The Money Questions to Ask When Your First Baby is on the Way

you’re free to’t prepare for every part of parenthood.

Here are the money questions you should ask when your first baby is on the way.

The Simple Dollar runs down nine financial considerations you should make before you officially become a parent.

For example:

What’s our child care plan?

Who will provide that child care?

you should probably figure out that solution as quickly as possible.

What will we cut out to handle the new costs?

Like it or not, you’re going to have to cut some costs to make this work.

Do we have a valid will and/or durable power of attorney and/or health care proxy?

For each question, there are also recommendations for specific topics you should discuss.

Check out the full article.

Nine Financial Questions to Discuss When Your First Child Is on the Way| The Simple Dollar

Photo byDaisha Jackson.