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My husband and I just got married 4 months ago and got pregnant pretty quickly after our wedding. While we are so excited about becoming parents, the pregnancy was unexpected and now we are trying to build our financial lives together and prepare for a child. Any advice on how to save fast and what to prioritize during this season? We do have some student loan debt and a car payment. Thank you!
Expecting the Unexpected
Congratulations! Babies are a gift from the Lord and the fact that this one’s coming sooner than later is a reason to rejoice. Enjoy this time in your marriage to the fullest and be grateful!
This pregnancy can actually be used to help you financially as a precious motivator to become wise with your finances.
Adjust Your Mindset
To save fast, I recommend you live like your poor. This is a mindset that will help you make financial progress. Your goal is to become a saver, not just to practice saving! When you become a saver, it is a part of your lifestyle. Reject what the world says you need to be happy. If you have each other, friends, family, a church, and the Lord, you are already a very wealthy person. You can learn to be content in whatever situation you face! It’s truly a matter of
giving thanks and trusting God.
…I have learned in whatever situation I am to be content. I know how to be brought low, and I know how to abound. In any and every circumstance, I have learned the secret of facing plenty and hunger, abundance and need. I can do all things through him who strengthens me. (Philippians 4:11-13)
We live in a time of great affluence and materialism. Especially with a baby on the way, the temptation to spend money is going to be great. Saving has proven to be difficult for many in our society. Self-control is required to say no to the easy credit and clever advertising that constantly bombards us. Protect yourself from the marketing schemes in social media. Satisfaction with what you have is key!
Once you have the right mindset and attitude, you also need to follow some practical guidance.
Try not to spend.
Seriously! Don’t spend your money on ANYTHING that is not necessary for survival. This can be fun and challenging – but I’m assuming you are young and up for a challenge! Simply remember to always live beneath your income.
Stay on the same page.
Make sure you and your husband stay united in this pursuit. Pray together and seek the Lord’s guidance and protection. You’ll need to encourage one another to reach your goals. Set some short and long term goals and ask the Lord to help you reach them.
Have an emergency fund.
It is very important that you establish an emergency fund with $1,000 as your first goal. This is essential because saving needs to become a way of life. It will protect you from the need to borrow, grant you the ability to invest, and allow you to give generously. By giving generously as first priority, it will help you make better financial choices in all the other areas of your budget.
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Source: Christian Post