Edinburgher gets cracking!

Laura2014

edinburgher wrote: »

:wave:

We are having a baby.

:j

Just seen this. Congratulations. :beer: So pleased for you both:j

My friends who has recently had a baby saved up the difference between her full salary and maternity leave to enable her to have a year off work. It sounds like though you have already got a plan in place :money:

Lovely news x

edinburgher

My friends who has recently had a baby saved up the difference between her full salary and maternity leave to enable her to have a year off work

I don't think we'll manage the £10k required for this in the next 6 months, but well done to your friend :T

• £3.08 to Freedom Fund
• £10.53 to 2017, I get the impression more new pots are required
• NSD today
• 4 mile run tonight, RICE worked really well for my sore calf last night, much better now

pennyforthepot

Just doing my diary catch up when I came across your great news
:j:beer:CONGRATULATIONS :beer::j

Soooo pleased for you both

I could write you a list of your impending kiddy spends over the next 18 years - but I won't. It's too depressing and it looks like others have beaten me to it.

My only piece of advice is to put the monthly child benefit into a kids ISA or high interest account from day 1 - you will never be tempted to spend it if you've never had access to it and it will come in so useful when said kiddy is off to uni (shame I didn't do that myself )

PFTP x

Busymumofthreeplusdog

pennyforthepot that's what we did and I'm so glad as DD1 is talking uni and I'm hearing horror tales form friends about student accommodation of £500-£750 per month!

So I too would recommend investing the chid benefit(while we still get it) and any other cash gifts you get in the early days( before they have their own opinions as to where is should be spent!).:money:

Dot_Common

Edinburgher, I've just been doing some diary browsing (and read through all of yours - do I get a medal?!), and just wanted to add my congratulations :beer: (speaking of beer, ime Bitburger Drive is the best alcohol free beer, if that helps Mrs E!)

edinburgher

do I get a medal?

A medal? I think you're now qualified to retire! :rotfl:

Re. all the comments on nest eggs:

BabE will doubtless be provided with something to get it on the right path, but we may not be able to save every penny of Child Benefit for this purpose. There's also the fact that you get less for any further children (which is fair enough), meaning that we would need to make up the difference for any future kids.

If I'm honest, I'd rather the nest egg was used to secure a home, or to start up a business etc.

It will doubtless all change by the time they're 18+, but I believe that one shot of university is currently free in Scotland? Living in Glasgow, we've got multiple Russell Group universities within an easy commute. I will try my hardest to make sure to make my kid/s feel welcome enough so that they can hold off moving out until they graduate. I basically wasted £14k on rent during university because my parents and I didn't get on at the time.

I think that this decision/possibility is up there with not smoking as a key life decision pre 20 years old.

Calfuray

edinburgher wrote: »

A medal? I think you're now qualified to retire! :rotfl:

Re. all the comments on nest eggs:

BabE will doubtless be provided with something to get it on the right path, but we may not be able to save every penny of Child Benefit for this purpose. There's also the fact that you get less for any further children (which is fair enough), meaning that we would need to make up the difference for any future kids.

If I'm honest, I'd rather the nest egg was used to secure a home, or to start up a business etc.

It will doubtless all change by the time they're 18+, but I believe that one shot of university is currently free in Scotland? Living in Glasgow, we've got multiple Russell Group universities within an easy commute. I will try my hardest to make sure to make my kid/s feel welcome enough so that they can hold off moving out until they graduate. I basically wasted £14k on rent during university because my parents and I didn't get on at the time.

I think that this decision/possibility is up there with not smoking as a key life decision pre 20 years old.

Currently. Wait and see what happens with independence

edinburgher

Calfuray wrote: »

Currently. Wait and see what happens with independence

Why are you talking like it's a foregone conclusion?

Busymumofthreeplusdog

edinburgher wrote: »

A medal? I think you're now qualified to retire! :rotfl:

Re. all the comments on nest eggs:

BabE will doubtless be provided with something to get it on the right path, but we may not be able to save every penny of Child Benefit for this purpose. There's also the fact that you get less for any further children (which is fair enough), meaning that we would need to make up the difference for any future kids.

If I'm honest, I'd rather the nest egg was used to secure a home, or to start up a business etc.

It will doubtless all change by the time they're 18+, but I believe that one shot of university is currently free in Scotland? Living in Glasgow, we've got multiple Russell Group universities within an easy commute. I will try my hardest to make sure to make my kid/s feel welcome enough so that they can hold off moving out until they graduate. I basically wasted £14k on rent during university because my parents and I didn't get on at the time.

I think that this decision/possibility is up there with not smoking as a key life decision pre 20 years old.

When I was at college ahem 20+ years ago the tuition was free and a grant was provided on a means tested type basis. I lived in Glasgow but got a place in an Edinburgh institution. The days were long so commuting was not an option and I couldn't afford a car. But living in Edinburgh was a blast! I so hope when my kids reach uni age ( in approx 3-10 years) the courses are still free! As my folks still live in Glasgow I'm hoping to guide them to within commuting distance of my parents spare room!;)

I'm so glad we did put the child benefit aside, although I worry it might be a drop in the ocean.:(. That said my parents were not in a position to give me money in my student days, I supplemented my grant by working. Where there's a will, there's a way!

Calfuray

edinburgher wrote: »

Why are you talking like it's a foregone conclusion?

I really, really hope not. I've just got some right idiots on FB and they're always the ones who speak the loudest, eh?