In today’s world, kids are expensive.
Actually, everything is expensive and in my home state, it’s doubly so. When my ex and I started talking about divorce, I knew it would be financially hard. I lived on my own before getting married, and I knew it would be a costly endeavor, especially with a kid. It definitely was discouraging, but I knew we had to make the call. Even if I ended up struggling for eternity, this marriage was ending.
I never believed that I would struggle for eternity (and still don’t). If you asked me five years ago when we separated what my financial long-term plan was, I’d tell you it was to pay off debts, save and live. Are those bad goals? Nope, they’re fine — but they weren’t concrete or specific enough.
I talked to a financial planner thanks to the amazing organization, Savvy Ladies. I budgeted. In fact, I still tweak my budget often and track my spending daily. I even budgeted for emergencies and stuff that might happen along the way while I planned out my “financial life” as a single parent.