IQ:  Recommendations on how to plan to save for big event planning: EX: Wedding or preparing to have a family

A:   DO IT.  🙂

First step would be research – how much is the budget for the wedding?  Will other family members be kicking in? What are the out of pocket expenses that insurance won’t cover for the baby?  What are the non-medical expenses (crib, diapers) – both initial set up and ongoing?

When is this happening?  How many months do we have to save up?

If you know you will be having the baby in 6 months, take the amount of money you want to have when the baby comes and divide by 6.  Look for expenses you can cut and possible ways to grow your income to come up with the money.

I would say it’s also ok to give yourself a bit of grace and know sometimes we make choices that don’t make sense financially, and such is life.  It’s tradeoffs, right?  We don’t want to be completely irresponsible, but there’s no prize for making it through life saving every penny but not enjoying your life (Ebenezer Scroge taught us that!).

Are you ready to get your financial life on track? I can help.  Let's talk live to see if you are a fit for one of my programs.  Pick a time on my calendar at https://lisaduke.net/schedule