Budgeting for a new baby

5-3 family budgeting

GRAND RAPIDS, Mich. (WOTV) Creating a budget for a new baby can be a daunting task… from child care to diapers to food and healthcare. Our friends from Fifth Third Bank have some tips from the professionals, and from a new mom herself.

Family budgeting tips

  • Know how much money is coming in, and how much is going out
  • Identify new expenses
  • Adjust spending to accommodate new expenses
  • Set aside money for emergencies
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