Having a baby is very expensive. Diapers and formula alone can cost as much as some people’s salaries in a year. Before you plan to bring a life into the world, it is advisable that you do a financial makeover, and take care of any debts that you owe. Perhaps you can even save a little money that you can use for the new baby as you make these new strides in life. Use these 8 tips to help.

Key Takeaways:

• Prior to having a baby, parents should file a last will to deal with inheritance and legal guardianship should the parents die.
• A pregnant employee should look into maternity leave options prior to labor.
• Parents expecting a baby need to plan and account for extra costs associated with raising the child.

“Since becoming pregnant with baby #2, I’ve been trying to take care of some big-picture financial and legal planning for my family.”

Read more: http://www.hellobee.com/2017/03/28/8-ways-to-get-your-finances-squared-away-before-having-a-baby/