Thinking of having another baby… are we mad?

[RollercoasterRayRay]

DH and I are considering having another baby. Here are the circumstances.

We have two children age 9 and 6. We have £20k in savings but don’t own a home. DH earns a salary of £45k a year but has subsidised accommodation as part of his work package. He also earns an additional £1.5k a month just now but that will only be for the next 18 months. Then his salary will return to just above his current salary, maybe £48k ish. I earn about £12k working part time.

Im 2 years off completing a degree (studying part time) and will be able to work full time once that’s complete.

DH and I are both mid 30’s.

Would having a 3rd child at this point be a bad idea? I would be entitled to a good maternity package of 6 months full pay, then statutory.

Opinions much appreciated.

If you have 2 kids you have a good idea of how much they cost

Hollow laugh.
That is a rather naive comment. They aren't teenagers yet.

IMO the primary school years are the easiest. Teenagers are expensive, but it is the emotional toll they take on you that is hard. Bigger children = bigger problems.

I'm also in the "why would you want to go back to sleepless nights and nappies?" camp.

Our teens are objectively easy but still somehow not. Emotionally draining / extremely expensive/ erratic. Three of them would finish me off. Primary is the golden years.