<prompt> Human: My wife and I are in our mid-20s and finishing up graduate school. We save approximately 1500 a month and our savings is currently at 30K with 0 debt. Well hopefully both be employed this time next year after grad school. Wed really like to have a kid within the next 2-3 years baby rabies has taken hold and being young energetic parents is important to us. Is this a reasonable idea? Were naturally frugal in that all of our favorite activities cost next to nothing and we cook our own meals. Our net income will likely double once out of grad school making 3400 a month currently so I anticipate more savings.I guess I have multiple questions:1 How far are we delayed on savings and life progress since we both went to graduate school? When I read here I see people our age either making 130K or someone making nothing 50K in debt. I have no idea what the average is for mid-20s! Just the extremes..2 What is needed financially for a baby? Obviously medical insurancelife insurance is very important so we will need decent jobs first, but what else is needed? besides commitment.3 Are we financially ready for a child now? In two years?Thank you for your input!  <response>: 1 There is no average, on one hand you have Mark Zuckerberg and on the other hand there are folks who have been struggling to get a fulltime job for years. The fact that you have a net positive worth while you are in grad school is remarkable and heeds well for your financial future when you are done with school2 Childcare is the most significant expense,: other costs such as diapers, strollers, formula or breastfeeding supplies, pales in comparison. A search of rpf or rfrugal for babies or kids or baby has a lot of results for similar topics.3 I think this is a good time to make a game plan for having kids; after considering employment options, childcare, and where you want to live, youll be as ready as you can be. 