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  #21  
Old 15.05.2015, 10:39
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Re: How much money to save before having a baby in Zurich?

As Tom says, there is fun (again) after your kids have flown the nest.

Children ought not be expensive, especially in the first 3-4 years at least. The key is to think with your head, and not with your heart. Buy second-hand, borrow if you have friends with kids, and generally don't go for gimmicks. Ask your parents if they had once of those when you were a baby; if the answer is no, then most likely you don't need it for your baby either!

I find the expense really kicks in when kids "need" sports/ music/ other activities. But a lot of these activities can come in cheaper, if you stick to the school ones, or at the gemeinde-level (e.i, not private lessons).

In any event, whatever money you have to spend on your baby, will be money you won't spend on beer/ going out! So in the big scheme of things, it (kinda) balances out.
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  #22  
Old 15.05.2015, 10:47
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Re: How much money to save before having a baby in Zurich?

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As Tom says, there is fun (again) after your kids have flown the nest.
You misunderstood.

When I had kids, rather than buy a larger car, I bought a second motorcycle.

Tom
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  #23  
Old 15.05.2015, 11:37
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Re: How much money to save before having a baby in Zurich?

But I think for us mere mortals, a car is still better than a motorcycle for ferrying kids around
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Old 15.05.2015, 12:00
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Re: How much money to save before having a baby in Zurich?

Really crappy advice from a lot of posters here.

So you say to the OP: just go for it and who cares?

And what if the baby comes up with medical problems which end up costing the earth? Or the breadwinner loses his job? Or one of the parents gets really sick? Or or or?

It is irresponsible and idiotic to bring a child into the world with 0 savings in the bank. Just because you did it doesn't make it right.

If both parents work now, my personal goal is to have six months to a year's combined salaries saved aside. It's not a huge amount and if the shit hit the fans you at least have one less problem to worry about.

Especially when pregnancies get more and more expensive and complicated the older the parent is, you need a safety net.
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Old 15.05.2015, 12:11
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Re: How much money to save before having a baby in Zurich?

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Especially when pregnancies get more and more expensive and complicated the older the parent is, you need a safety net.
Yes, indeed.

It's called "insurance".

Tom
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Old 15.05.2015, 12:17
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Re: How much money to save before having a baby in Zurich?

I agree that having savings is a good idea - but the concept of having some money on the side should be valid irrespective of whether you are planning to have kids or not. Unemployment, sickness, etc. etc. happen, and I think most people are wise enough to save a few pennies on the side for those rainy days.

As to having 6 months - 12 months' combined salary as savings, that can be a pretty big number! How many years will it take for someone to save that kind of money? 1, 2, 5, 10 years? With that number, I think the earliest I would have let myself get pregnant would be 2030!
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Old 15.05.2015, 15:09
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Re: How much money to save before having a baby in Zurich?

So you're basically saying that if you lose your job and don't find a new one for X months (where X is your savings) you'll give your kid to an orphanage or his grandparents?

Because if you don't work and have no savings, how will you feed all your family? unemployment dole only lasts that much, especially if you are Non EU. But yeah screw that, no chance of happening huh. Let's make the baby first and then we worry about all that.

One of my cousins had the same crap on his head and he did like you said. He was then told than he has twins and his whole budget/life changed and he's now royally screwed as he could barely afford one. And that's the best case scenario. If he has allergies and you need to buy special milk the cost can go up to the thousands every month. Examples are plenty of things that can go wrong and cost a fortune.

If you are a leecher, mooching off grandparents and family then this might be a choice for you. But if you are a responsible parent you need to have a safety net that won't be blown up in 2 months if something happens.

And shit does happen, whether you plan for it or not. Maybe a year's salaries is a stretch but that is subjective to everyone e.g. if u already own a house and have no rent etc. Worse if you have permit issues when being unemployed.

P.S If you save 30% of your salaries every month, you can have 6 months worth after 20 months. If you can't even do that, wtf are you doing bringing a child to this world in the first place?

P.S2 I agree, doing this should be the norm for everyone not only when you want to have a kid.

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  #28  
Old 15.05.2015, 15:43
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Re: How much money to save before having a baby in Zurich?

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So you're basically saying that if you lose your job and don't find a new one for X months (where X is your savings) you'll give your kid to an orphanage or his grandparents?
Where did anyone say that? So, let us all calculate how much it costs to raise a child (around GBP 200K, back when we were in the UK), save that money, and then have a baby! Of course, by that time, most of us will have tired eggs and sperm and it would be like winning the lottery if you could get pregnant!!!!


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vP.S If you save 30% of your salaries every month, you can have 6 months worth after 20 months. If you can't even do that, wtf are you doing bringing a child to this world in the first place?
Of course, everyone can save 30% of their salaries! So let's leave the breeding to rich people only!

Anyway, OP, not only do you need a little bit of saving (not so outrageous, that your sperm/ egg are too tired to wait), but a little maturity as well. Good luck in making beautiful babies!
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Old 15.05.2015, 17:26
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Re: How much money to save before having a baby in Zurich?

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Hi,

Clearly, this is a highly variable question depending upon lifestyle, but I wonder how much money would be a good goal to have saved before having a baby here in Zurich? Especially if one spouse would probably take at least two years off with the baby eliminating one income.

Some people have told me that you will never "have enough" money to have a baby you just have to do it, and then make your finances adjust around having a baby. Does that ring true?

Does anyone have any advice about what might be a reasonable financial goal(s) here in Switzerland to reach before having a baby. I realize this is a very broad question, just wondering about your experiences or advice.

Thanks!
Given that you plan to live on one income for a few years after the baby is born - have you already sat down and made a budget for that? Good, start living your budget now. Transfer the other salary to a savings account as soon as it arrives and don't touch it.

Do this for 6 months. (If you are on the older side and feel the clock is ticking, then feel free to do it while TTC.) You'll find out soon whether your budget is reasonable or whether you need to make further adjustments; and at the end of it you'll have some extra savings. Two birds with one stone.
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  #30  
Old 16.05.2015, 08:11
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Re: How much money to save before having a baby in Zurich?

It's quite simple,. you can't save enough !

Save what you can, you'll do just fine with it, like everybody else.
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