After my wife and I had our third child this year, we became a bit anxious about our finances, where before the pregnancy we were not worried but as soon as that baby was born, the cold hard truth set in of money.
My wife was granted 3 months of paid maternity leave, and I was able to take my own full month.
Even though we both had fully paid time off, we were still in the grips of worry during this time. So we sat down pretty soon after the baby was born and tried to rework our expenses. We started by eliminating any ongoing entertainment subscriptions-video streaming, musc etc, and the next expense we chopped was our trash service. Instead of paying the garbage people to come and pick up our trash once a week, we decided that we would take our trash to the landfill for free ourselves. The last expense we chopped was our Heating and Air Conditioning maintenance. We figured although it only set us back $75 per month, it would free up $900 per year! We felt pretty satisfied about the extra money we’d have to spend on our third baby now. It seemed like a good plan at the time, but now we’re pretty much regretting it. Every one of us had the best intentions of replacing our own air filters and keeping an eye on the Heating and Air Conditioning equipment, however we it is safe to say failed. We forgot about our Heating and Air Conditioning plan entirely, until we started hearing weird noises and our furnace started not running well, and now, we have to spend money on Heating and Air Conditioning professionals to come repair the equipment, replace all things that’s broken, and we might need to replace the furnace entirely. These expenses will be way over the $900 we were trying to save.