If you are expecting a baby for the first time, you may be unsure as to what to expect financially. Up until now you only had to worry about your own financial welfare, but now you have to take care of someone else. So while before you might have sacrificed essentials to buy a new pair of designer shoes, this can no longer be the case.
Most new parents will find this new financial responsibility overwhelming and so the National Consumer Agency (NCA) has launched its “My New Baby” online guide to help first-time parents financially plan ahead for their new arrival. This new guide contains information for new parents to help them organise their finances to prepare for their new arrival and ease the financial stress of a new baby. There are easy to follow tips for new parents, and there is also an online Baby budget planner and Baby Steps booklet.
The Baby Steps booklet helps parents make the most of their money. The booklet is available to download on www.nca.ie and contains information for parents in three stages:
- Planning for your baby's arrival
- Money matters when you have children
- Planning for your children's future
In addition to the “My New Baby” guide, the NCA has lots of information for parents on personal finance, budgeting and managing your money including money saving tips available on www.nca.ie.
