First comes love, then comes marriage, then comes baby in a baby carriage? No matter the path you took to get here, if you're expecting a little bundle of joy or planning to adopt a child, now is the time to start planning ahead. Perhaps it's been something weighing on the back of your mind, and you just haven't gotten around to it, or maybe you hadn't even considered the financial "to do" list that comes with a new baby, but the fact is, adding a new family member comes with new financial obligations.
While you may not get to choose which college your child will attend or which career path they will take, there are steps you can take to lay a foundation of financial success for your children. Here are three specific steps you can take to better prepare for your growing family.