What Should You Accomplish Before Having Kids? Here’s What Millennials Say
There’s never a perfect time to have a baby.
You may want to have kids someday, but I bet there’s a thing or two you want to do before your life gets consumed by raising a tiny human.
Do you want to travel more?
Buy a house?
Stack money in a savings account?
Discover surveyed 1,000 millennials to find out their priorities before having a baby.
Making and saving more money were major concerns. The respondents said they wanted to have a salary of at least $84,000 and have at least $78,000 in savings.
However, less than 10% of respondents had salaries that high, and no more than 5% had that ideal amount of money in their savings.
Over 80% wanted to get married and buy a house before adding a little one to their families.
Even pets weighed on the decision to have kids, as 67% of men and 71% of women wanted to get a dog first.
Traveling and earning advanced degrees were also among the top priorities before having children. More than half of those surveyed said they wanted to travel across the country and around the world. They wanted to visit at least five states and at least two countries they hadn’t been to before.
Thirty-six percent of men and 46% of women said they wanted to get a master’s degree or higher before having a baby.
Needless to say, many of those surveyed didn’t think they were ready for parenthood. But instead of forgoing having kids altogether, they just thought it would take a little time.
Respondents said the ideal time to have a kid was between 2.6 and 7 years from that time.
Though no time may be perfect, some additional preparation and the opportunity to reach a few goals may put some would-be parents in better standing to start expanding their families.
Nicole Dow is a staff writer at The Penny Hoarder. She enjoys writing about parenthood and money.