DH and I are going to have to get on a serious budget! I have gone down to part time and we've been spending like I'm still at full time. Thankfully we had a little nest egg that we saved up but we're going through it like wild fire. NOT GOOD! I need to come up with a managable way to track expenses and get on a budget so we're not depleting our little savings.
I am sure other mamas have faced this and I thought rather than reinvent the wheel I'd ask how you did it. It has to be something that can be managed in relatively little time since I'm already drowning in mama duties, housework, regular work, and life and I can't add anything too cumbersome to my existence.
Any advice or pointers on how you track it all would be super.
First and foremost, Mama to Owen (7/21/04), Annaliese (7/29/09), and somebody new (due Feb 2012), and wife to Andrew (9/12/98). Also passionate about and loving the work I do in Organizational Development.
When Ben was tiny, we had a meeting with a very fancy money guy (a reference from a good friend, this guy really only takes millionaires as clients but he met with us for free) and he told us first off that almost everyone has a rough money spot when they have their first baby and mom stops working, etc. That alone made me feel better and not so out of control insane. Then he told us to cut back as much as we could to get through the rough spot. Pay only minimums on credit cards, cut out any extra things like cable and cell phones, etc. Once you have extra, you can add them back in.
OH, and huge thing, CUT UP THE CREDIT CARDS!! We are paying the price for not doing this right now and if you can at all survive without credit, do it!
Robin~ single, work-at-home momma to my homeschooling WonderBoys
YoungMan (6/00) & LittleBoy (6/04)