Are we Seeing each other? in a Relationship or Friends with benefits?

Please help!
I've read many articles, blogs etc. about friends with benefits (FW. I am in a FWB - but it also seems more than that. I'm not sure if it is!
I am recently divorced and the man or my FWB is also divorced (has been divorced longer than me)
We met randomly and understood the hurt we both experienced from our failed previous long term relationships. We did not have sex right away - got to know each other and are also physically attracted to each other.
We both agreed that we are not looking for a serious relationship - I am establishing a new career and he is just recovering from bankruptcy. We are each other's firsts in terms of a new "relationship". We are both at crossroads in our lives. He told me he does not want to be in a "relationship" as in moving in or getting married, however he has said that he is not dating nor will he date other people - he does not feel he has his life in order enough yet and I am not looking to move in either at this point - but please tell me if you think we have potential or if we are doomed.
We talk on the phone at least 1- 2 times a day - just to see how the other is etc.
We are open and honest with each other.
We see each other 2-3 times per week.
We have met each others children.
We have dinner together - sometimes I cook - sometimes he does.
He fixes my car, does home repairs for me etc.
We love spending time together - we laugh so much!
We have great sex together.
He tells me he really likes me and loves spending time with me but feels he isn't good enough for me at this point in his life (ie. - moving in etc.) as his current financial picture is so dark.
So...is this merely a FWB? or is it a little unique? I honestly believe that this man does not feel like he has enough to offer to say we are in a "relationship" but does it not sound like one to you?
I'd love to get some feedback! Not sure if I should continue on and enjoy or bail!!!!!

I don't think you're in a friends with benefits kind of thing. You're in a relationship, just one that's going to stall according to both of you. Friends with benefits usually have more than one person involved. It's just a convenience to have sex. There are many people out there that I know can have sex with ZERO emotion attached ever. But for everyone else, doom will come for the FWB. But the way I see it, you two just in a slow moving relationship. You're not just friends anymore.

In my opinion it sounds like the beginning of a beautiful relationship. The communication and friendship that you guys have established and respecting one another's situation and stance in life right now is wonderful. Don't press him for anything. Keep it just the way it is and it really sounds like you have found a possible jewel. He wants to be secure in himself before he enters completely into you and your children's lives and that is respectable.

You enjoy this blissful friendship-relationship and it sounds that eventually you may just have a happily ever after. He's a MAN. He wants to be secure and able to provide (mentally & financially) for the person he's with and that's a good man!