What It Takes to Financially Prepare for a Child

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Newly released figures put the cost of raising a child at more than $300,000. This week, Julien and Kiersten Saunders share the pre- and post-baby costs you need to factor into your family-planning budget, what products and maternity items you can skip buying, and their No. 1 tip when it comes to spending.

Prices vary when it comes to having a child—from medical emergencies to formula costs to schooling—but no matter the case, there are still a plethora of expenses every future parent should prepare to absorb. It’s not just necessary to save money; it’s also important to plan the best and most efficient ways to spend it. Julien and Kiersten discuss the importance of setting up a health-specific savings account, what necessary budget adjustments to consider and ways to save money on baby supplies. 

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Julien and Kiersten Saunders, Money Editors for SUCCESS magazine, are the couple behind the award-winning blog and forthcoming book, rich & REGULAR. They are producers and hosts of the original series, Money on the Table, which blends their passion for food with thoughtful conversations about money

+ posts

Julien and Kiersten Saunders, Money Editors for SUCCESS magazine, are the couple behind the award-winning blog and forthcoming book, rich & REGULAR. They are producers and hosts of the original series, Money on the Table, which blends their passion for food with thoughtful conversations about money

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