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Are You Financially Prepared to Have a
Baby?
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by: Nathan Dawson
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Perhaps you are a newly married couple doing some
family planning, or you may have just discovered that you have a little
“surprise” coming your way. Whether you are barely trying to get the hang
of marriage and money management, or if you’re simply looking ahead to a
future with a baby in it, a little financial planning will go a long way
once your bundle of jubilation comes along.
The US Department of Agriculture estimates that a middle income family will
spend a bare minimum of $250,000 to raise a child. Yikes! Don’t worry! Time
is on your side. College won’t be for another 18 years, at the very least.
But that doesn’t mean that you can slack off on saving, either.
A financial advisor can help you to realistically assess your income and
your debts. More importantly a professional can help you set a realistic
budget. Doing this will help you set sensible goals each month. You will
find that, rather than go with your impulse to buy that “gotta have it”
item, you will hold off on it a little longer, only to find that something
of a much higher priority will come along.
That’s the whole idea of saving… saying “no” now so that you can say “yes”
to the important things, later.
About the Author:
Nathan Dawson writes for
http://www.marriedfinances.comand http://www.successfulmarriageresource.com,great
online sources for marriage and finance information.
Circulated by My Article
Emporium
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