How to Prepare Financially for a Child

We had a great conversation with the daughter-in-law of one of our clients. She and her husband recently had a child and she wanted to think about additional planning as far as investments. Here’s how we helped her prioritize her finances.

 

Read more and get additional financial resources here: http://smartmoneyquestions.com 

 

What we discuss on this episode: 

4:06 – Babies and finances

5:57 – Take advantage of benefits

8:23 – Disability insurance

10:42 – Budget for retirement investment

13:26 – Good debt and bad debt