If you wait until you are financially okay to conceive a baby, chances are there will be no such thing as a “right” timing. Be frank about how much you earn and how much you spend as a couple. Then look into ways to manage your budget. You may be surprised how much you can save by working together with your spouse to contribute to the family fund.
Here are some helpful tips:
• Keep a diary of everything you spend on for two weeks – including small items like coffee at cafes, cosmetics, titbits and so.
• Look at your expenditure diary to see where to cut frivolous and unnecessary expenses. You may be shocked at how much savings you can achieve.
• Pay off any debts you have accumulated so you can start off on a good state of financial health before you try for a baby.