Having a baby, no matter if it is your first or your fifth, is a life changing experience. It is also one of the most expensive experiences. From the initial hospital bill to food and daily care, children can cost thousands of dollars. While the joy that they bring into your life makes it all worth it, knowing how to wisely spend your money as your family grows can help to ensure that you do not drain your bank account with each bundle of joy. Keep these parenting tips in mind to help you stay financially stable.
- Diapers and formula – while the expensive formula and diapers may seem like the best choice for your baby, it probably is not. Generic brands can be just as good and can help you save thousands of dollars in the first few years of your child’s life.
- Child care – many parents are shocked when they find out just how much a few days at day care will cost. If you can, enlist the help of family members to watch your baby. Not only will it help you save tons of money, but you can feel better knowing that your baby is in the care of someone that you trust.
- Health care – make sure that you fully understand your health insurance policy. Children will get sick, and knowing what you will pay for each doctor’s visit can help you make a decision if it is really necessary to take your child in. While your child’s health is obviously the most important, make sure that you really know what you will be paying each time you visit your doctor.
For all of your insurance coverage needs and to ensure that you and your children have the protection that you deserve, contact the insurance professionals at Humble & Davenport Insurance in Renton, Washington.