Then, consider what you’re bringing to the table. Do you currently depend on one paycheck or two? Will you still be able to work after you’ve had a baby? Will you be able to live and raise a child on your current income? How stable is your income, and how stable do you expect it to be over time?
When all your numbers are together, compare what you expect your income to be with what you think your expenses will be. If you have more money going out than coming in, ask yourself what you can reasonably do to balance your budget. (Avoid plans that will overextend you and cuts you know will be hard to stick to.) Once you add everything up, you’ll have a better feel of where you’ll be financially.
Post Comment