Are you ready to start a family but want to make sure your financial life is in order first?
Sinking Funds are here to help! A Baby Sinking Fund Chart will give you a great visual to reach your goal of starting a family!
Baby Sinking Fund Chart
In full disclosure, we did not save a certain amount before we had our first child BUT we did wait until my husband was out of college and had a full time job.
It is important to make sure you are financially ready to bring a new life into this world!
Baby Sinking Fund Chart Supplies
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How To Use The Baby Sinking Fund Chart
- Gain access to your Baby Sinking Fund Chart below!
When you print, I suggest using Card Stock for durability.
2. Determine how much you would like to save before you bring a new life into this world and write it on the Goal line.
Perhaps you will need to cover your monthly salary for a few months or maybe you just want to save enough for all the furniture and supplies a baby will require.
The amount you choose will be specific to YOU and your situation!
3. Goal set and record a realistic date you would like to achieve your goal amount and add to your family!
4. Divide your saving goal by 10.
5. Write each increment on the lines shooting off the graphic with the smallest on the bottom.
If you plan to save $2,000, you would write $200 on the bottom line, $400 on the next line, etc.
6. As you save, color in the lines!
Each increment consists of 10 lines to fill in. If you plan to save $2,000 and each increment represents $200, each line would represent $20. For every $20 you save, color in a line.
7. Make your Baby Fund a part of your monthly budget!
If you would like to save $2,000 in 5 months, you need to incorporate $400 a month into your spending plan.
This is a super exciting time for you!
Kudos for your desire to be financially prepared to bring a child into your family!
Remember, financially prepared is different than debt free. I would never suggest you put off starting a family until you are debt free. Nope! Not gonna find that advice here. I do recommend you are financially prepared! You got this!
Gain access to the Baby Sinking Fund Chart here!