An honest account of becoming un-broke in paradise

Not Quite. But OK.

We’ve found day care for S! This is his 6th day of attending, and from the look on his face every morning when he hears ‘school!’, I’d say that he’s LOVING it.

We did tour the day care facility of our choice, but found that the waiting list would put us back ‘several months to one year’. We then promptly looked in to other options, and found a wonderful home-based day care for less than the 800 average monthly cost! Not to mention it’s a 3 minute drive from where we live. It takes more time for me to get up our stairs and buckle in the kids than it takes to get to school.

It’s as if the anvil of duty of keeping a 2 year old fed, entertained, and out of danger at every waking moment has been partially lifted. And it feels like I’m on vacation. With my 2 month old. Success!!

In other areas though, not so much. I’m coming to realize that it’s not going to be as easy as I thought to get musicians to make records during day care hours. At least at the moment. I’m confident I will be making records soon (while S happily plays the day away with his new friends), but it will be some time before everything falls so nicely into place. I have a few projects lined up, so I anticipate some evening & night sessions coming my way…

le WORK

I’ve spent many a waking moment over the past couple of weeks ruminating on how I’ll be getting back to work in March. With 2 kids. And little money.

When I had my 1st son (S), I got back to work at the recording studio when he was 3 months old by bringing him with me. Because he was just an infant, and the studio owner and most of our clients had small kids as well, who would often be there during our sessions, it wasn’t a big deal if I needed to take a break to boob the baby. Now that my S is (a very active and defiant) 2 years old, bringing him to the studio is out of the question. Especially with my 1 month old in tow, and ESPECIALLY if I plan to get any real work done. Furthermore, it wouldn’t be fair to S to lock him up in a recording studio all day with a bunch of adults who are busy doing ‘other things’. He needs real attention. He needs to play with kids his age. He needs structure in his day. These are all things I cannot deliver at the same time I’m making records. Musicians are enough babysitting for me.

Enter…daycare. Alluring, wonderful, promising, but expensive - daycare. This is what S needs. This is what I need. So it hits me like a wrecking ball when I discover that on average, daycare can cost $800 per month. On the LOW end. Fusk. I just never knew.

Not that it should be cheaper. Nobody wants cheap daycare for their children. In general, people who are helping us to raise our children are worth more than twice what they are getting. I just don’t know how I’d pay them for it. I just learned, in France, where childcare is subsidized by the government, women are getting back to work earlier and with less struggle than their American counterparts. And they don’t feel guilty about it. If there’s anything I’ve learned in the last 2 years about being a full-time mom, is that it’s not for me! I love my kids. I made them with my husband and they are ours to raise and love forever. But I also crave the stimulation and variety I get from doing the job which provides for my family. Just as S is in need of the chance to explore his world with other little people like him. And not only do I need the pay I’ll get from going back to work, I need the chance to be myself again. Therefore, we need daycare.

Here’s what it will take:

At $20/hr, if I work at least 10 hours a week, I can cover the cost of full time day care for S. If I work more, I can also help to pay some bills, buy groceries and gas, and put some money away. For more daycare.

Doable. Even with a 1 month old.

Here’s my list:

01. Tour our top pick for daycare (next week!), and apply to get on the waiting list (I was informed there is a wait list for his age group, but we don’t know how long it is)

02. Start booking clients at the studio. Having been a freelance recording engineer in Hawaii for the past 5 years, this shouldn’t be too much of a struggle. I have more than a few projects that could be ready to go in March.

03. Request family to assist in daycare for S if the waiting process is very long. They will be paid, of course.

photo: Sebastiao Salgado, Workers

When all else fails…get crafty.

When all else fails…get crafty.

“So when I say “money is not important, until there’s not enough”, I’m referring to that middle ground. The sweet spot. The point at which you earn enough money to meet your basic needs AND have life-enriching experiences…When you get to that point, you can stop putting so much effort into thinking about money every second of the day and just enjoy life.”

Merry February

After having the dreaded ‘money talk’ with my husband, we figured out some short term goals for this month of February to get us on the fast track to spending and saving right. Initially I was squeamish about the money talk…but once we got going, it wasn’t all that bad. In the end, it felt pretty righteous to finally have opened a conversation that I know will only make our lives better.

Here’s February

1. Track actual expenses – keep all receipts, maintain budget/expense log

2. Prepare for March 1st launch of husband’s business concept

3. Switch health insurance from expensive to something more affordable

4. Figure out how I’ll get back to work with a 2 year old & a 1 month old in tow

5. Research credit unions and various savings account options

6. Date night every Sunday! His idea :)

In A Nutshell

Everyone needs a financial plan. I’ve never made one that I could stick to, yet (thanks to my darling husband and our supportive parents on both sides) I find myself with a roof over my head, some humble things to put under it, a car that runs, and enough food to feed our family of 4 humans and 1 little dog. But the money we make is the money we spend. We have not been saving. For anything. Not for future college funds, home ownership, rainy days, or retirement.

So here’s where I begin. This year. This journal. This is how I’m going to figure out my shet. How I’ll turn my behavior with money from ignorant to savvy. Here, I’ll share my ideas, goals, good days, and the breaking of bad habits. Here is my honest account of becoming un-broke in paradise. I am the pocketbook apprentice.

Search
Navigate
Archive

Text, photographs, quotes, links, conversations, audio and visual material preserved for future reference.

Likes

A handpicked medley of inspirations, musings, obsessions and things of general interest.