Recollection time! Looking back, it has been 2 years since I started taking a serious re-look at my own personal finance, 2 full months since I started writing.

PHASE I: SAVING

I started really saving just months prior to the birth of my child. Most of us (if I could safely say to a certain degree) save for a specific purpose or objective. And most of the time, this goals were short-term ones. Long term objectives like planning for retirement sounded “airy-fairy”.

So parents and would-be parents know that prenatal care and delivery cost is not cheap. Delivery costs starts from mid- $2,000 to $4,000 excluding doctor’s professional fees and non-standard services. After baby is born, I targeted the essential needs like food (formula milk), health (medical checks and insurance), care-giving (confinement nanny and infantcare) and possibly others which I can’t recall now.

I was cutting expenses