Expecting our first presumably in April. What resources do you recommend to better prepare us financially?
Expecting our first presumably in April. What resources do you recommend to better prepare us financially?
byu/Greenweenie12 inMilitaryFinance
Posted by Greenweenie12
2 Comments
More money. As much money as possible.
Prepare for new baby? Maybe prep the budget ahead of time. Expect grocery costs to go up. Diapers. Wipes. Formula if needed.
Can also look at getting a 529 once they’re born or a custodial account (UTMA I think it’s called?). Can also open credit cards in their name with no age requirement depending on the company. Chase has no age requirement but I think Amex does. And of course don’t do that if your credit journey is questionable. This stuff is all way down the line though if April is the due date. Don’t sweat anything yet!
Otherwise, enjoy the last few months of quiet with your spouse and with it just being you two.
Sincerely,
3 kids 3 and under. Good luck!