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how to prepare for the arrival of a new baby in the family – moneywise
money is not the first thing that comes to the mind when preparing for a baby
little babies don’t need a ton of things – you need to worry about milk , diapers , formula , wipes , bottles , toys and clothes
make a list of everything – add up the price and then multiply it 1.5 times
as the babies grow older , things will get expensive – due to inflation
you can start investing in a systematic investment plan (SIP) every month to an index fund to pay for college
you can pay off your debt first and then pay for your retirement ( again a SIP )