Skip to content

Family Planning from the Piggybank’s Point of View

July 27, 2011

Family planning often means financial planning …
… and quite likely, a change in the way you see your finances.

If you’re expecting a new child, you’ll want to consider any loss of income that will occur during and after pregnancy. (Maternity leave policies can vary, so be sure to review your company’s policy in advance.) Another consideration is the cost of childcare. Study your daycare options early, and plan beforehand. Your baby’s food, clothing, and especially diaper costs will also increase your household expenditures, and it’s wise to plan for “unforeseen expenses” as well.

Finally, you’ll want to consider your baby’s future. Education planning can never start “too early” – in fact, you can actually start planning for college even before a child is born.

Ask many financial analysts, and they’ll tell you a home is a family’s biggest investment … but can any material investment compare to the investment we make in our children?

Is there ever an investment more valuable?

If you or someone you know would like assistance setting a financial plan in motion, please feel free to contact me. I’ll be happy to speak with you.

This material was prepared by Broadridge Investor Communication Solutions, Inc., and does not necessarily represent the views of John Jastremski, Jeremy Keating, Erik J Larsen, Frank Esposito, Patrick Ray, Robert Welsch, Michael Reese, Brent Wolf, Andy Starostecki and The Retirement Group or FSC Financial Corp. This information should not be construed as investment advice. Neither the named Representatives nor Broker/Dealer gives tax or legal advice. All information is believed to be from reliable sources; however, we make no representation as to its completeness or accuracy. The publisher is not engaged in rendering legal, accounting or other professional services. If other expert assistance is needed, the reader is advised to engage the services of a competent professional. Please consult your Financial Advisor for further information or call 800-900-5867.

Comments are closed.

%d bloggers like this: