Budgeting After Having Kids
Life really does change after having kids, focuses shift and priorities change – that’s life, isn’t it?
When we had Aj, I finally understand what the ultimate childcare was about! That thing hit me hard! I honestly didn’t realise how much it would cost till we started making inquiries! Then we went for number 2! My husband thought I was crazy, after all, one child is enough, right? Nope!
With two kids I’m definitely learning more interesting ways to budget and save a few pennies here and there, even more so while I’m on maternity leave.
A few of the changes we’ve had to make are
- Online food shopping – this is great on so many levels! I don’t have to go to the shops with a toddler AND baby, I get to work towards a budget and it also reduces the amount of temptation I have to resist! Win-win for everyone!
- Reduce childcare cost – while on maternity it didn’t make much sense for Aj to still go to nursery full-time seeing as I would be at home. That said, I knew for my peace of mind it wouldn’t be best for her to be home all day with me as I won’t be able to give her the level of attention she needed because of Junior. We reduced her hours instead so we saved up some money there – temporary fix but handy around this time.
- Vouchers and deals – yes, I’m always up for a good deal, including loyalty points. I’ve been able to save some money by looking for great deals and discounts – I don’t work for Moneysupemarket for nothing!
If I had more left over from my budget I would definitely travel more! I haven’t been home in years and I’m looking forward to taking the kids back to Nigeria on a proper holiday, they would be so excited about the whole trip – getting on a plane, meeting new/old family and friends, experiencing the culture and the sights! Heck, I’m excited about taking them home, especially when Junior is that little bit older so I don’t have to carry him about!
But till then, I’ll continue to ‘budget’ towards that!
If you’d like to read up some more about budgeting tips and advice for parents visit Legal & General website.