Comments on: October 2008 Budget: Back in the Black /blog/october-2008-budget-back-in-the-black/ getting the most out of life one penny at a time ... Tue, 06 Jul 2010 04:01:34 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: San Francisco Financial Planner /blog/october-2008-budget-back-in-the-black/comment-page-1/#comment-2550 San Francisco Financial Planner Wed, 05 Nov 2008 17:58:36 +0000 /blog/?p=225#comment-2550 Wow! - Congrats on putting together such an amazing budget. I rarely hear of someone being able to save over 50%! And congratulations on you forthcoming child - some advice for baby finances: STUFF YOU BUY FOR BABY: Consider waiting until you know more about your baby’s interests and personality and what your lifestyle will be like with baby. What you think you want pre-baby may change after you actually have your baby and see what the reality is. If you absolutely must have the $2,000 crib, consider getting a less expensive stroller. Most importantly, if you want the top of the line crib, plan for it and give yourself permission to spend the money and enjoy it. Know where the money is coming from to do all of the start-up stuff: is it from your income, on a credit card, or from your savings? I your situation, you could draw from your savings (emergency fund and./or extra cash in the checking) and just plan to replenish that account over the next 4-6 months. Wow! – Congrats on putting together such an amazing budget. I rarely hear of someone being able to save over 50%! And congratulations on you forthcoming child – some advice for baby finances:
STUFF YOU BUY FOR BABY: Consider waiting until you know more about your baby’s interests and personality and what your lifestyle will be like with baby. What you think you want pre-baby may change after you actually have your baby and see what the reality is. If you absolutely must have the $2,000 crib, consider getting a less expensive stroller. Most importantly, if you want the top of the line crib, plan for it and give yourself permission to spend the money and enjoy it. Know where the money is coming from to do all of the start-up stuff: is it from your income, on a credit card, or from your savings? I your situation, you could draw from your savings (emergency fund and./or extra cash in the checking) and just plan to replenish that account over the next 4-6 months.

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