27/04/2023
💭Why on earth is this blouse so freakishly small - I was asking myself 🤔
Oghhhh, I freaking forgot 🤦🏻. I washed for the first time (ever) my son’s clothes😅. For a second I completely forgot that I planned to wash them and somehow, once I saw it didn’t make sense: why is this so small.
Well, this is a first ❤️
As we are becoming a parents, we started doing some research on how should we prepare our budget. Therefore, we asked other parents. And as you can imagine, we found two extremes and very few people in between:
the most popular advice was: prep yourself. Your kid will be super expensive. You need to be ready to take a hit financially and say goodbye to your motorcycle and your future sound systems 🫣 maaan this sounds scary.
On the other extreme, not as common as the first one, was my hippie-pragmatic friends saying: Rares, a kid doesn’t need to cost much. It’s how much you allow it to be.
I will repeat this: the kid will cost how much you allow it to cost. Wow! This 🤯 my mind!
This is where I took off my curious-parent-hat and exchanged it with my financial-educator one.
Agh, they are right!
And yet, this is another budgeting exercise.
When you control your budget, then you know how much space you want to create for your kids (or any other area of your life).
My wife and I approached this very practical & budget oriented: we put a significant amount of money in high-quality-highly-used infrastructure like: stroller & car seat. This will be used a long time and we need it to just work. No sweat. Just needs work smoothly. So we bought new and good quality.
Clothes, on the other hand - we bought only second hand so far and we got to a point where he has plenty. Buying them new would have easily cost us €1000. This way, we paid less than €100.
It’s soo damn important to build boundaries in your life, including with your money.
Hey, do you struggle with controlling your financials? Write me and I’ll be happy to give you a few tips.