Baby on the Way? Don’t Let Your Budget Go Bye-Bye

Getting ready for a new family member is exciting, but it can also be expensive. Between diapers, furniture, and medical bills, it’s easy to overspend. Smart planning now can keep your finances in check and leave room for investments to grow your family’s future.

Pro Tips:

• Set up a baby budget: Identify all upcoming costs, including one-time purchases and recurring expenses.

• Start a savings cushion: Aim for 3-6 months of living expenses in an emergency fund before the baby arrives.

• Shop secondhand: For baby gear and clothes, consider used items—newborns outgrow things quickly.

• Open a college savings account early: Start a 529 plan to get a head start on future education costs.