I apologize for the first post being a longer one, but I wanted to give you guys some good background information.
The photos are in. IT'S A BOY!!!
When my girlfriend told me I got so happy. I'll be walking around all day with a huge smile on my face.
Thanks for all of the replys, you guys on this forum sound really supportive and knowledgable. I know one of the biggest concerns for most teen parents is how they are going to get by finacially. I'm not sure what the average cost of raising a baby is, but I have heard in the vicinity of $10,000 per year. Fortunately, we both come from families with an annually high income. My parents are currently paying for my education, through loans and personal financing.
There are a lot of things needed to be factored in; supporting myself, my girlfriend, my baby, living expenses, and cost of continuing school, micesolaneous expenses, car insurance, health care for the child, etc...
I would suppose we will need a lot of help from our families. But like I said, I don't want to give off the impression that we are expecting them to pay for everything. Instead, I want to come up with the best way to encourage them to give us their guidance and support us through the parts where it is going to be difficult for us to do by ourselves.
The cost of a condo I am looking at is $85,000. Expensive, yes. But this is a rather smart investment as opposed to paying rent on an appartment for six more years which could easily total $65,000. I have worked since I was thirteen years old, making my own money and paying for the things that I wanted. As a result, I ended up rewarding myself with a very nice car. I have a friend that has just made an offer on it and plan on selling it asap. This will be enough to put a nice down payment on our place, and enough to put some into my bank account. I beleive that my parents will be willing to pay monthly rent (appox. $500) which will help us out a lot.
I plan on working this summer, and part-time in the fall when school starts back up. She is also planning on getting a part-time job after a few months, so I beleive we will be making enough to support ourselves and/or with the help of our parents, enough to take care of the other things besides rent and the cost of school.
As far as going to school and doing all this, I think it can be done. I will schedule my classes in the morning from 8:30 to around 12:30. My major requires that I take some difficult courses, so I will find a time to do the bulk of my studying at home.
Maybe someone can share how they were able to support themselves and their baby. Did you do so with your partner? Parents? Alone?