
How did managing your bills and finances change when you had a baby?
My husband and I are pretty organized with our finances, after each living on our own and being single for years (before we met and got married in our 30s). Right now we manage them through separate Excel spreadsheets combined with online banking/billpay. We dump Money into savings, and I manage most of the bills. If (when) I get pregnant and we have a baby, I am nervous I will be too busy/tired and forget to transfer funds or pay bills. We will already be trying to watch money, so I don’t want to rack up late fees. What do other parents do to manage finances?
you already sound like you’re much more organized than the average person and doing a great job! just keep doing what you’re doing, and let your husband take most of the work while you’re tending to baby. You can also set up automatic payments through your bank for all your regular monthly bills like phone and utility and get e-mail reminders when accounts are due. my husband and I do a lot of our bills that way and it’s been awesome, we never miss a payment. Also, just be very frugal about what you’re spending money on. you won’t be going out that much and chances are you will be cooking at home a lot and that will save you more than you might think. also, a financial advisor is a great way to spend money wisely and help your funds grow.
Organizing Tip of the Day- Organize Your Money with Mint.com
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