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Old Apr 23rd, 2014, 17:47 PM   1
MissN8
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Savings


Hi, is anyone saving a certain amount before ttc? I have started and plan to save 4 thousand mostly to cover mat leave. Should be finished this time next year.



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Old Apr 24th, 2014, 03:37 AM   2
Girly922
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We didn't save a huge amount before ttc because we'd just saved for a deposit and bought a house. While pregnant though I cut down on as much as I could to save for maternity leave. We managed to save about 9 grand in the time between buying our house and me finishing work at 37weeks.



 
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Old Apr 24th, 2014, 06:39 AM   3
MissN8
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Wow that's loads. Is it expensive the first few months? Suppose you will be saving on petrol not working



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Old Apr 24th, 2014, 08:17 AM   4
Girly922
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It wasn't as expensive as I expected. We bought all the nursery furniture while I was still working, and family bought us a lot of the more expensive essentials. We BF which also saves a lot of money, and I shop around for nappies because you get through a ridiculous amount in the first couple of months, and nappies aren't cheap!

I don't think we needed to save as much as we did but I'm taking the full year off and wanted to be sure we had enough to cover the mortgage in case anything happened.



 
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Old Apr 24th, 2014, 08:37 AM   5
Pearls18
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We didn't really have masses of saving for a baby (we have a few different savings accounts for other things but we didn't specifically save for a baby).

First baby was a surprise so we just had make do, which was fine we had everything new and what we wanted we just bought it gradually throughout the pregnancy, second time we only needed about 1000 to get things because we kept a lot from DS1, but again I just bought things throughout the pregnancy. We didn't need to save up for maternity leave as I have a good maternity leave package and we have more money ATM from not having to have DS1 in childcare full time and it costs me 200 a month to get to work usually. We are currently setting money aside for august though because that is the only month I am taking unpaid, DH has 2 weeks off then so we are saving to have lots of days out (we live in London) before I go back to work.

Babies are pretty cheap, you can pretty much make a baby as cheap or expensive as you like. As they get older the more expensive they become, for us the biggest thing is childcare, that really takes a dent out of our monthly expenses. And then for others it's maternity leave I guess, but as for stuff, I wouldn't fret too much. You're doing the smart thing though, and it's nice to feel prepared



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Old Apr 24th, 2014, 08:39 AM   6
Pearls18
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We've barely spent a penny on DS2 since he was born (after the initial "set up") I BF, we are using DS2's hand me downs (for now, I won't do it forever bless him lol) I think nappies is all we buy for him lol.

Oh I lie I've just bought some expensive Neal's Yard baby balm to try and get rid of his stubborn cradle cap lol. Oh and it's his christening next month and that is costing about 400 total.



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Old Apr 24th, 2014, 09:37 AM   7
Pandora0814
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I saved enough to cover my parts of the bills then my husband did the rest. When I had my son we were tight on money but we watched what we spend and we tried to make sure we had everything before our son was born.

Plus the baby shower helped out A LOT! It got us through the first 5 months very comfortably.



 
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Old Apr 24th, 2014, 12:28 PM   8
MissN8
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Yea i hope to get a few gifts too from family so not too worried about that. I am the main wage earners so for me to be off need to have money saved. It is good to be prepared i don't wanna stress about money with new baby either. I cannot wait. As you say its when they get older they will need more.



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Old Apr 25th, 2014, 02:48 AM   9
spicyorange
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Savings hahaha, I'll be happy if we don't have debts, we won't have any savings, wev never had any. I'm not worried though, in the last year wev moved house, bought 2 cars and a holiday without any savings so we will manage baby some how to



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Old Apr 25th, 2014, 02:58 AM   10
WhiteKhocol8
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Ideally I'd like to have 7000 saved but that is a dream figure. I'll be happy if I have my debt covered by then! However I do have two years so who knows - a lot could happen in that time! At least that's what I'm hoping!



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