Finances

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lemonlemon's picture
Joined: 12/30/07
Posts: 1904
Finances

Whats everyone doing regarding finances for when your pregnant/have baby?

With DS it seemed so much easier because we had no other kids, so we could just save up (we didnt own a house or have daycare bills or anything)

I also worked a lot more then, now I make like 1/2 as much as I was before and have double the bills.

Therefore, I've really been trying to plan out the finances, because the ONE thing I dont want to worry about when Im pregnant or the baby is here is money.

Kevin is really really really big on finances, and his main reasoning for not wanting more (than 2) kids is because he said people cant afford more kids... (I think because he grew up soooo poor he is so set on not raising kids and being poor?? idk.. its kind of annoying because i want a lot of kids, and feel everything will work out)

Anyhoo, so I REALLY need to start budgeting better. And stop my shopping.

One thing I've been doing is paying my car (we just got a new car so now i have another car payment ugh) ahead. So now its paid until march, and I'm just going to keep paying it ahead so when the baby (banking on we get pregnant sometime..eventually!) gets here I can have a long time w/o having to worry about that payment.

Also been trying to pay other bills ahead- like wsg, pud, cable.. but havent done so well on that yet, probably when I get pregnant I'll start paying them way up, at least until tax return time.. the less bills due= the less i'd HAVE to work= the less stress.

Also- Brodys in daycare MWF and its like 250$ a month. Plus he has preschool TuThur/ @ 150 a month... sooo he doesnt like his MWF and we dont realyl NEED it (Kevs on days now and I've been working at like 2pm...) so its pointless to pay that much for only 1-2 hours of care that we really need, PLUS the major thing is- he doesnt like it there and cries!! SOOO I'm obligated to pay the rest of the school quarter- so one more payment, and then they're closed in december for a month.. so Im thinking I wont send him back in JAN... His tue/thur preschool should be enough for him.. I hope???

That'dsave me like 250 a month, and he'dbe happier, and we'd have more time together... Technically that means I could even work less and still break even... so that'd be good, I'll prob try to just use the 250 I would of spent on that, towards a bill, like my car or something.

Me and Kevin arent married, but own a house and share bills, evne though we designate he pays some and I pay some (he pays most obviously) but we dont "use" eachothers money or bank accounts- so it feels like it puts more stress on me kind of.. because I have to pay my share of the bills and spend whats leftover... (I have student loans/financial aid from school) and obviously when I have teh baby I wont be getting my loans/aid anymore, so Im trying to figure all that out and how to work it.. and kevin I know would pay more bills but I dont want any money tension.. i feel money is one of the biggest stresses in a relationship..

Also- going to TRY.. very hard.. to not go so crazy shopping for this baby... gonna try to use craigslist and not "decorate" so much... maybe paint ... but not have to buy 1000x matching items (my hormones ran crazy last time IDK what I was thinking m ost of the time)

OH PLUS.. no insurnace== expensive delivery. yikes!

Sorry for rambling, just wondering what everyone else was doing to "save up" or how you were going to manage with the additional costs

glwolf's picture
Joined: 09/26/11
Posts: 928

i am trying really hard to get stuff on craigslist so i don't spend alot. i'm so mad cuz i just sold off all the stuff i used for my 1st 2 cuz i didn't think i wanted anymore. i mean for a long time i thought i was done and then all a sudden it was like "uh... honey... i want 1 more" LOL I always wanted 3 or 4 and it just didn't work that way so at least i'll have 3 if i get pg soon.

but since i sold everything off when we moved here i don't want to spend alot buying stuff for this baby or DH will kill me LOL

XplatinumXpixeyX's picture
Joined: 06/28/05
Posts: 324

I still have allot of things still from when DD was born, like Baby wash, lotion, powder, diaper rash ointment, and stuff of that nature. Allot of hers stuff we got to reuse for the next one, so that meant unisex pack n play, swing, car seats, stroller. I won't need that much for #2 but a few things and some clothes for the Summer season since DD was born in the winter. I'll probably start stocking up on Diapers again when I'm pregnant like I did with DD so I don't have to worry about that when the baby is here. Possibly Hitting up clearance clothing sales and stocking up on stuff for when I'll need for the right season.

yellow.rose.of.canada's picture
Joined: 01/13/10
Posts: 1173

Honestly, I'm really lucky now that I'm in Canada because all my medical costs are completely covered. I only pay my $100 a month premium. With DS, (he was born in Bellingham, Washington when I didn't have Canadian healthcare) we had to pay over $30,000 because he was in the hospital with a hole in his heart. Our insurance dropped us and didn't pay for anything. (yay, Aetna!)

