Should you be out of debt to start a family?

I recently got a really great question from a subscriber over on my YouTube channel, so I thought I would share it with you. 

My husband and I just started Baby Step #2 this month. We have a long journey ahead, but we want to start a family. We don't know what the best option is: wait until we are debt-free in two years, or start a baby fund for the future.

I realize this is going to be a really "controversial" question with lots of varying opinions. But I also feel like this is a really great question. But it's also one that no one can really answer for you. That is something you have to decide for yourself. No one can tell you what is best for you.

I can only tell you what I would do if I were in your position, and I was.

Personally, if I was in so much debt that I couldn't provide for my own basic needs, or I couldn't meet my basic expenses, then I would wait. But it sounds like you are not there, that you and your spouse have a plan to get out of debt soon, you have an emergency fund in place and you have mutual goals. These are all good things!

Obviously, it's best to make wise financial decisions, but if you wait until the timing is perfect and you have a certain number of dollars in the bank, you might never find yourself ready. 

I don't think there is ever a "right time" to have a baby. And I can tell you that they are worth far more than any dollar amount. 

Everyone is going to have a different thought or opinion on this, but at the end of your life I don't think you will regret having children. And I can tell you from personal experience, if I could go back and do it again, part of me wishes I had started my family sooner. 

Yes, children can be very expensive, but they don't have to be the first few years they are alive.