Starting a Family
How to make the financial transition to being a parent
Having a new baby is a time of joy and wonder. But for many new parents, it can also seem a bit financially overwhelming. There are new roles and responsibilities and a whole new set of financial priorities.
From handling new bills to tax implications to education saving, planning ahead will make the transition to parenthood a lot easier. Here are some ways to get started:
- Update your budget.
- Adjust your insurance coverage and estate plan.
- Start planning for your child's education.