Author: Mr and Mrs DDU.
We are still feeling over the moon after finally becoming pregnant. It’s a great feeling! Though the physical effects for Mrs DDU aren’t all that fun right now.
Now that we’re pregnant we have quite a few things to think about, not just baby things but a few financial things too.
We have been diligently saving away cash for IVF because we didn’t know how long or how many tries it was going to take. Luckily, we were successful with our first full attempt. So what do we do with the money we have left over and the new money that Mrs DDU is earning as an assistant?
With the cash we have left after IVF we’ve decided to divide it into the following:
– Some of it for all the baby expenses we’ll have over the next 9 months.
– Bump our emergency fund up into a (just) 5 figure sum.
– Remainder into savings for baby #2 IVF fund and let compound interest help us substantially.
We want to have strong financial foundations. We will be earning a decent 3% interest on any cash savings, so we are willing to have a fair bit of cash.
But what about all of our monthly savings rates going forwards?
Well, now that we’re pregnant we have decided to invest at least $1,000 a month into shares. This is very exciting to be able to have a regular investing plan going forwards from here. In-fact, we’ve already made 3 purchases since becoming pregnant which we will share in posts soon! It has meant our portfolio has finally moved into being 5 digits big.
We won’t achieve Financial Independence in one year, but this is the start of where the snowball begins rolling for us.
After having circumstances against us for so long, it feels great to finally have our baby on the way. Now we can unfold our financial wings and start flying upwards.
Thanks for reading this article about our financial journey Down Under.
Onwards and upwards!