Planning for significant life transitions is central to financial planning. As recent first-time parents, we can say with confidence that there may be no greater transition in life than starting a family.
Deciding to start a family is one of the most exciting and life-changing decisions a couple can make. All too often, couples get caught up in the rush to decorate and stock up on baby supplies at the expense of prioritizing essential financial planning considerations.
Managing our own money doesn't necessarily top our respective list of things we enjoy doing with our time. But doing so is easier than you might expect. Here are a few simple steps to getting on top of your finance.