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News Upon News

February 22nd, 2018 at 12:54 pm

I've been swamped...the reason? We're expecting!

Now, that it's actually happened, DH and I buckled down into panic mode to make sure we can properly afford this. I think it all seemed like a distant pipe dream, and I seriously regret not doing it sooner, but we can only look forward.

Here's where we're at so far:

1) Paid off Mariner Finance personal loan...So long, farewell, auf Wiedersehen, goodbye!
2) Sent our tax return straight to savings - $3200 and counting
3) Used PTO payout to pay down some other debt. From my calculations, I should be pay able to pay several things down/off by June. (Baby is due shortly after that.) The payoffs add up to several hundred extra dollars a month.
4) Discussed maternity leave with work.
5) Began accumulating baby things - My dad and stepmom gifted us a crib with changing table, we bought a discount Ikea dressed for $120, and we have clothes covered for the first year due to a few resale lots and hand-me-downs from my friend's almost 1 yr old son. Friends have committed to loaning/giving us the following: infant seat/stroller, bassinet, swing, and probably more that I'm forgetting. These same wonderful people also provided my maternity wardrobe, so no costs there.
6) Furnished upstairs: we have a fireplace area that is currently unfurnished. Our fall to-do list includes getting the fireplace working, so we were debating furniture to be able to use the space. Luckily, DH's dad is a home contractor. One of his clients gave him a newer furniture set. They're keeping that one and asked if we'd like their current living room set. Voila! Living room furniture. It's old and outdated, but at this point, we'll take it!
7) We do need to some prep to get the nursery ready, but FIL will take care of that for us.

DH took on out of town work since it has more hours and per diem. He's also working any and all overtime. Any and all extra money is currently being split between savings and debt. Is this a good plan? Should it all be one place or another?

P.S. As I typed it all out, I realize how fortunate we are. Could we better off? Most definitely, but we have a good support system and were able to avoid most new-parent expenses.

P.P.S. We still miss our dog like crazy. Two days after we lost him, we saw our little boy for the first time.

14 Responses to “News Upon News”

  1. patientsaver Says:

    Congratulations; such an exciting time, for sure

  2. NJDebbie Says:

    Yay, congrats!! May I suggest Frugalwoods.com and www.andreadekker.com. These excellent bloggers have small children and they often write about living frugal.

  3. Wink Says:

    Congratulations! Sounds to me like your planning is solid. And really good job on accumulating/borrowing things for free!

  4. Carol Says:

    Congratulations!! So happy for you!

  5. Buendia Says:

    Congratulations! You are already in the right mindset, so you will be absolutely fine financially!

  6. creditcardfree Says:

    Congratulations! You are going to do great.

  7. CB in the City Says:

    Congratulations! You are indeed fortunate, in your friends and family.

  8. MonkeyMama Says:

    Congrats!

  9. Debt-free by Thir-ty Says:

    Thanks everyone! We're really excited to start our journey as parents, but I do regret not planning ahead better with regards to finances.

  10. scottish girl Says:

    Congratulations!!

  11. ceejay74 Says:

    Congratulations! You are doing GREAT on minimizing buying things. We did the same thing, and in fact we are on the radar of a couple people with older daughters who have kept funneling their outgrown clothes to our kids, so we barely ever have to buy clothes (besides underwear, socks, shoes and winter stuff, which get super worn out as kids get older and more active).

    This is a ways in the future, but as your kid starts eating things besides milk/formula, you can make your own baby food! We never bought the jarred stuff. I just cooked veggies and fruits, blended them up, and then froze them in ice cube trays (then dumped into baggies or tupperware). It's much cheaper, I think.

    Someone loaned us a Baby Bjorn carrier, and that was amazing too. They're kind of expensive but SOO useful and very durable -- we handed it back to the person so they could loan it out again

  12. FrugalTexan75 Says:

    What good news!

  13. rob62521 Says:

    Congratulations! Lots to look forward to!

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