a present parent and also prioritizing my physical health, plus I’m ok with my current job for at least the next ten years (and have job security that my husband lacks).

Do I silence the baby fever or try to make it work? (Either way we’d be waiting until this summer to TTC, maybe the following summer)
 
@ckoel Are you tied to NJ? We're from NJ but in the rust belt (Western PA) now and everything is tons easier. My family back in NJ has such a hard time getting the therapy they need. Here in PA it's covered for everyone regardless of income by the state. Between that and better healthcare, we're staying for a while.

We see my parents (my in-laws moved to TX) every other month. It's a 5.5 hour drive for us.
 
@ckoel It sounds like you answered yourself in your post. It reads like you’re going to make this work in spite of the financial sacrifice, but you need a year or two to get things figured out.

Also depending on the level of autism you think your kid might have… bringing your kid to therapy sessions or coordinating and doing therapy plans can be like a second job. Not to mention a possible increased level of difficulty in parenting. Another good reason to wait.
 
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