Financial prepare for the birth of your baby

You will have a baby? Well, congratulations. Never mind you, I myself would definitely love to come hear there are others who will soon have a new member in the family.

How not? The birth of a baby often gives a new spirit within a family. In fact, the spirit is often in fact already appeared about 8-9 months earlier when the parents get their news from the doctor's pregnancy. And predictably - the top of her happiness is when the child was actually born.

What happens next? The baby grew big. Slowly she started to walk. Maybe at first fledgling, but over time began to run even though he was still a bit stiff. Then, in just a few months or years, you'll see him running to and fro ran down what is in front of screaming noise, and you'll quickly remember back when he was still in your stomach. As it is now.

As a Financial Planner, if you have a baby who may not have been born, no one else I can do except advise you to prepare to meet the family's finances in the birth of the child.

Why you should prepare to meet his birth in finance? Obviously dong, when the child is still in your stomach, every one or two times a month you have to go check your content to an obstetrician. It would cost. Then when you give birth, it also would cost. Not to mention that using the tools of his birth, induction or caesarean section, the cost could be even greater.

Then you also have to spend money to buy all sorts of baby gear. Starting from the stroller, clothes (which will rapidly shrink as your child grows bigger by the day), milk bottles, diapers, and so forth.

In fact not only that. With the news of the pregnancy from a doctor, perhaps it is time also for you both to reevaluate their spending habits during this family, because this is the time to increase savings in the family.

Below, I will provide some financial steps you need to do at this point if you're commemorate the birth of a baby.

1. Immediately determine where you will give birth, and check costs.

This is important so that you can find out how the estimated cost of labor that you may incur. Choice of place of birth is usually twofold: on the RS / Public Clinic or Hospital / Maternity Clinic.

Not only that, you also need to choose a location. Is That in RS or RS is. Most families often choose the delivery location is close to his residence. Not a problem. The important thing, once you choose a location, try contacting them to check what are the estimated costs necessary if you want to go into labor there.

If necessary, do a small tour to the site to see the atmosphere. It's important for you to feel comfortable when making deliveries in the place. If you do not have a personal vehicle, make sure you have budgeted for transportation at the time of delivery (rental car, taxi, or ambulance).

2. Check whether your labor costs are borne by the office / place of work you or your husband.

If it is, yes, is replaced completely? Or only some? That way you can estimate how costs should you prepare for childbirth care. If you need to check whether the replacement is also replacing the costs you spend on a visit to a gynecologist.

3. Start saving to commemorate the birth.

If the office does not provide such reimbursement, then you and your husband have to set up labor's own funds. There are two ways to save money that can be used. The first is to save regularly every month. The second is to save only once. The second way can be used if at this moment you already have some funds that can be utilized.

Where you can save your money? There are only two investment products that I recommend: the first is savings. This is because the savings will not decrease its nominal value can be taken at any time.

When you invest just once, then you may be putting your money into a second alternative investments, ie deposits. You can choose term deposits with a short time only, such as deposits of one month. Thus, every month you can evaluate whether you will still put your money on deposit, or pick it up if necessary.

4. Start saving for baby.

Not only are labor costs that you need to prepare. It's also important that you prepare funds for all purposes during the first few months babies such as soap, powder, baby oil, shampoo, clothes and others. As for the cost of daily needs such as the cost of milk and baby food, should be included in your monthly budget daily.

5. Take life insurance.

If your husband is the sole breadwinner in the family, suggest it to have an immediate life insurance. Compensation insurance can be used to pay family expenses due to the death of the breadwinner. And most importantly, life insurance benefits may also reimburse the cost of labor and all kinds of expenses for purposes of your baby later.