Congratulations on The New Baby! Financial Planning Steps to Consider

By Ann D. Blakey, CFP®

Before your beautiful new baby turns 18, you will have spent nearly $233,610 on child-related costs.[1] It’s worth every penny, of course, but the last thing you want to worry about is how you are going to afford all this! The good news is, there are simple steps you can take now to financially prepare yourself. Acting on these steps even before your baby arrives (if possible) means you can spend more time basking in newborn bliss and less time worrying about your finances.

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