6 month old baby has turned the lightbulb well and truly ON !!!!

gimpymoo

Having recently became first time parents and in the process of moving home and while reading this forum for mortgage advice... someone switched the light bulb on... Infact, it was our 6 month old bundle of joy.

Having a child has really spurred me as I do not want our children to grow up with mummy and daddy in lots of debt, scraping by, meeting minimum payments and thinking thats the way to live. There is more to life than that and once the debts are cleared, we will ALL have a better life (And savings).

Im under no illusions it will be a walk in the park and I understand the next 7 years (Hopefully sooner) will not be easy as it will mean serious budgeting like weve never done before... but for the sake of our kids (and ourselves), it WILL be worth it.

Current Debt = £15,000 - Nearly ALL Credit Cards

Will post the SOA in the next 24 hours.

A big thank you to Martin and Tony H for the budgeting spreadsheet.

To whoever pays to keep maintain and keep this forum alive, thank you

Does whoever pays to maintain the site have a preferred charity I could make a donation to as a thank you?

kathfisch

Congrats on the lightbulb moment.... onwards and upwards from here! :T

Once you've got your budget/SOA together definitely post it on here for lots of useful advice!

Congrats on your 6 month old! :T Have you had a look at the Old Style and Marriages, Relationships and Families boards? There is lots of useful information about moneysaving when bringing up babies/children as well as lots of other stuff!!

Martin does have charities which this site donates to... there's info here: http://www.moneysavingexpert.com/aboout.phtml#fund

sdj25

6 month old baby has turned the lightbulb well and truly ON !!!!

that's amazing - I couldn't even walk until I was 16months! Smart kid!!

david_hellier

I'll take a look at your SOA

MoneySavingMum_4

Well done for making a start - I think that was the hardest part for us - adding it all up and wondering where on earth all the money had gone.
Exactly the same thing happened to me (baby & lightbulb moment), and I'm really glad about it even though it feels like hard going sometimes.
Good luck with the house move - hope all goes smoothly.
P.S. Have you joined the Boots Parenting Club? The extra points have been saving me loads.

Mrs_Sparkle

Good luck! And congratulations on your baby. I know exactly how you feel as I'm expecting my first baby in 4 months time and don't want to bring it up in my debt-ridden household for the rest of its life.