by: Nathan Dawson
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.
Are You Financially Prepared to Have a Baby?
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