According to a recent study, 76% of expectant parents said they feel financially prepared, but 41% of new parents admit that, in hindsight, they were not. As you anticipate the arrival of your baby, remember to include your finances in the preparations.
Build a nest egg to help tackle fast-growing baby expenses.
It may be a good idea to have a savings account specifically for baby related needs for the first year or so. You might also want to begin saving for college tuition, with tools such as a 529 plan or Coverdell education savings account.