You should aim to save enough to cover 3-6 months of living expenses plus initial baby costs (nursery, medical), potentially $10,000 to $30,000+, depending heavily on lifestyle, maternity leave pay (like Australia's $719.35/week), and childcare needs, prioritizing an emergency fund, budgeting for reduced income during leave, and buying secondhand essentials to ease financial pressure.
I'd aim to have at least 6-9 months of all your monthly expenses (housing, food, insurance, transportation, etc) in a high yielding savings account as a proper emergency savings fund. Then if you wanted to add ~$5k on top of that for baby expenses that would probably be smart. Babies are expensive.
The "3-2-1 Rule" in pregnancy is a guideline for first-time mothers to know when to call their midwife or doctor for active labor: consistent contractions that are 3 minutes apart, lasting 2 minutes each, for 1 hour (or sometimes cited as 3-1-1, meaning 3 minutes apart, 1 minute long, for 1 hour). For subsequent pregnancies, the 5-1-1 Rule (5 minutes apart, 1 minute long, for 1 hour) is often used, indicating labor is progressing more quickly.
The 70% money rule usually refers to the 70/20/10 budgeting rule, a simple guideline that splits your after-tax income into three categories: 70% for needs/living expenses, 20% for savings/investments, and 10% for debt repayment or giving. It helps you balance essential spending, building wealth, and managing debt by allocating funds for day-to-day costs (housing, food, bills), future goals (retirement, emergency fund), and debt reduction (loans, credit cards).
How much to budget for a baby per month. The monthly cost of caring for a baby can vary, but a general range is $1,100 to $2,5005 depending on your location and lifestyle. This includes diapers, formula or food, childcare, and medical expenses.
Turning $1,000 into $10,000 in one month requires high-risk, high-reward strategies, often involving aggressive business ventures like high-volume flipping (e.g., window washing, retail arbitrage) or online businesses (dropshipping, e-commerce) where you reinvest profits quickly, or trading volatile assets like crypto, but success isn't guaranteed and carries significant risk, so consider diversifying into safer options like starting a service business (lawn mowing) or freelancing high-demand skills.
Finder's Consumer Sentiment Tracker of 1,310 respondents revealed 2 in 5 (43%) Australians – equivalent to 9.2 million people – have less than $1,000 in their bank account. Of those who have less than $1,000 on hand, the average bank balance is just $215 – barely enough to pay for groceries.
Summary. While retiring on $400,000 is possible, you may need to adjust your lifestyle expectations if this is your final retirement amount. If you want to grow your savings before retirement, there are a number of expert-recommended ways to boost your bank balance.
Maintaining a healthy pregnancy is not hard when you know how to do it! The three golden rules are to always listen to your doctor's advice, eat healthy, and stay active. Remember, don't focus only on your baby's growth because ultimately keeping yourself healthy is the first step to keeping your baby healthy!
The 5-5-5 rule is a guideline for what kind of help a postpartum mom needs: five days in bed, five days round the bed — meaning minimal walking around — the next five days around the home. This practice will help you prioritize rest and recovery while gradually increasing activity.
Most miscarriages - 8 out of 10 (80 percent) - happen in the first trimester before the 12th week of pregnancy. Many people who miscarry are able to go on to have a healthy pregnancy later. Miscarriages can happen in different ways, that's why it's important to know the different signs and symptoms.
But, here are seven steps you can take to prepare financially for a baby:
The 27.40 rule is a simple personal finance strategy for saving $10,000 in one year by setting aside $27.40 every single day, which totals $10,001 annually ($27.40 x 365). It works by making a large goal feel manageable through consistent, small daily actions, encouraging discipline, and can be automated through bank transfers, with the savings potentially growing with interest in a high-yield account.
Put aside just $13.70 per day, and at the end of the year you'll have $5,000; double that to $27.39 daily and you'll have $10,000 by year-end—and that doesn't include the interest you may earn. You can save money by making a budget, automating savings, reducing discretionary spending and seeking discounts.
A low income in Australia varies, but generally involves earning below the median (around $1,425/week in Aug 2025) or below specific government thresholds, like the $948/week ($24,95/hr) National Minimum Wage (as of July 2025) for full-time work, with lower thresholds applying for benefits like the Low Income Health Care Card (around $800/week for singles). For tax purposes, incomes under $37,500-$45,000 might qualify for offsets, while affordable housing eligibility depends heavily on household size, with singles needing under $52,100 annually for low-cost options.
This ongoing situation of living paycheck to paycheck continues to impact many lives. A separate survey underscores this, finding that 48.4% of Australians either live paycheck to paycheck or save less than 10% of their income, while one in three have recently missed a bill or credit payment [2].
The rule says that an investor can create a corpus of around one crore rupees by investing Rs. 15,000 per month for 15 years in a mutual fund that can generate 15% average returns based on the power of compounding.
The 7-5-3-1 rule is a simple investing framework for mutual fund SIPs that builds long-term wealth. It means seven years of discipline, five categories of diversification, and overcoming three emotional hurdles. Add one annual SIP increase to accelerate growth.
Making $10,000 per month is achievable with the right strategies. Hopefully it's clear by now that making $10,000 per month isn't just a pipe dream; it's a very achievable goal if you focus on the right strategies and stay consistent! And don't forget, platforms like Teachable are here to help you every step of the way ...
The 3-jar system is a popular way to begin teaching children how to budget. With this system, you give your child three clear jars, each representing a different fund: spending, saving, and giving. The child will then divide their money into the jars with your guidance.
What is the 52-week money challenge? The 52-week money challenge could help you build a savings habit by putting away an amount of money that corresponds to the week you save it. So, start with $1 in week 1. In week 2, save $2. In week 3, save $3.