I love numbers and math and spreadsheets and all that stuff. But nothing keeps me up more at night than when I’m thinking about money. And not in the good way. No Scrooge McDuck here, folks.
So that brings me to the topic of this post: Budgeting, especially for baby…things. I don’t have any children yet, so I have no idea how much a bottle costs, or diapers, or wipes, or food, or formula, or clothes, or…well, you get the idea. And I know having kids is a big wallet-drain.
About 2 years ago, my parents got Christine and I this great budgeting kit from Dave Ramsey called Financial Peace University. If you’ve never heard of him, he is a strong Christian man who made tons of money in real estate, then lost it all, and has been able to re-make himself into what I assume to be the equivalent of a gajillionaire – give or take a few jillions. And his Total Money Makeover book and site is a great resource. He also has a daily radio show and his own TV show. The guy is great, and I love how he tells you like it is and doesn’t sugar-coat anything.
Well, like any good student, I popped in the DVDs and Christine and I went through the workbook together, figuring out our budget TOGETHER, learning about investments and car loans and all sorts of things we never really took interest in before. And we have had “Gazelle Intensity” on and off ever since (Check out the site to understand what that means). Of course we have had our setbacks, but we continue to set up and re-tool our monthly budget every month.
But now that a little mini-me is on the way, it’s time to get back to the grindstone and working on getting out of credit card debt and saving money.
My question to you, readers, is: For those of you with kids, how much have you budgeted for baby stuff every month? Or, do you even have a budget? Also, any tips or tricks for some new parents on saving money on certain items or things to avoid wasting money on? Also, what tips do you have for keeping our sanity during the first few months? A mandatory date night every month?
Our wallets and sanity thank you!