What It Takes to Financially Prepare for a Child

Newly released figures put the cost of raising a child at more than $300,000. This week, Julien and Kiersten Saunders share the pre- and post-baby costs you need to factor into your family-planning budget, what products and maternity items you can skip buying, and their No. 1 tip when it comes to spending.

Prices vary when it comes to having a child—from medical emergencies to formula costs to schooling—but no matter the case, there are still a plethora of expenses every future parent should prepare to absorb. It’s not just necessary to save money; it’s also important to plan the best and most efficient ways to spend it. Julien and Kiersten discuss the importance of setting up a health-specific savings account, what necessary budget adjustments to consider and ways to save money on baby supplies. 

The post What It Takes to Financially Prepare for a Child appeared first on SUCCESS.



from SUCCESS https://ift.tt/9Li0JMc

Comments

Post a Comment

Popular posts from this blog

The Ultimate Guide To Email Copywriting

Welcome… By reading this Ultimate Guide you’re already taking the first steps on your journey to a Rich Life. This is only an introduction to the ideas and material you’ll find inside IWT. I started this site in 2004 while I was studying technology and psychology at Stanford. I’ve spent the time since testing and […] Source from I Will Teach You To Be Rich https://ift.tt/8OrxqLg
Read more

6 Reasons Men Are Not Working as Much as They Used To

It’s not your imagination— more men are now married to female breadwinners than in decades past . If you look at a school carpool line, more men are present during hours that would have traditionally been reserved for work. In general, men aren’t working as much as they used to. Based on data from March 2024 , there has been a significant drop in male employment. 96% of men were working full-time or part-time in the 1950s, while 86% of men ages 25–54 are working in 2024.  But as with any cultural phenomenon, the reasons for this occurrence are complex and multifaceted and can’t be solely attributed to an increased number of women financially supporting their families.  “As a business leader, I’ve had the privilege of working with numerous entrepreneurs and innovators, and I believe the trend of men working less than previous generations is a complex issue with multiple factors at play,” says Jon Morgan, CEO and editor-in-chief of Venture Smarter , a business consulting firm ...
Read more

Can Community Help You Live Longer? This Harvard Study Says Yes

There are lots of things you can do if you want to live a long and healthy life. Eat healthy. Exercise regularly. Avoid cigarettes and drinking heavily. And? Make sure you spend time with your friends and loved ones. According to the Harvard Study of Adult Development —the longest-running study there is on human happiness—having strong relationships makes you both happier and healthier. Harvard Study of Adult Development The Harvard Study of Adult Development began in 1938. Back then, it was actually two separate studies of human development. One started at Student Health Services, with 268 Harvard sophomores—roughly 19 years old, all men—who were selected for observation of “normal” young adult development and the transition from adolescence to young adulthood. “It was basically a study of thriving—of what goes right in development,” explains Robert Waldinger, M.D., the study’s current director and the co-author of The Good Life: Lessons from the World’s Longest Scientific Study ...
Read more