The parenting books tell when it’s possible for you to expect your baby to reach physical milestones.
The parenting classes teach you the proper way to bathe an infant and change a diaper.
Mistake No.
Its important to build up a savings buffer.
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Do you avoid people too?
Enough small talk.Here are some waysto earn extra cash, without all of the social stuff.
When you plan to have kids, its smart to stash money in a high-yield online savings account.
Also look into ways to cut costs, like using these tools and tips tosave money on groceries.
Mistake No.
Doing research ahead of time can help parents know what to expect.
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Mistake No.
Butbuying life insuranceis a smart money move when you have a little one who depends on you.
Save money by clearly defining your needs and wants.
Mistake No.
5: Not Saving for College Early Enough
The magic of compound interest lies in saving early.
A529 college savings planis a great vehicle to get funds together for your childs future education.
you’re able to even ask friends and family to contribute in lieu of birthday or holiday gifts.
Listen to the podcast for more advice onhandling finances as a new parent.
Nicole Dow is a senior writer at The Penny Hoarder.
She is the mother of a 4-year-old and has made nearly ALL the money mistakes as a new parent.
(Can you sense my millennial sarcasm there?)
You know which ones were talking about: rent, utilities, cell phone bill, insurance, groceries…
