Having a baby is expensive at any age. The average cost of raising a child is around a quarter of a million dollars, and many people want to wait until they feel “financially ready” to start a family. At what point are you financially ready? A post on The Bump analyzes two couples that are a decade apart in age.

The first couple is in their mid-20s, paying off student loans and credit card debt, but feel emotionally ready for a baby. The second couple is in their mid-30s, have a higher household income and fewer debts, and are saving for retirement. Which couple is more ready? The correct answer is: it depends. One couple is not necessarily in a better place than the other based on a number of factors. All you can do is decide when you feel ready.

Read the full article here: 26 or 36: Can You Really Afford A Baby?