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Having It All: Giving Up Peak Earning Potential To Have A Baby

Having It All: Giving Up Peak Earning Potential To Have A Baby

 

If you’ve been reading this blog for some time then you know that I am truly on a  quest to “have it all”.  I want the man, the house, kids, degree and picket fence all by 30, and I got started at 26.

But is this possible?  More importantly, necessary?

My take is that we’re growing up in a generation where women have the opportunity to garner far more accomplishments than their mothers and frankly this is exciting.  We’re going to college at a rate higher than men and going on to the labor force in increasing rates than in previous generations.

But at what expense?

Personally?  I am at a point where Im married, own a home, have the degree, puppy on the way and an awesome career that I love.  But at 29 it means that my clock is ticking even louder with the prospects of applying to a doctoral program which means delaying children for a few more years and continue to build my career in the mean time.  

I often vacillate between telling my husband we should get started now on children and let the chips fall as they may or just plan for 2-3 years from now once I feel I am more settled in my career.  I admit, to secretly resenting that I need to consider so much of my career when planning children.  I keep thinking about the right time and I have no idea (well I do) as to when that will be.

So after doing some reading and talking with other moms who had to contend with this decision they gave me this advice: (aside: understand I am no fly by the seat of your pants kinda gal so all this planning serves a purpose)

Temper Expectations:  You can have it all but within moderation.  Temper your expectations based on your own abilities not literally having it all because with that comes doing it all which is never fun unless you’re an Alpa Mom.

Plan, Plan, Plan:  If you’re career is important to you then plan as best as you can but do so knowing that children don’t come with a manual, index or table of contents.  Life sorta just happens that way when you have children so while you can plan for certain logistical issues lie childcare and school, there are other issues that may arise that you cannot.

Define What Success Means For You:  Notions of having it all without further examination conjures up images of a fabulous career, perfect husband and children, house/backyard/picket fence in a desirable neighborhood and an array of supportive friends and family.  The reality is that it all comes at a price as life isn’t perfect.  You may have a great career but work upwards of 60 hours a week, while managing marital problems and children who may be struggling in school with academic and behavioral issues meanwhile the mortgage is due and you’re worried about making this month’s payment.  

So you see, you can have it all but at what price?  

What is acceptable to you?  Is it maybe working less hours to have enough time for your spouse and children?  Is it having the time to focus on a new business venture which will bring in another stream of income?  This is all on your terms, define it for yourself, not based on societal expectations or the newest ad running in Vanity Fair or Real Simple.  In short?  Give up the idea that “having it all” is only attainable based upon societal definitions, define what it means to you and then work backwards to get there.

Manage The Unexpected Expectation Hangovers:  Expectation Hangovers is a term coined by Christine Hassler which means:

“group of undesirable feelings that arise when a desired result isn’t met.” Simply, things don’t turn out the way you planned and you are experiencing symptoms that are as miserable as those from a hangover from alcohol (lethargy, depression, regret, and so on).”

For example, right now my goal for the next five years is to get accepted to a doctoral program, have our first child and begin my career as a psychologist.  If that doesn’t happen then what?  I could still have a great career where I am right now because Im learning to enjoy each and every moment now instead of looking to the future for my happiness.  

Barring any issues with infertility, we expect to have children so I don’t foresee a problem there.  The lesson?  Manage your expectations so that no matter what happens you’ll be happy no matter where you are in life.  

What does having it all mean to you and how do you plan to get there?

 

(Image: Ms. Magazine)

About the Author

GingerGirls Just Wanna Have Funds is a personal finance website dedicated to educating and empowering women in the area of personal finance. Our articles center on money management: making it, saving it and growing it which supports our theme: Breaking Financial Ceilings One Stiletto At A Time. We have been featured in Business Insider (contributor), Lifehacker, Consumerist, MSNBC, Essence, Wall Street Journal, Good Morning America and MSN Project Engage Web Series. I believe in a future where women can have financial freedom and choose the life they want to live by taking control of their finances. You only need to want it hard enough while letting go of limiting beliefs around money. Join me as I share tips that will help you light up your financial life and take control.View all posts by Ginger →

  • http://www.dijla4h.com ??? ????

    yes you can have them all, BUT NOT AT THE SAME TIME, i think you should work on every item alone with patience , spend years to try to make it work and organize and harmonize them together,

  • Crystal

    Why would you have to "give up" your current job to have the baby? I worked literally until the day before I went into labor (worked on a Friday, gave birth on a Sunday). Furthermore, in D.C. the law is you are entitled to 16wks unpaid leave to have a baby, and most women have no problem negotiating a 6mo or longer maternity leave if you are an employee in good standing.

    Childcare is actually not "super unaffordable", it's like $4-5/hr. if you go with Family Daycare (women who provide childcare in their homes).

  • Crystal

    YES, you can have it all!! It is not nearly as hard as you may think, so long as you practice "equally shared parenting" with both you AND your husband contributing toward childrearing and housework/chores etc., and had I known it would be this easy I would have had children younger. I DO "have it all", I'm 32 years old with a great career as an Accountant, been married since 2000 and we just bought a single family home earlier this year in a lovely neighborhood in Fairfax County with excellent public schools. My son just turned one year this month and I can't wait to have several more children!

  • itswrite4u

    Great post lady! I think that it is very necessary to plan what you can. But, everything cannot be planned to the T. Being a single mom, student, full time employee is difficult, but the reward at the end is what I am looking at. So, I think that being a full time mom, student, and etc means that not only you should plan, you should also plan to be flexible. It is the only way because things change rapidly when children are involved.

  • http://www.dogatemyfinances.com dogatemyfinances

    I'm not saying grad school would have been easy, but it would have been a whole lot easier than my day job. Universities really do have a lot of resources these days for young parents. Then there's the loans, which is a whole other issue…

    • Ginger

      I wish that were the case here in DC, it seems to be quite the opposite. Childcare is just so expensive here. Im talking upwards of $1200 for one child in daycare.

  • http://251319.blogspot.com/ Rhona

    Great post! I have been struggling with the whole maternal clock thing but have never felt compelled to have a child, on my own. I think I wanted children because it was something I think society tells me to do but after reading this post (and months and months of thinking it over), I feel that I have to make the right decision for ME! I want it ALL but my vision of it all is something different. Having a fablous career, a place of my own, living in another country, having more than enough money to retire comfortably, is "all" for me. The husband and kids are not part of my life formula.
    Howevver, this was a great post and I think and know you will be able to pull off what is "all" for you. Women have children and still manage great careers. Support is key which I believe you have.

    • Ginger

      Go ON witchya bad self! That's the whole point, you have to define what having it all means for you, not some formula prescribed by society.

  • http://www.dogatemyfinances.com dogatemyfinances

    Looking back, grad school would have been the PERFECT time to have a baby, especially if you have a husband and maybe some extended family roughly nearby. In the real world, they don't tolerate "flexibility" and universities have all kinds of insurance and daycare resources that I no longer do. You also have a whole network of spouses with no visas to help. It's brilliant.

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