would like opinions about saving priorities
We have some things to save for and I'm hoping to get some opinions and/or suggestions.
1. We have an old house we are slowly fixing. The next planned room was going to be the kitchen (we already have the cabinets, counters, stove/oven). We will probably have to gut the whole room, in which case it makes sense to do the electric (old, could be dangerous but no way to know for sure) and the plumbing at the same time. The first step of the electric is to bring in new upgraded service and breaker box at a cost of about 2k. Important notes: electric needs upgrading, sink is very slowly falling/detaching from counter. I also believe the fridge is going to go sometime this summer.
2. We do not have A/C (stopped working before we bought the house). The furnace is probably around 12 years. Our neighbor has all spare parts for the furnace and we can fix it, but still, we don't have A/C. I wouldn't normally care THAT MUCH except for being due for our first child at the end of July. I think I will just suck it up, but this is something on our list.
3. We need a new car. The current car is a 2001 and about shot, not worth the cost of repairs. It's also a very cheap car with limited safety features. Since we'll soon have a baby to drive around we need a safer car. We also need a bigger car (baby things and house reno things). We'll probably get a Hyundai Touring (wagon) because of safety/warranty/features/price, despite wanting a Jetta TDI (diesel). Regardless, we need a downpayment.
Of course there are other expenses like maternity clothes (mostly used), and hospital expenses. We've been doing well for baby stuff on Craigslist, so I'm not worried about that. Once we have a car we have car payments added to the budget, making saving difficult. In September add child care bills as well :(
With all this in mind, how would you plan out these priorities? Thanks!