Anyway, since I haven't been able to work in Canada due to immigration, I've stayed at home so I haven't had day care costs. So honestly, for me, there's the one time costs of big items (car seats, cribs, etc) but besides that it's basically diapers. Which this time I will probably do cloth diapers, so those will be a one time expense as well.

But your situation really sucks. When we lived in the states when DS was little, we could never afford anything because the jobs in Montana did not pay enough. It was awful.

XplatinumXpixeyX's picture
Joined: 06/28/05
Posts: 324

"yellow.rose.of.canada" wrote:

Honestly, I'm really lucky now that I'm in Canada because all my medical costs are completely covered. I only pay my $100 a month premium. With DS, (he was born in Bellingham, Washington when I didn't have Canadian healthcare) we had to pay over $30,000 because he was in the hospital with a hole in his heart. Our insurance dropped us and didn't pay for anything. (yay, Aetna!)

Anyway, since I haven't been able to work in Canada due to immigration, I've stayed at home so I haven't had day care costs. So honestly, for me, there's the one time costs of big items (car seats, cribs, etc) but besides that it's basically diapers. Which this time I will probably do cloth diapers, so those will be a one time expense as well.

But your situation really sucks. When we lived in the states when DS was little, we could never afford anything because the jobs in Montana did not pay enough. It was awful.

How was your move to Canada? DF and I have thought about eventually moving there because of how crappy things are here in Pa particularly. We hate how people who abuse the system get all the help they need but we can't get any help when we need it because we make to much. I'm sick of how the US government works.

yellow.rose.of.canada's picture
Joined: 01/13/10
Posts: 1173

"XplatinumXpixeyX" wrote:

How was your move to Canada? DF and I have thought about eventually moving there because of how crappy things are here in Pa particularly. We hate how people who abuse the system get all the help they need but we can't get any help when we need it because we make to much. I'm sick of how the US government works.

Canada is really friendly to Americans. I just finished getting my permanent residence, and dh has his green card. My pr card was much, much easier to get than his. Plus, Canada lets you live here while you're waiting on your paperwork.

For me it was easier because DH is Canadian. I know that they are really backed up on processing immigration applications, but they're rolling out a new ten year visa to come and work and live in Canada while waiting for your application to be processed. Seriously, I love it here. I miss the states, but don't miss the stress over health insurance, lack of jobs, etc. And you get extended maternity leave
(from 10 months to a year depending on your company's extended benefits) at about 65% of your pay I think (a lot of companies top that up to 100% as well). Also, if you do have to pay out of pocket for a medical procedure, it's chump change compared to the cost in the U.S. For instance, the same ultrasound I had in the US which cost 800 dollars, cost 200 here. I don't think we'll ever move back to the states.

XplatinumXpixeyX's picture
Joined: 06/28/05
Posts: 324

"yellow.rose.of.canada" wrote:

Canada is really friendly to Americans. I just finished getting my permanent residence, and dh has his green card. My pr card was much, much easier to get than his. Plus, Canada lets you live here while you're waiting on your paperwork.

For me it was easier because DH is Canadian. I know that they are really backed up on processing immigration applications, but they're rolling out a new ten year visa to come and work and live in Canada while waiting for your application to be processed. Seriously, I love it here. I miss the states, but don't miss the stress over health insurance, lack of jobs, etc. And you get extended maternity leave
(from 10 months to a year depending on your company's extended benefits) at about 65% of your pay I think (a lot of companies top that up to 100% as well). Also, if you do have to pay out of pocket for a medical procedure, it's chump change compared to the cost in the U.S. For instance, the same ultrasound I had in the US which cost 800 dollars, cost 200 here. I don't think we'll ever move back to the states.

You just made us want to move there even more then we did before Lol

Steph604's picture
Joined: 01/15/08
Posts: 44

I have never lived in the states but Canada is pretty good Smile Maternity leave is 50 weeks at 55% of your pay. Some companies top it up. Medical is about $50 a month or $120 for a family of three. That covers everything and we dont have copays or anything like that. When we go to the doctor or go for an ultrasound, blood test etc, no money is ever paid. The only thing is we pay higher taxes on our income.