Financial Planning Is Good Parenting
Growing up in a financially stable household gives your children a significant advantage and improves their health, conduct, and wellbeing both now and throughout their lives. As you manage your family's finances wisely and accumulate emergency funds, you'll provide security for your child and serve as a good financial role model.
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"Don't think money does everything or you are going to end up doing
everything for money." - Voltaire, Age of Enlightenment leader
1.Review your health insurance policy: Make sure you have coverage for pregnancy and postpartum care and try to reduce them.
2. Register for baby shower gifts: friends and family can help to cover the one-time expenses.
3. Get your child tax credits: Ensure you get child tax credits you are entitled to.
4. Save on taxes: Make use of tax-advantaged savings accounts such as the 529 plan and Roth IRA.
5. Shop discount clothing stores: Shop for clothing at discount stores where you can find brand names at a lower prices.
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