Question: How Do You Financially Prepare For A Baby?

Question: How Do You Financially Prepare For A Baby?

Are you financially prepared for a baby?

  • Review your health insurance. You’ll need to add your new addition to your health insurance policy, so take the time to review your policy now, while everything is relatively calm.
  • Register early.
  • Set up a baby account.
  • Create a (new) budget.
  • Start a 529 account.
  • Purchase life insurance and create a will.

Photo in the article by “President of Russia” http://en.kremlin.ru/misc/11867