Savings
Printed From: OHbaby!
Category: Planning Pregnancy (trying for baby)
Forum Name: Planning Pregnancy (trying for baby)
Forum Description: Trying to get pregnant? Going through fertility treatment? Just planning your first or second child? There are many people out there in the same boat to help and listen and share with
URL: https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=25826
Printed Date: 21 August 2025 at 12:03am
Software Version: Web Wiz Forums 12.05 - http://www.webwizforums.com
Topic: Savings
Posted By: yermasyada
Subject: Savings
Date Posted: 12 April 2009 at 12:46pm
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Hi x
Well one positive of it taking so long to conceive, is that our 'baby savings account' is starting to look quite healthy 
Just wondered if other people have put money aside specifically to pay for things like a pram, nursery furniture etc. It's quite hard to do an accurate budget when it's your first baby, so I was thinking around $5k would be a good start. Milliemoo |
Replies:
Posted By: caliandjack
Date Posted: 12 April 2009 at 1:44pm
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At the moment we're paying off our debt first, we consolidated our car loan, hps and cc onto the mortgage. There's a little bit to go, but once that's gone, we'll have $500 a month extra to save towards time off work.
I think for furniture etc I'll either buy off trade me, or lay-by at farmers/baby factory/city etc. I'm fortunate in being one of the last of my friends/family to start a family so there are a few hand me downs available for me. ------------- http://lilypie.com" rel="nofollow">   [/url] Angel June 2012 |
Posted By: yermasyada
Date Posted: 12 April 2009 at 1:53pm
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That's great. Sounds like you're doing the right thing.
I'm likely to splash out on a couple of important items, like the pram I want, but save on others. I'm also going to invest in a sewing machine, which I think will pay for it's self in a few years.
Milliemoo |
Posted By: FreeSpirit
Date Posted: 12 April 2009 at 2:12pm
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For me, I had 4 and a half k put aside for baby gear, and it lasted my until she was 4 months old. DON'T try to spend it on everything you think you will need, once your bundle arrives its then that you see what is going to make life easier for you, and what is really needed. ------------- http://www.babysfirstsite.com"> 
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Posted By: caliandjack
Date Posted: 12 April 2009 at 2:19pm
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Do you sew milliemoo? I bought a sewing machine with every intention of making things, DH has used it more than I have. I think it might come in useful for kids stuff, but yeah haven't used it much myself.
I'm putting $$ aside more so I can have more time away from the work force. I think babies probably get more expensive as they get older etc ------------- http://lilypie.com" rel="nofollow"> [/url] Angel June 2012 |
Posted By: yermasyada
Date Posted: 12 April 2009 at 2:44pm
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I haven't sewn for years, but it's something I'm keen to start again. I've made baby clothes in the past, but would also use it for home furnishings as well.
I'd love to start knitting...just haven't got round to it yet. There's a local girl who does classes, so might go along to a couple. Milliemoo |
Posted By: monkey33
Date Posted: 12 April 2009 at 3:55pm
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I agree - the longer it takes the healthier our baby savings looks
I have planned to save about $7k for baby stuff - probably too much and if we come under that it will be a bonus but it will be there just in case. |
Posted By: LouD
Date Posted: 12 April 2009 at 5:55pm
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I was too scared to come into here. we are lucky to have a spare $50 a week left after basic stuff most weeks, and that goes into savings, but then gets used for things like DS birthday coming up and theres always something
to have the luxury of having spare money to save that much that quickly would awesome!! If we were still in aussie we would definetly have that money saved and quite fast. I am relying on lots and lots of hand me downs, plus im a good bargain hunter so will slowly get things as i see a good deal, but after i know the gender But I do want to save enough to help top us up on the maternity payment IRD gets us, cos it wont be enough to survive on and then im also hoping to get to 6months before heading back part time to work.......although i may end up having to go back after 3 months if we run out of money, but wil only need to work enough hours to cover what we basically need.......i do also hope that my DH gets a payrise before then cos hes barely past the minimum wage...........the whole money thing scares me actually!!!!!! |
Posted By: minik8e
Date Posted: 12 April 2009 at 10:05pm
| We have very little savings, and what we do have is earmarked for renovations needed before the babies arrive...at the moment anyway. We do save $100 a week though, which is over and above the renovation fund, and will help for the 8 weeks I am off work before PPL starts. We can afford to live on DH's wage plus PPL and still have some money left which is quite good - and I think our priorities will change hugely anyway. We have been given or lent most of the stuff we need, except the two cots, which we will be getting off TradeMe...otherwise it's small expenditure things which just fit into our normal pay money. I am also paying extra on the power and phone bills so we are in credit and don't need to worry about them. |
Posted By: lilfatty
Date Posted: 13 April 2009 at 5:29pm
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Yeah we started saving once we found out we were pg with Isabelle and bought most of her stuff while we were on two incomes.
Now that we have Elias coming (and we live off one income) we started saving (again) as soon as we found out he was on the way. We already put $50 week into Isabelle's savings account and we then started putting aside $50 a week for Elias. That money is for their first cars and other non essential items lol. On top of that we save $350 week for my maternity leave period as even with the maximum PPL it wont come anywhere near paying for our expenses. At least we know that we can save .. I "live" so much better with a goal ... once I go back to work we are going to start saving for a trip back to DH's homeland with a stop over in Disneyland. I find I really need a goal .. otherwise I just spend spend spend lol ------------- Mummy to Issy (3) and Elias (18 months) I did it .. 41 kgs gone! From flab to fab in under a year  http://www.femininefitness.co.nz/category/blog - LFs weight blog
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Posted By: clover
Date Posted: 14 April 2009 at 9:03am
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We have been saving for a house since our wedding last year and will keep putting my salary and a bit of DH's into that (nearly there!).
Last week I got a small payrise (3.4% but not bad in the current economic climate), plus a bonus, so the bonus, the payrise and the tax cuts that we each get from 1 April will go into a new account for baby. Now we just need the baby.... ------------- http://lilypie.com"> 
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Posted By: busymum
Date Posted: 14 April 2009 at 12:04pm
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We saved equivalent to our weekly budget x 12 weeks so that I could take a full 6mos off work instead of just the PPL for 14. -------------  |
Posted By: Nikki
Date Posted: 15 April 2009 at 9:18am
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Yep, I think we spent $4-5K on the main baby stuff, so you're probably aiming at about the right amount. ------------- DS (5yrs) and DD (3yrs) |
Posted By: Babe
Date Posted: 15 April 2009 at 10:27am
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My aunty and uncle saved one whole income when they were both working and lived off the other. Meant they were used to living on a budget when the boys came along and they had a hefty amount put away. I had to leave work when I got preggers coz I was so sick and the ex wouldn't put any money aside for baby except for a secondhand cot (I was lucky though managed to get a Touchwood for a couple of hundred). My parents gave me the buggy I wanted with a capsule that fitted it and the rest was hand-me-downs or family heirlooms like the bassinet every member of my family has slept in for 3 generations. I think anyone who is able to put money aside is lucky but its possible to do it on a really tight-ass budget too. -------------   
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Posted By: millysmum
Date Posted: 15 April 2009 at 11:53am
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I was thinking abou the same ammount milliemoo. My plan was to save $150/week for 40 weeks. Started this at the beginning of the year so hopefully I get pg soon. I have collected lots of stuff and i'm a big sewer so clothing is something we won't need. I love sewing little people things. My mum will get the cot and pram and my sister will get another furniture type item when the time comes. ------------- http://lilypie.com" rel="nofollow"> 
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