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[quote=Anonymous]Rent in your neighborhood until you don't have to pay daycare expenses and try to save for a down payment and for an emergency fund.  This also give you time to pay down student loans and to practice budgeting.

You don't mention savings and you might be shocked by how much home repairs can cost.  You need to have a decent rainy day fund for this.

Would agree that disability insurance is a must since you are now the sole earner in your family.  Try and get one that covers both short term and long term disability.

Would also agree with PP that you should keep excellent records of how much you spend on your children.

Consider contributing $50 a month to each 529 if you can afford it.  It will make you feel better!

At your income level, the tax deduction for retirement contributions would be quite hefty and so you might be able to save more for retirement than you expect.

Look into your tax situation.  You are likely to lose the benefit of married filing jointly.  I know single rates are very high.  Not sure if there is an intermediate rate for people in your situation.  Find out as you might find that your take home is less than you expect.[/quote]

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