Hi how does one prepare or know if they are financially ready to have kids? Am considering to start a family, how was it like for you all?

I actually think money is not that much of an issue. After all you can scrimp n save n scale back on your lifestyle. I was shocked, however, at how i had to sacrifice my social life to take care of my children. Still feel sianz actually

Go forth and learn, adjust along the way. It's gonna be an adventure.

Never ready, never un-ready. Everyone is a "bad" parent so fret not

Budget around $20K for the first year - should be enough. As long child is healthy without complications.

Both you and wife must align, sit down to agree on how and where to deliver, what does the child need, are you ok with hand downs, expectations towards child rearing and responsibilities.

With the government grants and subsidies, you may not be looking at much, unless u are a kiasu parent who buys everything branded and new.