Starting A Family Without A Plan
Getting married and having children aren’t purely financial decisions, but they shouldn’t be made without consideration of how they will impact your household’s bottom line. The average family will spend over $26k during the first year of a baby’s life. That’s a chunk of change. Being a parent can be stressful enough without the added burden of financial shortfalls. You might want to delay having children to set more money aside for retirement or shore up your finances.
Ever wondered why we have babies? This article looks into the economics of baby-making and why we are gluttons for punishment when it comes to parenthood.