As I’ve mentioned several times on this site, my wife and I are expecting our first child. As we get closer to D-day, we are receiving more and more questions, comments, and unsolicited advice. I know that some people get tired of hearing it, but I don’t! Becoming a parent is one of life’s greatest gifts, and I welcome it. But I also know that it will change our lives in ways I haven’t even imagined yet, and these tips have been invaluable.
It isn’t possible to be fully prepared for all the little changes that come with a new baby, but I have found the tips from friends and family, as well as the following articles, very helpful. It would probably take a book to share each tip my wife and I have received, which isn’t something I can do at the moment. But I found these articles helpful, and hopefully you will find the same. My wife and I would also love to read any first time parenting tips you have to share with us. Just leave a comment at the end of the article!
Preparing your finances for a new child
Babies are very expensive, especially when you consider that often times one parent stays at home – meaning income decreases, while expenses increase. This can be a recipe for disaster if you don’t plan for it. One of the most important things you can do before having a child is get your financial house in order. This includes buying life insurance, increasing savings, decreasing debt, having a financial fallback plan, and other financial preparations. Here are some articles that will help you prepare your finances for a new child:
- Preparing Financially for Your First Child.
- My Friend Just Had A Baby; Now What?
- Maternity and Parental Leave in Canada.
Should you be a stay at home mom or working mom?
My wife and I decided she would become a stay at home mom. We are blessed to have this opportunity, and we know that our decision does not work for everyone. These articles may help your decision become a reality.
- Be a Stay at Home Mom or a Working Mom?
- Should I Stay Home or Go Back to Work?
- A Mother’s Struggle Between Work And Kids.
- What Is Raising A Child Worth – We’re Going To One Income.
- Five Steps To Be a Stay at Home Mom.
- 9 Tips For Going To One Income.
- Choosing a Baby Daycare Center – 10 Questions to Ask.
Newborn baby expenses
Babies are expensive! But they are worth it! These articles shed light on some of the associated costs of raising a newborn.
- Can you afford a baby?
- Baby Expenses series.
- 9 Ways To Save On Baby Costs.
- 10 “Preparing For Baby” Tips For the Frugal-Minded.
What Should You buy for your newborn?
Companies that produce baby products want you to believe you need every item they produce, which is far from the truth! Don’t give in to the desire to give your children “the best of everything” when “everything” isn’t needed. Instead, go out and buy Baby Bargains, which is probably the best single resource for baby products. You’ll love it! My wife and I used that book and it helped us to avoid the temptation to spend money on unnecessary baby items. Here are some tips on what you should consider for your child:
- How to prepare a baby registry.
- 10 Ways New Parents Overspend On Their Newborns.
- Shopping for a Newborn I – The List.
- Shopping for a Newborn II – Summary and Tips.
College Savings Accounts
I know this isn’t a priority right away, but it never hurts to start thinking ahead – especially when you or your family members may wish to make contributions toward your child’s education.
- 529 College Savings Plans.
- Coverdell Educational Savings Accounts (ESAs).
- 529 savings plans and Coverdell Education Savings Accounts.
- Our Son Just Turned One, Starting College Tomorrow.
- 10 Questions About College Savings Plans.
- Upromise – Earn Free Money for College Education.
This is not an all encompassing list
My wife and I have received a lot of great tips from friends, family, and acquaintances and I’m sure I left out some great tips in this article.If you have anything to add, my wife and I would love to read it!
What are your tips for new parents?