Getting Your Finances Ready for Baby

If all those cute babies in the grocery store have you and your partner thinking about becoming parents, there's something less fun, but equally important that you should think about first-how a family will affect your finances. No one decides whether to start a family based on the cost, but it's smart to get a good understanding of how adding a new family member will affect your financial situation so you can plan ahead for a secure future.

Though you can find many articles that insist now is the time to start saving for your child's college education, some financial specialists believe it's far more important to build your emergency savings and put away money for retirement first.

This article is for informational purposes only. For personalized financial advice, you should contact a qualified financial advisor.