Money Talk » Budgeting for a New Lifestyle


While pregnant with my third child, I knew I had to limit my spending and start budgeting our money. It’s been a hard and very stressful road. I got pregnant unexpectedly. Now I was trying to have a third child early 2012, but after six months of trying, I gave up hope. Talking to my doctor, he said that a woman loses 90 percent of her egg count at the age of 30!

I had turned 30 in October 2011 and the fact that I might never have kids again made me a little sad but I thought to myself “I already have two wonderful little girls. If I have another that’s great. If not, I shouldn’t get depressed, but just move on.”

And so I moved on. I booked the family a trip to Disney World for November 2012 using the money I had saved up planning for a pregnancy. Two weeks later I found out I was pregnant.

What am I supposed to do? Cancel the trip? Or tighten my budget? I decided to budget because canceling the trip would break my kids’ hearts. And I couldn’t see them that sad.

Currently I have no debt. I have a mortgage on my house and a car note. I know many of you are in worst or even dire circumstances. Hopefully some of these tips will help.

Step 1: Analyze your money.
Where is your money coming from?
Child support?

Step 2: Supplement your income.
Is there something else you can do to help your income?
Sell your clothes on Ebay?
Have a skill you can freelance?
Do you think you can handmake something to sell on Etsy?

Step 3: Set a Goal.
What do you want to save up for?
A pregnancy?
Emergency fund?
College fund?
Paying off school loans?

Step 4: Decide how much you want to save.
Most financial analysts recommend saving 10% of your weekly paycheck. For example:
Weekly income: $300
10%= $30 a week
Per month = $30 x 4 = $120
Anually= $120 x 12 = $1440

Is that how much you want to save? Or are you looking to save a lot more?

Step 5: Set up a high yield savings account.
High yield savings account lets you earn interest on top of your balance. Go to to compare which banks has the highest rate for your needs. I have an account with Ing and Discover. I wouldn’t recommend Chase or Bank of America. They tend to have the lowest rates.

Some banks require a minimum starting balance deposit. Try to save the required amount to kick start your savings account.

Step 6: Cut back on your spending.
Do you really need that new watch? Are you a regular at your local nail salon? Eat out every night? You have a tab at your neighborhood bar? Habits cost money. Are you willing to change your lifestyle so you won’t go broke?

The first thing I cut spending on was clothes. As a blogger, I used to buy the latest trends and that made me over spend. I realized I didn’t need that new peplum or that new pair of CLs.

I also refinanced my home and got my mortgaged lowered by half!

I signed up for a free account that helped me set my goals and budgets. I could see what I was spending over all my credit cards and what went in and out if bank account.

I now am able to save $400 a month.

$100 for each of my daughters and $100 for emergencies. Anything I sell on ebay goes to my savings and so does my annual tax refunds. Most people can’t wait for their refunds so they can use it but I save mine.

If you personally have some budgeting tips, leave a comment below. 🙂


Author: dietingfashion

I'm a mom of 2 girls. I struggled to lose the baby weight the second time around and by blogging my struggles helped me deal with a lot of the stress. During my struggles, I had random strangers ask me "How far along are you?" or "When are you due?" I was embarrassed. Most of the time I told them the truth, that I had given birth X months before. There were a couple of times I lied and said what they wanted to hear. When I was at a normal weight, I then struggled to find what clothes fit me. Everything about fashion went out the door and I had to re-learn what clothes and sizes fit my post pregnancy body the 2nd time around.

One thought on “Money Talk » Budgeting for a New Lifestyle”

  1. As a fashion blogger, I don´t splurge on clothing as much as a regular fashion blogger does. That´s why my outfit posts are only seasonal. 🙂 My earning from blogging goes straight to my savings account, some are sent as an extended help to my parents in the Philippines. My husband has a portion of his earning automatically deducted every month, it goes straight to his savings account. We do watch our expenses, we only dine out at most twice a month. I only shop the last season, discounted items. We still pay monthly for our furniture, upholstery, appliances and the kitchen, all payable for two years. Fortunately, everything´s going to be full-paid this September. That´s why we scheduled to start making a baby this September, when all our debts are full-paid. But the thing with us is, we tend to splurge on summer vacations. Next month for example, we´re spending €4000 for our trip to Thailand. Last year, we spent a week in Paris. But we´ll probably offset our trips by staying in Germany next summer, especially if I become preggy.

    I think it´s really important to plan our finances especially if we´re planning/building a family. Your saving plan and tips are helpful. Thanks for sharing. God bless you and your family, Helen.
    Glee recently posted..Up to 10% Pre-Owned Luxury and Handbags at PorteroMy Profile

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