Change Your Finances as Your Family Changes
When Your Spouse Won't Participate in a Financial Plan or Budget
It can be frustrating to be the only one working on improving your financial picture. If you have a spouse that just won't participate you need to figure out why, and then address the concerns specifically. Learn some common concerns and solutions.
Finances and Starting a Family
When you decide to have your first child it may be slightly scary. Everything changes once you had a little one to your life. It is important that you be aware of the changes that are coming, especially the financial changes and prepare for them, as you get ready to have the baby.
Can I Stay At Home?
Choosing to stay home is a big decision. It involves more than just finances. Here are questions that will help you come to the right decision for your circumstances.
Financial Planning for Single Parents
A single parent must provide for all of the needs of her children. Learn what you need to do to protect your children and yourself in the future.
How Did Having a Baby Affect Your Finances?
Share how making the decision to start a family affected your finances. Read and learn what challenges and solutions readers had when starting their families.
Financial Planning for a Child with a Disability
If you have a special needs child you will need to make additional financial plans to make sure your child is cared for when you are gone. This planning should start as soon as you learn about your child's disabilities, so that you can save while getting your child the help he needs.
What If I Can't Afford to Work?
Depending on how much you make, going to work once you have kids may not make much sense. This is especially true once you have more than one child. The cost of daycare may eat up most of your paycheck. If you stay home you may be able to save money on your groceries and other expenses to even out the loss of your income.
Retirement Planning if You Stay Home with Your Kids
It is important to plan for your retirement even if you are staying home with your children. A spousal IRA allows you to contribute to your own retirement savings, even if you are not working currently.
Family Finances: School and Daycare Costs
When you have children, your entire world changes, and so do your finances. Having children is more than just paying for formula and diapers. The costs of childcare and school can add up quickly. Learn what to expect and how to plan for it.
Family Financial Planning
It is important to adjust your financial plan to match the changes in your family, while still working towards your financial goals. These adjustments will make it possible to keep moving forward.