How much savings should you have?
How much savings do you think is reasonable or safe to have for the first year of having a baby if ...
- you live in Canada
- mom is debt free
- PLAN to breast feed (yes, things may not go as planned but let’s say in this instance it does)
- you do not pay rent
- all health care/appointments are basically free for mom & baby
- partner works a full time job with an average income of $3,400 CAD a month but pays for car insurance/gas which is roughly $500CAD a month + $500 CAD towards visa bill per month
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