After a lot of prayers and a couple years of waiting, Mrs. Bucky and I will be adding a daughter to our family this February.
You should have consulted us sooner. We could have had a little chat and with the help of a few whiteboard diagrams, could have shown you how waiting isn’t really what gets the, err, job done… Sorry, somebody had to…
First off, congratulations!!! A huge life step.
For those of you with children, what did you do to prepare and make the process easier for everyone?
I’d offer the following”
1. In the current age, people seem to thing “preparing for baby” = buying everything baby-related that they see anywhere.
Don’t! Resist buying whatever you can beyond the necessities because a lot of what you buy with no experience will “seem like a good idea” now will be “useless crap we never used” in a few months. And all that “stuff” causes stress and work on its own, with having to buy, assemble, store, figure out, etc.
Don’t buy anything until your personal experience has shown that you need it. For example, my wife was talked into a very expensive “nursing chair” for the baby’s room. Then she discovered that she hated sitting in there staring at the walls when feeding time came. So there was $500 shot to hell because we let somebody else convince us (with no experience) what we “needed”.
2. When baby finally arrives, your most precious commodity and the rarest one is… wait for it… SLEEP!
Figure out a sleep routine that works for both your wife, baby, and you, even if it means you and your wife sleep in different rooms. For Mrs. Grouse and I, the big thing that helped was not having one of us wake up the other when Grouselet 1.0 or 2.0 needed attention and it was “our shift”. For me, disturbed sleep is worse than no sleep, so once we figured that out, we managed to keep one of us fairly well-rested and functional at all times, which is way better than both of you exhausted and dysfunctional all the time.
3. Remember, whatever “stage” you’re in now, it won’t last. This is true for both good and difficult things when it comes to babies. Both of our children were hungry all the time, day/night whatever, as babies they had fuel tanks that held no more than 2 hours worth. It was very, very hard, but knowing that it doesn’t last helped a lot.
4. It’s over in a FLASH. Enjoy baby time because even though our youngest is now only 8, I can hardly remember what it was like because the “babies” disappeared in the blink of an eye.
5. The future is NOW. Get your financial house in order. Aldulting is about way more than you now.
You MUST have wills, solid financial plan and adequate life insurance. Yes, it’s a somewhat uncomfortable area to get into and to get started with and many have felt that there are “more important things to do before baby”. There are NOT. Get it done.
When that’s done, get a 529 started ASAP. You literally cannot believe how fast the time disappears and the time value of money is huge and cannot be made up for later. We started 529s months after each of our children was born and now I’m shocked at both how much we managed to save and then how much more I wished we’d put in in the early days when babies and toddlers were relatively cheap compared to the more expensive versions they become as they grow up. My oldest son is only 11, but (gulp) that’s only 7 years from college! Yikes!
Congrats and this is surely a life endeavor where you should strive every day to enjoy the journey.
Grouse