Financial Planning Tips for New Parents

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Then comes baby in an $899 baby carriage. Yes, if you want to be strolling around town in the UPPAbaby Vista then that’s what it will cost and that’s before the rain shield, snack tray and cup holder.

Having a baby is expensive any way you look at it. In major metropolitan areas like New York City, the cost of raising a child can be upwards of $455,000 not including college. Having kids isn’t for everyone but for those of you that do want to have kids, I’m going to breakdown the costs and give some tips for first time parents. I want to try to prepare you as best I can, but one thing I have learned is that no one ever feels truly prepared – financially or emotionally – for having a child. (For more, see: Budgeting for a New Baby.)

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