Welcome to Mommysavers Forums.
Go Back  

Money Matters Personal finance, managing debt, saving and investing

Register FAQ Members List Calendar Search Today's Posts Mark Forums Read Gallery iTrader

Reply
 
Thread Tools Display Modes

Old 03-12-2008, 01:35 AM   #1
Default Young Parents and Money
Guccirush
Senior Mommysavers Member
 
Last Online: Today 09:37 AM
Join Date: Mar 2008
Posts: 155
iTrader: (0)
I was visiting another board for moms and there were a lot of super young moms..... many of them were having their second or third child and they hadn't hit 20 yet. I am always thinking about finances and my first though was how do they do this financially???

Does anyone have experience rasing a child/children at a very young age or just have a guess on how they make it?

--Ann
Guccirush is offline   Reply With Quote
Old 03-12-2008, 07:29 AM   #2
Default
Amber03
Trading, product talk mod
 
Amber03's Avatar
 
Last Online: Today 06:16 PM
Join Date: Jun 2007
Location: Michigan
Posts: 1,713
iTrader: (2)
I am not sure to be honest. I was young when I had my first (19 1\2) but I was 24 when I had my second and 26 with my third. I was a single mom with my first and worked full-time. I had a one bedroom apartment for almost 2 years and then moved into my own house. I got assistance with childcare. Maybe these girls get assistance of some sort or they have older husbands who make good money. There is alot of young girls marrying older men these days for stability. Frankly I don't blame them because boys their age can be irresponsible when it comes to children and don't want to take responsibility. Not all are like this but most are. My DH was 24 when he had his first and is and was quite helpful. I hope this answers your question.
__________________
If I find in myself a desire which no experience in this world can satisfy, the most probable explanation is that I was made for another world.

C.S. Lewis
Amber03 is offline   Reply With Quote
Old 03-12-2008, 08:40 AM   #3
Default
Julie35
Senior Mommysavers Member
 
Last Online: 11-20-2008 01:00 PM
Join Date: Jul 2007
Posts: 192
iTrader: (0)
I had my first when I was 21 and my second 2 1/2 years later, so not quite as young as the girls you wrote about. Money was tight with our first. We both worked full time. I only had 2 1/2 weeks off after he was born. We didn't go out much and bought a lot of stuff used. By the time I had my third I was able to stay home full time.
Julie35 is offline   Reply With Quote
Old 03-12-2008, 08:52 AM   #4
Default
Chantelle
Approved Trader
 
Chantelle's Avatar
 
Last Online: 12-29-2008 12:26 PM
Join Date: Dec 2007
Location: Miami, Fl
Real Name: Chantelle
Posts: 384
iTrader: (2)
I was 17 with my first and 22 with my second again not as young as some of those you are talking about but I had 2 jobs and finished school with my first and my mother and exes mother took turns during the week watching ds #1 i also rented an efficiency to keep my bills low and i had no government assistance. i guess i could have gotten reduced childcare if i wanted to but i was really against any kind of government assistance at the time. i also only needed to go to school for half days because i had more than enough credits to graduate anyway so i had more time to work. by the time i had ds #2 i was with dh already (not yet married or living together but had been together for 2 years) so there were 2 of us working at the time and we gradually moved up to an apartment and then a house. it is definitely doable but the mother's mind needs to be in the right place.
__________________
- Chantelle

Mommy to Roly (2000) Photo Sharing and Video Hosting at Photobucket and Elijah (2005) Photo Sharing and Video Hosting at Photobucketand expecting #3 due May 7th 2009!


Check out my Blog!
Chantelle is offline   Reply With Quote
Old 03-12-2008, 08:57 AM   #5
Default
pinkgirl79
Mommysavers Goddess
 
pinkgirl79's Avatar
 
Last Online: Today 04:32 PM
Join Date: Jan 2008
Location: Wisconsin
Real Name: Alycia
Posts: 1,415
iTrader: (22)
I was 27 when I had my first and only, and money is still tight! I have no idea how these girls could manage unless they are getting help. I know the single gals here in WI get all kinds of assistance: renters assist., daycare assist., food stamps, WIC. Hmm, maybe I should dump my dh. Just kidding!
pinkgirl79 is offline   Reply With Quote
Old 03-12-2008, 09:11 AM   #6
Default
carlitasway
Mommysavers Goddess
 
carlitasway's Avatar
 
Last Online: Today 09:34 PM
Join Date: Jun 2007
Location: Texas, y'all
Posts: 1,926
iTrader: (0)
There's a good chance that they are getting some sort of assistance. Not everyone waits until they are financially stable to have children and plan it out. I didn't plan either of mine. I saw where it was going and could see me being a baby machine. I got a tubal after my second because we couldn't afford anymore(or the two we already had, really) and I was absolutely miserable pregnant and had ppd with both. There were periods we got assistance. We got foodstamps for 6 months and WIC for about a year. The rest of the time it was just struggling. We still struggle and I'm 29. I can't wait until hubby graduates.
carlitasway is offline   Reply With Quote
Old 03-12-2008, 09:16 AM   #7
Default
robinkeith1
Senior Mommysavers Member
 
