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Kiplinger
Kiplinger
Business
Kara Duckworth, CFP®, CDFA®

Short-Term Financial Planning for First-Time Parents

A newborn holds an adult's fingers.

Welcoming a new baby to your family is an exciting time. Along with that anticipation, many parents-to-be have concerns about the expenses and financial planning challenges that arrive with your bundle of joy. There are many discussions around what mothers need to consider with their health while pregnant and giving birth, but a recent conversation with my colleague Ignatius D’Anna, who is expecting his first child with his wife, Kate, gave me a new perspective about what fathers and partners may be doing to prepare for the arrival of a child.

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