your new family financial planning


will need a car seat and a stroller. Most new parents know to look into borrowing used baby items or purchasing them on eBay. Be cautious when buying safety items from a used outlet, especially car seats. Make sure they still meet all safety standards. And don’t  home. But remember this is something that you can take on a few months down the road once your baby begins to be mobile.


While You Are Working Childcare is a big expense if both parents return to the workplace. For families with multiple children it’s not uncommon for the cost of childcare to equal that of a mortgage payment. As a parent you won’t focus only


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on value — here quality is important. If you don’t have a family member, friend or neigh- bor to rely on, take the time to do research on providers in your area. Perform a back- ground check on childcare services and use parental groups for referrals. The FSA again can become a good tax-saving tool. Parents can use pretax dollars to pay up to $5,000 in childcare expenses in most states. There are many things to acknowledge with a baby on the way, and money is a big part of it. Raising a child is a costly endeavor. However, with some careful planning and re- search, you can not only survive, but improve   


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