New Baby Financial Checklist
This will be a short post. What I wanted to do is to outline all the financial matters I need to take care of for the baby due this December. As I do more research, I hope to write additional posts and link to them from here. Hopefully, I will have a decent checklist with links to more detailed information in the next few months.
Here is my first cut at the new baby financial checklist:
- Get the baby’s Social Security Card
- Set up a college savings plan and a plan to set aside money
- Adjust coverage for:
- Life insurance
- Medical insurance
- Disability insurance
- Adjust beneficiaries for:
- Life insurance
- 401k accounts
- IRA accounts
- Bank accounts
- Other financial accounts
- Increase emergency fund to accommodate the baby’s expenses
- Adjust will
- Adjust budget for higher expenses and possibly lower income if one parent decide to stay home
- Check and apply for applicable government benefits
- Check and claim for applicable tax credits and deductions
Now it is time to go and do more research.
Other Articles You May Like
Pinyo is the brain behind Moolanomy personal finance blog and a few other web sites. If you like this article, please subscribe for
free daily email updates.
All posts by Pinyo
Get Free Email Updates
Like this article? Enter your email address and click "Subscribe" to get the latest articles sent to your email for free. Your email will only be used for this daily update and you can unsubscribe anytime.
If your trackback does not show in 24 hours, please resend to this trackback URI.
-
Weekly Dough Roller Roundup (Back to School Edition) » The Dough Roller
-
Sunday Money Roundup - Hot As A Mother Edition. | My Two Dollars
Banking and Investing
Your Credit Score
Best Credit Card Offers
What's hot on PF Buzz?
Relevant Articles From Other Sites
Sponsored Links
Important Notice: I am NOT a financial professional and no content within this website should be considered financial advice. Please consult a certified financial expert before attempting any of the ideas described in this website. Please read the
Disclaimer for more information.
- CheapLoans.co.uk - A simple way to find cheap loans. For a hassle free quotation, apply now!
- Mortgage Refinance - FHA lender offers fixed rate mortgage refinance loans for consolidating adjustable rate debt and loans, getting cash back and financing a new home remodel.
Good luck with this. I look forward to your completed list.
Tom, thank you. That’s very kind. Look back in a few weeks and you will not be disappointed.
In a lot of states you fill out the necessary stuff for social security card in the hospital and they send it for you. Just one thing for your list
Thanks! I have to find out what happens in New York.
You are very welcome for me adding your article to sk*rt it is a pretty fun way to gain new readers. You can add a skirt badge to your posts if you like.