I was just thinking of an appropriate name for our first child. Oh, I didn't tell you? We're expecting and I'm going to be a Dad for the first time. :)
It's strange, now that we're pregnant, all I see are kids everywhere. Whenever I shop now, there seems to be a major market geared towards kids stuff. Where did all this stuff come from? Why didn't I notice it before?
As the planning has progressed I started thinking about the financial impacts of having a newborn. I went back to the archives, and dug out the old article about Newborn Baby Expenses to see what to expect. Besides the regular diapers/formula etc, the stroller/crib/carseat/high chair costs can really add up. The baby product companies charge top dollar for stuff, and you know what? Parents will pay for it! Only the best for your baby right?
Not only will the newborn expenses add up, my wife will be taking 1 yr maternity leave also. This will undoubtedly take a big chunk out of our income but an essential expense none the less. Hopefully 2008 will be as financially successful as 2007 has been.
On top of all that, I'm thinking about ways to teach my child to be financially savvy. I've heard that learning by example goes a long way, but I'm always thinking of more methods. I will write more about this in the future.
Any suggestions on strollers, cribs, car seats, high chairs from parents would also be appreciated. I'm just starting the baby equipment journey now and some advice on what to look out for would be great.If you would like to read more articles like this, you can sign up for my free weekly money tips newsletter below (we will never spam you).