A baby – are your ready financially?
There’s no getting around it. Having a baby is expensive. For many couples, having a baby is an economic as well as an emotional decision. Now is the time to assess what you have and what you’ll need so you’ll be ready when the time comes. Since there is a lot to think about, we’ve broken it all down into seven easy steps.
• Make a budget
• Shop smart
• Check out your health insurance options
• Buy life insurance
• Get long-term disability insurance
• Make a will and update beneficiaries
• Look into maternity and paternity leave policies
Didn’t realize all of this is important? Not sure how to go about crossing these things off your to do list? No need to panic! Just start planning ahead. Read our article for explanations, questions to ask, tips and links to further information.