Savvy Ladies es una organización sin ánimo de lucro 501(c)(3) que ofrece educación financiera gratuita a todas las mujeres.

Encontrar el dinero para un bebé

por Stacy Francis, CFP®, CDFA

A new mom the second time around, of course I run into many other new moms. Despite the lack of sleep, they’re all so radiant and happy. However, when they learn that I am a financial planner, a different emotion often surfaces – the feeling of being completely overwhelmed with new responsibilities. For most of us, it takes years and years to find the perfect father for our future child. We also tend to factor in safety and the quality of schools when shopping for our first home. Yet most of us fail to prepare for the financial impact of the new family member. Below are a few things you can do.

  1. Get the appropriate medical coverage. Make sure pregnancy checkups, birth, and hospitalization are covered. Of course, when your baby arrives, you need to add him or her to your policy.
  2. Acquire disability insurance before you try for a baby. Just in case, something should happen, you are covered.
  3. Find the right work-life balance. If your partner’s paycheck is big enough to support all three of you, you may want to take some time off to bond with your newborn. If you have flexible schedules, you may be able to take turns caring for him or her.
  4. Sort out childcare. This is an area where a bit of research can make all the difference. Between nannies, pre-schools, co-ops and other options, both quality and price tags vary widely. Don’t forget to take the dependent care credit on your tax return too!
  5. Cash in on your tax breaks. With the Child and Dependent Care Credit, you can save a bundle.
imagen del banner de la línea de ayuda

Obtenga respuesta a sus preguntas financieras.

Visite la línea de ayuda financiera gratuita Savvy Ladies. 

Obtenga el asesoramiento experto que se merece.

es_MXSpanish
We've detected you might be speaking a different language. Do you want to change to:
en_US English
en_US English
es_MX Spanish
Close and do not switch language