I’m a Smart Money Squad contributor for GOBankingRates.com – “a personal finance resource designed to make learning about money and managing your finances more fun and less intimidating.” Here’s my latest contribution, or see all of my Smart Money Squad Articles.
You could say that early motherhood wasn’t kind to me. I suffered from postnatal depression. But, the truth is a little more complex — I wasn’t kind to myself.
I became a mother later than many, at 39 years old. Up until that time, I’d been living a pretty carefree life, taking regular overseas trips (which is a big deal when you live in the isolated island nation of New Zealand), living in expensive rentals and keeping expensive hobbies.
None of this seemed to be a problem because I had a six-figure salary. Having a high salary doesn’t mean you know how to manage your money, however. I certainly didn’t. I had credit card debt, no long-term savings and no plan. I just thought that I would always earn that much, so I kept putting off planning for my future. I thought I had plenty of time.
That was until the unexpected happened.