It’s no secret that having a baby can be extremely expensive, and couples often struggle with determining whether or not they’re ready to expand their family due to the financial burden it can have on them.
Thankfully, a series of financial advisors have revealed just how much money parents should have saved up before they have a baby – and shared some vital advice for expecting moms and dads who want to ensure their kids have funds for their futures.
According to the experts, it’s important to start planning long before the baby is born – even if that means making some sacrifices.
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