Have a new baby in the house, thinking about adoption, or trying to teach your children about finances? There are many stages in a child’s life that require different financial planning. Because these stages are constantly changing, it’s important to get ahead of the curve and plan for the future. Here are a few tips for parents with children of all ages. Look at these resources to find helpful ideas for every stage of your child’s life.
“Planning Basics for New and Expecting Parents”
You have made the decision to start a family. That’s great! Now you have to start planning for another person. There are many new expenses that come with this choice from medical costs, possible childcare, all the way to buying groceries for another mouth. Make sure you are ready and have a plan in place.
“Thinking about Adoption?”
Adopting a child is a big decision in life and it can also be expensive. There are many questions that go along with this choice such as, are you going to go through a foster care system or an agency? Questions like these can affect your finances. Make sure you know your finances and plan for the future before you begin the adoption process.
“Need to Teach Young Kids about Money – Try These Ideas”
You have children that you love dearly, but those shiny nickel and dimes sure do draw their attention. Schools teach the basic ideas of money, but most of the teaching comes from home. Financial knowledge is an important skill to have. Be sure to start teaching your children when they are young so it can stay with them forever.