On Financial Planning

HAPPY NEW YEAR EVERYONE! I HOPE ALL OF YOU HAD A BLAST DURING THE HOLIDAYS!

It's the New Year and there are so many things to plan for this year. After having a child, the reality regarding money and spending sets in. This means that as our child gets older, the more we will be spending for his needs. And the more spending we anticipate, the more we should be prepared for it.

As parents, we want the best for our children but the best doesn't mean that it has to be the most expensive. This goes for everything from his clothes to education.

Organizing my Expected Chaos

GFrom what I have heard from many moms, being orderly and tidy are the most they struggle with. So when I became one, I have already expected it. Little did I know that it would be really difficult to keep up with everything I need to accomplish inside the house.

The Christmas season was no exception. On Christmas day itself, I struggled with preparing our little Raphael before going to mass. Since he already started crawling around and is now attempting to walk, it has become a chore to change his clothes and diapers. Not to mention that we were expecting snow to come that day. To make matters worse, the house was a mess since we just opened our gifts that morning plus the fact that I needed to cook breakfast. All in all, it was overwhelming and at the same time frustrating.

I needed to think of ways on how to resolve my problem. Here are the things I've thought of.

The Best of Both Worlds

Ever heard of the idiomatic expression "Do not put all your eggs in one basket"?  It simply means not to focus all your resources on one hope, possibility or avenue of success.  I have thought of this concept after having an educated heated conversation with one of my friends with regards to our plans for our son in the future.  The argument was about whether it's better to send our child to the Philippines if we would not be able to send him to a good college in America.