Everything changes once you have a baby, including your finances. In fact, how you spend your money is just as important as how much you save. So, as time your child grows, it’s important to have enough money put away to cover everything that might come up. Even if you just found out you’re expecting, it’s never too early to start preparing gif their future. In this article, we’ll talk about some of the costs you should be saving for – before and after birth.

Before Baby Arrives

Having a baby is expensive. Even if you have excellent health insurance coverage, every aspect of the delivery might not be covered by your insurance. In some situations, you might not have met your deductible and will still have to pay out of pocket. In other situations, additional procedures might not be covered under your policy. In any case, it’s important to start saving well in advance. If you’ve been planning on getting pregnant, then you might have already started to put more money away each month. If your pregnancy comes as a surprise, then it’s time to kick your money saving skills into action. Cut out unnecessary costs out of your budget, which may include eating out, getting your nails and hair done, and even shopping at expensive stores.  [Read more…]

Deciding to have a child is a serious decision. There are many factors to consider when deciding whether or not to have children. For some people, the decision is easy. They know they want to be parents and start a family right away. For others, it’s not so clear-cut. 

There is a strong amount of hesitancy when it comes to having a child nowadays. When looking at current birth rates, it’s evident that people are having fewer children and waiting until later in life to have them. This makes sense though, having a child is not something you necessarily want to rush into. 

There are several situations where you may want to wait to have children or at least consider waiting. We’ll go over five of them in this article. [Read more…]