How to financially prepare for parenthood

From taking out insurance to utilizing key tax breaks

An illustrated image of a mother and child sitting on top of a stack of cash
(Image credit: AI SOMEYA/Getty Images)

Kiplinger logo

Congratulations! Parenthood, as you've likely realized, is a major milestone, and as with most life milestones, it's going to shift things financially. While it might be easy for financial considerations to get pushed to the back of your mind amid thoughts about birthing plans, baby registries, and all the nuances of raising a tiny human, your financial situation is too big of a foundation to overlook.

Subscribe to The Week

Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

SUBSCRIBE & SAVE
https://cdn.mos.cms.futurecdn.net/flexiimages/jacafc5zvs1692883516.jpg

Sign up for The Week's Free Newsletters

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

Sign up
To continue reading this article...
Continue reading this article and get limited website access each month.
Get unlimited website access, exclusive newsletters plus much more.
Cancel or pause at any time.
Already a subscriber to The Week?
Not sure which email you used for your subscription? Contact us
Becca Stanek, The Week US

Becca Stanek has worked as an editor and writer in the personal finance space since 2017. She previously served as a deputy editor and later a managing editor overseeing investing and savings content at LendingTree and as an editor at the financial startup SmartAsset, where she focused on retirement- and financial-adviser-related content. Before that, Becca was a staff writer at The Week, primarily contributing to Speed Reads.