<prompt> Human: DH 31 and I 30 were planning to start trying to have a baby at the end of this year. When we do have a kid, DH will be staying home and therefore we will be down to 1 income. We recently looked at our mortgage and determined we could pay off the mortgage in about 3-3.5 yrs if we postpone starting a family. So my question is, would you payoff the mortgage first or start a family sooner?Background:My income 76k a yr also expecting a promotionraise later this year based on annual performance reviewsDH income 40kMortgage balance:162kWe have a 6 month emergency fundPaying off the house will allow us to maximize retirement savings, if we dont payoff the house early we are expecting to save up to employer match 6 and 10 toward required pension contribution, while were at 1 income  <response>: Money is important, but its not structure your entire future around it important. If you want a kid now, have the kid now. Financially, kids are never a smart decision. Thats why its important to value some things more than money. 