Okay girls I will only admit this here but, I am going off the wall bonkers hormonal today. As in flipping out over nothing right and left. Really don't know what's going but MAN this is crazy. I told DH tonight I better be PG because otherwise I have no flippin' clue what is causing me to be so uptight and snappy.
Aqua - I don't know what your DH makes, but here 25% goes to child support, so DH and I start off down and out already. Right now we have no savings, live pay check to pay check, and generally are just counting on DH's career options increasing and being promoted in order to cover retirement, etc. We're minimilistic in nature. We try to focus on money on things that are benficial for our family... so we don't eat out, we coupon and meal plan. We're crafty and re-use items in the house (paint fixes everything). We don't own expensive cars and generally we're not big on buying stuff. My one weakness is children's clothing... especially girl clothing. Why is everything so cute!!!!
We have life plans of using DH's raises to start aggressivly saving, but neither of us feel the need to provide our children' with college money. We will give them something, mainly to help with books and semester expenses, but we personally don't feel responsible to pay their tuition. Especially not BEFORE they go to school. We may opt to help pay off their loan balances after the graduate... But Dh and I feel that our TIME is worth more than our money to the kids. Being able to be there and hands on raise them vs hand them a tuition check...
Living on one income IS difficult most of the time. Especially because as Moms we tend to have to give up on some of the things we want... but it is possible. And if you're the type of person who enjoys being around kids 24/7 it can make a huge difference in your child's life.
But either way, the most important thing is to just continue to be available to your child when you're there.