Expecting a baby? Here are 4 tips to manage your finances

Being a new parent not only requires people to be emotionally invested but also needs them to be backed with enough resources. While the foremost point on the to-do list would be to get the house in order and ready for the new member, in the present times, equal focus is needed on long term financial planning as well that comes with creating a family.

Planning the costs at hand should be the first step to keep an attentive tab on expenses that will be incurred including pre and post natal charges during the maternity period, including hospitalisation and delivery costs. Beyond this, the expenses would cover child's day to day needs, necessary listed vaccinations, followed by other annual expenses that are required for the first few years pertaining to the baby’s health.