Budgeting, life insurance part of financial planning for expecting parents

Couples expecting their first child often find that the months leading up to the birth of the baby are an exciting time filled with anticipation. But those months are also a time for expectant parents to make some important decisions regarding their finances.

Raising a child is an expensive endeavor, one that couples must start preparing for the moment they learn a baby is on the way, if not earlier. Expecting parents likely know their lives are about to change, and those changes must extend to their finances. The following are a few financial pointers for parents-to-be.

 

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