Financially Preparing for Your First Child

What you need to know

Many people dream about growing up and having a family, but very few people are practical enough to calculate how much it will really cost. The truth is that your dream come true can become your worst nightmare if you don’t plan ahead financially. Your new bundle of joy can end up costing a bundle unless you are organized and prepared to pinch every penny until it screams.

In this guide, we will be discussing how to budget for your first baby, and practical action steps you need to take in order to secure your and their financial future. Let’s start with a look at the actual projected costs of raising a child. Continue reading