What Are The Best Ways To Financially Prepare For A Baby?

Your family is growing! Whether this is your first time becoming a mom or not, preparing to have a baby brings a whirlwind of feelings, emotions, and worries.

One of the biggest concerns moms-to-be face is a financial one. You may have seen estimates that it costs $233,000 to raise a child from birth to 17. It’s no surprise moms worry about money.

Thankfully, these steps will help you kickstart the savings process as you prepare financially for a new baby.

What Will My Maternity Leave Look Like?

To help you get a better picture of how to financially prepare for a new baby, you need to understand what your maternity leave will look like.

Of course, very few things in parenting ever go according to plan. But this is one instance where it pays to do some investigating and planning beforehand. Asking these questions will help you get started.

1) What coverage does my employer provide?

It’s no secret maternity leave varies wildly by both country and company. Where you live and who you work for means that your leave might look dramatically different than the other mothers in your online mommy forum.