|4/1/2021 9:55:27 AM girlnextdoor|
|Child tax credit means this year (assuming all goes well w/ baby #2 due in July), we'll get 3600x2 kiddos under 6. Since half of that can be received monthly July - Dec, we can use that to supplement during the unpaid portion of my maternity leave.
We're also going to need a new car (our Honda Fit is going to be a tight squeeze for husband with two car seats in the back, no where for him to sit up front comfortably). Current plan is a 2-3 yr old full size car or small SUV, target price range $20-$25k that we'll buy with cash in May or June. Hospital expenses will also be more this time, as last time we had a PPO and now we have HDHP. Planning to cash flow and leave $$ in the HSA, unless something crazy happens. |
|4/1/2021 9:55:59 AM girlnextdoor|
|Also, this is the first year I've ever done a rough monthly budget for the whole year, since numbers are so weird between stimulus, tax credit changes, maternity leave, and big expenses. Trying to decide when the best timing will be for expenses that aren't (as) time-bound, like Roth and 529 contributions.|
|4/1/2021 1:43:46 PM labangel|
|Congrats on the year-long budget, I'm sure that planning will help you stay on top of expenses in the later half of the year. Good luck for July!|