Prepare financially for the arrival of your baby from "summary" of Dude, You're Gonna Be a Dad! by John Pfeiffer
Alright, let's get real for a minute. You're about to become a dad, and that's pretty darn exciting. But along with all the joy and anticipation comes a little thing called financial responsibility. Yep, that's right - babies cost money. And I'm not just talking about diapers and formula here. There are a whole bunch of expenses that come along with having a baby, and if you're not prepared, things can get pretty stressful pretty quickly. So, what can you do to make sure you're ready for the financial impact of your little one's arrival? Well, first things first, you need to take a good hard look at your budget. Sit down with your partner and go over your income and expenses. Figure out how much you're currently spending each month, and then think about how that's going to change once the baby comes. You'll need to account for things like diapers, clothes, childcare, medical expenses, and all the other little costs that come with having a baby. Once you've got a handle on your budget, it's time to start saving. Ideally, you should have a little nest egg set aside before the baby ar...
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