As most of you know my wife and I welcomed our son last year. I cannot believe he will be a year old in March, time flies by pretty quick these days. We have had a lot of friends and family congratulate us on having a girl and a boy suggesting that we could stop right now and be the perfect family of four. Call me crazy but I’m starting to get the “baby itch” again. My wife certainly isn’t feeling it but I have always wanted a big family. Sure it’s hard on the front end… Sleepless nights, temper tantrums, potty training, etc but then you have 40-50 years of good times, not to mention a clan of grandchildren!
So long story short Mrs. Brick By Brick Investing and I actually sat down to have a serious discussion about having another child when out of no where she threw down a nuclear bomb… she wanted me to consider a vasectomy. And here I thought we were having a discussion, it was obvious that it was on her mind before our “conversation.” But in all honesty I can see where she’s coming from – We live in the richest county in America:
- Daycare Costs: $325/week per child
- Single Family Homes: <$650,000
- Activities: As you can imagine aren’t cheap
So having another child would be another huge obligation but also a hefty financial obligation. Now please don’t imagine that I view my wife and children as obligations, quite frankly I just couldn’t think of another way to articulate my point.
I hate to say it, especially when my wife makes a good point, but she posed this question to me. What is the cost of a vasectomy compared to having a newborn child. I knew what the math would be right away but thinking further into our situation I had the grand idea of illustrating it for the personal finance community. While some might find this post distasteful or taboo – I pride myself with addressing real topics that families may or may not encounter financially.
As I stated before, I hate it when my wife makes a good point. I’m a competitor by nature and hate being on the losing end of anything, especially a “discussion.” Then to drive the nail home my wife mentioned the fact that we could contribute to our Health Savings Account (HSA) for the operation in order to lower our tax liability.
Non Financial Cost of Vasectomy
While I will concede and recognize that my wife made great points during our discussion I would like to point out that there are a couple things that still need to be factored into our decision. I have labeled these “non-financial” considerations:
Emotional Toll – This is a big decision for a man and in my opinion there is no room to be indecisive. I admit I need to do a little more research into the operation but I am curious to know if there are any adverse side effects.
What If We Made a Mistake – I have a fear that 3-4 years down the road we may be in a better place and can take on the responsibility and obligation of another child. If that situation occurs then we could pursue a vasectomy reversal, however this procedure is not a 100% guarantee.
Recovery – From the research I’ve conducted you should take 1-2 days off following the surgery and avoid lifting anything heavy for about a week. Sounds pretty simple but I don’t think any man is jumping to feel this type of discomfort.
All in all we have a lot to think about and consider.
Have any of you looked into this operation?