Returning User? Login Here | Bookmark this site | Contests | Sitemap
dad dads
Toilet training
Sleeping
How to
Shopping
Baby names
Sex
Pregnancy
Pregnancy Calculator
Mother's Day
Favorites
 
 
 
 
Tell a Friend
 
Subscribe via RSS
Enter your email



 
   RSS Feed
 XML Sitemap
 greatdad/sitemap
 
Add to My Yahoo!
Add to Google

 

 

 

 

 

 

 


 

New dads: Top 3 ways to financially safeguard your growing family

Be the first to rate this article:

By GreatDad Writers   Print
Subscribe to Newsletters

New dads: Top 3 ways to financially safeguard your growing familyAs a new father, your family's financial situation has likely been weighing on your mind. Beyond the medical bills associated with your wife's pregnancy and delivery, you've probably been spending a pretty penny on baby clothes, diapers, toys, child-proofing your home and other necessary items for your growing family. But before you break the bank on immediate expenses, you should also think about planning for a stable financial future for your little ones. Here are a few things to keep in mind.

1. Start saving
It might seem like a major difficulty to begin putting money away right now, but you'll be happy you did when larger and unexpected expenses come your way in the future. It's incredibly expensive to raise a family in this day and age, and having a financial safety net will help you breathe easier when it comes to buying a larger car, saving for college and thinking about retirement.

2. Write a will
While it's never fun to think about the worst occurring, you should begin drafting a will and trust with your spouse. Should you both pass away, these documents will provide a legal precedent about who will raise your children and how their inheritance will be distributed - otherwise, these decisions will be left up to a judge.

3. Manage your expenses
If you're really feeling the squeeze of being a new parent, you might want to take a second look at your monthly expenses. Reevaluating your budget can help you find areas where you're paying too much (is HBO really necessary?) and where you can save extra (have you considered any shoppers' rewards programs?). A few hundred extra dollars in your pocket can make a big difference paying for those mountains of diapers every week.
Subscribe to the pregnancy newsletter or 4-8 year olds newsletter.
Login with Facebook
 
Comments
By michael,   From Lancaster
These are excellent suggestions. I already do #'s 1and2; I'm working on #3.

 
 
 
Post a Comment
 
 
 
First Name:  
City:
Email Address:
Comments:
Total Words:
(400 words*)

Enter the characters you see in the image. They are case sensitive.

 
   
     
     
 
 
Shopping
 
 
 
 
Article List
Spanking vs. not spanking: How do you handle discipline?
Cover the birds and the bees with ease
Adolescent masturbation: How to cope with it as a father
So You Caught Your Child Watching Porn
3 ways to bring you closer together with your son
3 ways to connect with your daughter like you do with your son
3 things dads should do everyday to get closer to their teenagers
Teen suicide: The red flags to keep an eye on
New social media apps that you need to understand
What to do when you catch your child on Facebook
What to do if your kid is a bully
Help your teens work through their anger
Build a relationship with your stepchildren

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 NEXT
 
Tell a Friend
Subscribe to Newsletters
Forum Topics

The best way to choose a new perfect bags
Posts: 0  Views: 6

Handbags Styles
Posts: 0  Views: 8

Want The Best Beauty Advice? Keep Reading
Posts: 0  Views: 10

Tips on how to pick and choose a new right handbags
Posts: 0  Views: 11

Bag Designs
Posts: 0  Views: 11

   
Most Popular Articles
When is a child ready to be potty-trained?
Nine reasons to delay toilet training
21 Potty Training Tips
How to potty train your child in one day
Top tips to prepare your child for toilet training (even though it may be months away)
Eight Tips on Buying a Potty Chair
The NAKED CHILD APPROACH to toilet training
 
 
See more articles...