Pecker is a key witness in the case against the former US president, who is accused of falsifying business records to cover up hush-money payment
Have you ever heard the saying that “babies don’t come with owner’s manuals”? It’s true that no matter how many books you read, classes you take, or experienced parents you talk to, you can never be completely pre-pared for the challenges and joys of parenthood. You can, however, prepare yourself for the costs of a new baby — by looking after your finances before your bundle arrives.
New parents don’t always prepare for the expenses associated with having a baby. One survey by Redbook Magazine and VISA in the United States found that less than 50 per cent of expectant parents create a new budget that includes baby expenses. And while 76 per cent of parents-to-be felt financially prepared for a baby after the tyke arrived, 41 per cent of new parents said they weren’t as prepared as they had thought.
Taking steps like clipping coupons and buying second-hand clothes can help new parents save cash, but other important financial considerations — such as protecting their credit scores — require advanced planning. Here are some tips to help expectant and new parents to look after their finances:
Enrolling in a product such as freecreditscore.com can help you understand your credit score and status, which can help you make informed decisions about how you will use credit during this potentially financially challenging time as new parents.
While nothing can really prepare you for the agony of sleepless nights with a newborn, or the joys of seeing your baby take his or her first steps, it is possible to prepare for the financial responsibilities associated with becoming a parent.
BPT
Pecker is a key witness in the case against the former US president, who is accused of falsifying business records to cover up hush-money payment
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