Whether you and your spouse are beginning to look at children with gooey eyes, or the test you used this morning turned pink, it is important to consider whether or not you are actually ready for kids, if you do want them. Being ready for children goes beyond being emotionally prepared to love another person. There are many factors involved that can sway your decisions and emotions. After all, this is one of the biggest decisions of your life and you definitely want things to go as planned. Here are a few things to consider when gauging whether or not you are ready to have children:
1. Your earning, spending, and saving power
Being pregnant is hard, and it’s not just because you’re growing a human being inside you. You need to be aware of all the medical expenses you’ll incur, and not just during labour when you get yourself admitted into a hospital. Ensuring that your baby is healthy includes a myriad of tests and medicines and they can take a financial toll on you. From regular visits to your OBGYN to miscellaneous visits to doctors as the pregnancy begins to take its toll on your body, you are in for a lot of expenses. Being prepared for these is the first step in knowing whether or not you are ready to welcome a child. Furthermore, if you are unable to save money during your pregnancy, then it’s a warning sign that your financial situation needs to improve. Once the baby comes, the expenses will only double!
2. Your ability to plan ahead
Being a parent requires foresight and the ability to multitask. You may find yourself finishing off that important assignment from work, changing a dirty diaper, and heating up baby formula all in one hour, and then spending another series of hectic hours ahead. Planning ahead isn’t just about the way you allocate your chores throughout the day – you’ve got to be able to plan for life. Being able to send your child to a school of your choice, ensuring financial stability as your child grows, and planning for any situation is important. One way to save money for the future of your family is to invest in ULIPs, which offer the benefits of insurance and investment in the same premium.
3. Your career and life goals
Often, we set out specific life and career goals for ourselves. We are prone to thinking ahead in chunks of time and envision certain achievements for ourselves by the time we hit a specific age. Whether you’re dreaming of that corner office in your building, or starting your own business, you need to make sure that these plans align with having a child. If you cannot afford to realize your dreams and raise a child at the same time, then you are probably not ready for the responsibility. You can either consider planning for a child in the future, or shifting your other goals or plans to a later date, depending on which is more convenient to you. There are no right or wrong ways to do so. If having a child immediately makes you much happier than starting your business right now, then go for it!
4. Your emotional state
Finally, finances aside, having a child is a huge emotional investment and responsibility. If you are simply not prepared to put in the time needed to care for your child, or cannot fathom having such a huge change in your lifestyle at this point, it is important to evaluate whether or not you should have a child right now. A child that is not 100% wanted is a child that is not 100% happy.
Ensure that you can be your best and provide your best for your kid is one way to give your child a great childhood. It’s certainly a decision that deserves its fair share of pondering over.