robinkeith1's Avatar
 
Last Online: 12-28-2008 11:41 AM
Join Date: Jan 2008
Location: Texas
Real Name: Robin
Posts: 132
iTrader: (0)
Quote:
Originally Posted by Guccirush
I was visiting another board for moms and there were a lot of super young moms..... many of them were having their second or third child and they hadn't hit 20 yet. I am always thinking about finances and my first though was how do they do this financially???

Does anyone have experience rasing a child/children at a very young age or just have a guess on how they make it?

--Ann
Not to be a party pooper, but my guess is that they do it on food stamps, cash assistance and WIC. Either that or they still live with their parents.
__________________
Lilypie Expecting a baby Ticker

Lilypie 1st Birthday Ticker

Lilypie 6th to 18th Ticker
robinkeith1 is offline   Reply With Quote
Old 03-12-2008, 09:17 AM   #8
Default
bearski_bethany
Senior Mommysavers Member
 
bearski_bethany's Avatar
 
Last Online: 01-03-2009 11:16 AM
Join Date: Nov 2007
Location: PA
Real Name: Bethany
Posts: 171
iTrader: (0)
I was 18 when I got married and 19 when I had my first baby (not planned). I was 21 when I had my second child and will be 24 for my third (and last). I guess I'm one of those people that your talking about . It's very hard having three children sooo young. We bought a fixer upper house three and a half years ago..still needs a lot of work We bought it because the payments are low, but we are paying a lot to fix it up...but it's nice to do it when we do have the money. We have never gotten any help from family. I am a SAHM. I must say it would have been smarter to have children when we had money..but this is the way it happened. We don't have a lot of extra money. The kid's have medical Inc. because of the gov. but my husband's work doesn't offer anything...and I mean nothing. We don't "travel". we don't have anything saved, because there is just nothing left over. I guess all I can say is that it is very hard. But we are really pushing for most of our debt to be payed off by Sept. 2009..which is over a year..but at least I see light at the end of the tunnel. I hope this will help you out. If not it really helped to talk about it!
__________________
SAHM to MacKenzie 09/10/03, Brooke 09/21/05, KayLynn 04/23/08 and WIFE to Fred 6 years
"Tears do NOT become me."
bearski_bethany is offline   Reply With Quote
Old 03-12-2008, 09:26 AM   #9
Default
bearski_bethany
Senior Mommysavers Member
 
bearski_bethany's Avatar
 
Last Online: 01-03-2009 11:16 AM
Join Date: Nov 2007
Location: PA
Real Name: Bethany
Posts: 171
iTrader: (0)
I do get wic. and medical help for the girls but that is it.
__________________
SAHM to MacKenzie 09/10/03, Brooke 09/21/05, KayLynn 04/23/08 and WIFE to Fred 6 years
"Tears do NOT become me."
bearski_bethany is offline   Reply With Quote
Old 03-12-2008, 09:43 AM   #10
Default
LJGZsmom
Mommysavers Goddess
 
LJGZsmom's Avatar
 
Last Online: Yesterday 10:08 AM
Join Date: Jun 2007
Location: Kansas
Real Name: Jenifer
Posts: 1,541
iTrader: (0)
I was 17 when I had my first and 22 when I had my fourth. I was very young and I try to encourage other young woman to wait. But I was married to a good man (only 19 when our oldest was born) who was a Christian and worked very hard to take care of us. We did not get help from anyone (other than a very short time several years later from my parents who helped us pay a couple of bills when we were struggling). We were on wic for about one year and that is all. When money was tight, I started to do in home daycare. Once money was better for us and I was able to quit that and focus on my kids I did. We bought our first home when our oldest was 6 months old and I had just turned 18. So there are some young woman who can make it and do very well.

However, I have also seen woman who had children very young and some by several different men. They were on wic, food stamps, got help from everyone they knew and they stil struggled. Some that would not work and let the government take care of them and their kids. So just as there are some that do really well, there are others that don't.

But it is the same for parents not as young. Some do well, and others struggle.
__________________
Jenifer
Proud wife to one amazing man
Proud mom to four awesome kids


Have a safe and blessed New Year!
LJGZsmom is offline   Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Members
 

Sponsors

 


Advertisement

All times are GMT -5. The time now is 10:10 PM.


Powered by vBulletin® Version 3.6.7
Copyright ©2000 - 2009, Jelsoft Enterprises Ltd.
SEO by vBSEO 3.0.0