We are thinking about having another baby. Lil Punk is 2 now and we think we might be ready. But can we afford another one? I know that we can afford the cost of diapers, food, clothing, etc. The thing that I don't know if we can afford is daycare. For Lil' Punk, we pay around $500 per month. Can we really afford $1000 a month in daycare costs?
Should I even be asking this question or should we just go for it and make the finances work later? I certainly can't put a price of the joy that Lil Punk brings us and we do want another baby. We do need to be able to afford another child though.
We could make it work but it would put a lot of things on the back burner, like building a house.
Are we overthinking this?