Saving for a rainy

The rain is back today in San Francisco. We’ve had what feels like a rainier winter than normal and it looks to continue the rest of the week. I suppose the rain is a good excuse to stay in, spend time with Colin, and rest.

Metaphorically it continues to be a rainy winter in the markets. Trump’s trade war has everyone spooked right now and smart people I talk to are saying that we’re either already in a recession or we need to let it play out because it’s all part of the plan. I have no idea how long this will last or the outcome.

I wouldn’t say I’m a fiscally conservative person in the grand scheme of things. But now with a young child to support, my mentality is now to save for that rainy day. I’m going to continue to live my life, but I’m taking more action nowadays when it comes to things like budgeting.

For example, my budget for housing in New York is going to be much more strict. We’re likely going to be adjusting our budget downwards and trying to aim for the lower end of that budget rather.

We’re in a fortunate position that we do not need to panic about finances right now as we’ve done a good job saving. But I don’t ever want to not be in this position in the future. It’s best to be conservative and safe here, than be worried down the road if things do really turn south.