• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer

Because dads don’t always think like moms™

  • Dad
    • Celebrities
    • Gay Dads
    • Sex
    • Single Dads
  • Pregnancy
    • Labor or Delivery
    • Pregnant Wife
  • Baby
    • Baby Naming
    • Feeding
    • Sleep
    • Toilet Training
  • Kids
  • Teens
  • Activities
    • Local
    • By Age
    • Movie Reviews
    • Celebrations
  • Toys
    • We Recommend
    • Toys
  • Coaching for Dads
  • Great Dad Talks Podcast

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

July 30, 2012 by GreatDad Writers 1 Comment

As 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.

Filed Under: Dad

Reader Interactions

Comments

  1. michael says

    November 30, -0001 at 12:00 am

    These are excellent suggestions. I already do #’s 1and2; I’m working on #3.

    Log in to Reply

Leave a Reply Cancel reply

You must be logged in to post a comment.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Primary Sidebar

  • Facebook
  • Instagram
  • Pinterest
  • Twitter
  • YouTube
SIGN-UP TODAY to receive the only baby newsletter written by dads, for dads. Act now and receive a free copy of the popular GreatDad E-Book!
My baby's due date or birthday :
Profile picture
Privacy Policy and Terms
Baby Name Finder!

what's in a name

  • Show names for:
  • Boys
  • Girls
  • Either
Finding a name you can both agree on isn't always easy. Use our simple name generator to get started.
First Letter
Last Letter
Number of Letters
Origin
Find a name!

More to See

family under a cardboard

Over 40? The Five Types of Insurance You Should Have

October 22, 2022 By Contributing Authors

A Dad’s Guide to Bonding with Your Kids Through Computer Games

May 5, 2022 By Contributing Authors

Tags

529 Plan budgeting for teens college savings compromise dad dads Father's Day fatherhood friendship in-laws love marriage Movie Review parenting advice parenting skills prepaid cards ritual Sundays travel vacation

Footer

Hi mom!

Would you like to share this site with your husband or a friend?

Just enter his email address and your name below and we'll let him know all about GreatDad.com.

His email address
Your Name

Recent

  • Special Clarity session – $25
  • Over 40? The Five Types of Insurance You Should Have
  • A Dad’s Guide to Bonding with Your Kids Through Computer Games
  • 5 Ways to Prepare Your Child for a Surgical Procedure
  • How to get kids excited about dental hygiene

Search

Tags

529 Plan budgeting for teens college savings compromise dad dads Father's Day fatherhood friendship in-laws love marriage Movie Review parenting advice parenting skills prepaid cards ritual Sundays travel vacation

Copyright © 2023 . GreatDad