Baby on Board: Financial Planning for your Newborn

Welcoming a new baby into the family is an exciting and emotional event. You anticipate the birth of your child for months, sometimes years and when it finally arrives, you’ll often find yourself overwhelmed with the responsibility. U.S Department of Agriculture statistics from 2013 revealed that raising a child from birth to the age of 18 can cost anywhere from $245,000 to $455,000, so ensuring the financial security of your child throughout their lives is one of the biggest tasks any parent will face.

If you’re feeling the stress of the financial burden already, never

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