17
Dec
Our savings is dwindling
Since the baby was born, we’ve been having a problem with our savings - it has been going down. There have been a lot of things happening right around this time that have contributed - notably a $1500 hospital bill, the month that I took off to spend with the baby and expensive property taxes that came due.
We’re still a little confused at just how much we’ve been dipping into our savings lately, though. We aren’t going out at all, so we’re not spending money there. We aren’t buying a lot of gifts for the little one (our gifts are mainly of our time, which we spend a lot of with him). We really just don’t know where the money is going. It’s sad to say that as someone who wants to have a great idea of where his finances are and wants to retire way early. We just have not done a good job of keeping track of our finances since the baby was born. We figured that it shouldn’t matter too much since we aren’t spending a whole lot, but apparently we have some figuring things out to do since we are down quite a bit of money at the moment. We’re still doing fine because during our year of pregnancy, we saved up enough money to last us 5-6 months if we were in dire need (thank God for emergency savings), but we’d still like to know where our money is going! I’ll let you know if anything comes up!
March 9th, 2008 at 4:23 pm
I can definitely relate, having just found out that my wife is pregnant I recently had a bit of an anxiety attack which I have finally written about on my blog http://essentialbabyproducts.net/post/Talk-about-a-financial-meltdown.aspx. But I think we have gotten over it. Just need to do some planning and make a number of cut backs.
I hope you are getting on top of things since you posted this.