Welcoming a new baby is an exciting time for everyone in the family, but it’s important you prepare your budget for baby’s arrival. Here are some tips.
Expanding your family? Don’t forget to create your baby budget. Check out our tips, from newborn necessities to saving for college.
Preparing financially for parenthood can be made more challenging with a maternity leave pay cut. Here’s how to navigate the system and prepare your mat leave budget.
There’s no way around it – kids are expensive! It costs an average of $242,000 to raise that bundle of joy to the age of 18. For new parents, though, the first year of costs can be an especially terrifying challenge.
Starting a family is a big deal for your life, your body and your pocketbook. Taking some time off to raise a child, fortunately, is protected by law in Canada, as is your right to have a small income while you’re caring for your baby. However, taking a maternal or parental leave means navigating a complex system full of paperwork, federal and provincial law, and rules that can be hard to understand.
We’ve all been there – cash flow is suddenly limited, and you need to change your spending strategy – fast. Cut some corners with money saving tips that take the pain out of penny pinching.