[jelliclesfarm]

Start saving. Live frugally if you have to. You did not plan before having the kid. Don’t make the same mistake while raising the child.

Plan. Plan. Plan. Before you plan your money, plan your time. Stay healthy. Expand your friends circle and take whatever help comes your way from them…baby sitting, clothes/toys trading, barter etc. There are some things you can’t buy with money. Relationships matter.

Don’t quit your job. Economy is only going to get bleaker. I don’t think employees have any bargaining power regardless of industry and anywhere in the world. All you can do is plan from your end..best case scenario, mixed case scenario and worst case scenario.

Enjoy the time with your child. Be calm. Again..planning is everything. Take it in 5 year chunks. Savings should be for at least 6-12 months expenses. In the US, there is social net support for necessities. It’s the other stuff.