Growing a family can bring much joy, but a new baby often begs the question: how does one so tiny make such a big dent in the budget? Beyond expenditures on all manner of gear – not to mention the costs of upgrading insurance, a car or even a home – one of the biggest recurring expenses is child care.
Broaching the subject of whether your parents need help managing their finances isn’t easy. After all, no one wants to be reminded that they’re getting older and perhaps less adept at keeping track of bills, investments and other money matters.
Maybe your lifestyle isn’t in keeping with that of the Kardashians or Beyoncé and Jay-Z, but surprise… you do have an estate and the associated planning issues. An estate is simply any assets or property you have accumulated, and the planning is ensuring that everything is distributed according to your wishes once you’ve passed.
If you’re crushing on the idea of a mini-me and not minutely deterred by what’s involved – think late-night feedings, minimal sleep, seemingly random wailing and panicked visits to urgent care… none of which are remotely associated with a rager – then it really may be time to start a family.
If you’re ready to tie the knot, it’s probably safe to say that you and your partner have had that somewhat uncomfortable discussion about money. If not, then it’s one to have soon, as finances can be one of the biggest stressors in a relationship.
Your wedding may be the biggest day of your life, and it can be one of the most expensive and stressful. But it doesn’t have to be. With some careful planning and budgeting, your nuptials can be a day to remember for all the right reasons.