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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 Article Emporium
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