How to Financially Prepare Before Having Kids

Join our #CreditChat on Twitter every Wednesday at 3 p.m. ET.

The panel included Rod Griffin: Senior Director, Consumer Education and Advocacy, Experian & Christina Roman: Consumer Education and Advocacy Manager at Experian;  Beverly HarzogCredit Card Expert and Consumer Finance Analyst for U.S. News; Paulina Likos: Investing Reporter at U.S. News; Take Charge AmericaLawrence D. Sprung: CFP® President of Mitlin Financial, Inc.; and Andrew ChenFounder,

Questions We Discussed:

Q1: What are some anticipated expenses to plan for before having a baby?
Q2: What are some money moves to make before having a baby?
Q3: How do you know when you’re financially ready for kids?
Q4: What are some ongoing lifestyle changes you might need to account for when having kids?
Q5: What are some ways to save on essentials for babies?
Q6: What are some strategies for protecting your child’s financial future?
Q7: What are some ways to save on babysitting and childcare?
Q8: What are some strategies to save for a child’s higher education?
Q9: How does having kids affect your debt and credit?
Q10: Any final thoughts or tips on how to financially prepare before having kids?

Retweet these insights from our community: