11 Financial Tips to Prepare for a New Baby

11 Financial Tips to Prepare for a New Baby
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Anne Johnson
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There’s an excitement that comes with having your first baby. Baby showers and nursery decor are at the forefront as you prepare for your bundle of joy. But there’s another side to preparing: babies are expensive.

Building a baby budget is imperative because day-to-day living expenses are about to increase. And hidden costs could torpedo your baby budget and set you back if you haven’t planned. But don’t panic; there are steps you can take to prep. Here are 11 tips for planning and implementing baby finances.

1. Know the Cost of Giving Birth

The actual birth is a one-time expense, but if you aren’t prepared, it can hit you hard right from the beginning.
Anne Johnson
Anne Johnson
Author
Anne Johnson was a commercial property & casualty insurance agent for nine years. She was also licensed in health and life insurance. Anne went on to own an advertising agency where she worked with businesses. She has been writing about personal finance for ten years.
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