Taking Out Loans To Have A Baby? Is It Cheaper To Start A Family Sooner Than Later?

May 16, 2015  |  

It’s pretty safe to say that most women have envisioned their lives and how they want them to go. We graduate from school, land a nice job, meet someone great and start a family. Granted some people just aren’t interested in marriage or children, I think the majority of us probably are.

No matter how much we dream up a perfect life, things don’t always go according to plan.

Whether you don’t find the perfect mate right away or want to focus on your career, the concept of “delayed childbearing” is on the rise. The Wall Street Journal points out that more women are entering the workforce which could very likely play a factor when it comes to having children. Some don’t want to slow down and have different reasons for not doing so.

For starters, the cost of raising a family is a small fortune with estimates floating around the $250,000 mark. The delay of having children would give parents more time to find and establish themselves in lucrative positions that would help curtail expenses. Many of us struggle for a period after college and don’t want our children to experience the setbacks we did growing up.

Millennial women in particular are saying “not now” to children for economic reasons. As the slowest generation in U.S. history to have babies, motherhood isn’t a reality for many who struggle to find a decent job and pay bills.

If for whatever reason you decide to have children later in life, just know it could cost you. With a sevenfold increase in fertility treatments, many couples find themselves relying on expensive services to have a child. It’s a $3.5 billion industry with individual treatments averaging between $15,000 and $20,000. And that doesn’t guarantee it will work. Needless to say folks are taking out personal loans in order to realize the dream of children.

Unfortunately couples who find themselves on this path have to pay for everything out of pocket as most insurance providers don’t cover costs. As you might’ve guessed, people don’t have that kind kind of cash sitting around, especially if and when you need multiple sessions.

This should in no way scare any women who make the decision to wait on kids, but does deserve a mention when you consider close to seven million Americans will experience infertility issues this year. Whether you bust them out earlier or later in life, there are pros and cons to either choice.

I was fortunate enough to have met my husband at age 23, and while we took our time to develop our love and careers, we got married five years later. At age 29 I was pregnant with our first child and with birthday number 31 happening in a few months, I’m weeks away from giving birth to our second child.

Some of our friends are having children right now and others have decided to hold off for the time being. At the end of the day, you have to do what’s best for you and your situation.

While infertility is a real factor and can increase as you get older, that doesn’t mean you’re automatically going to have problems in the baby making department. A couple people I know had no issues popping out a child or two in their late 30s and even early 40s. Heck there are 20-year-olds who struggle with conception. Everyone is different.

Do you think it’s better to have children earlier in life, or wait and possibly take a chance needing infertility treatments?

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