Having children is a huge life changing experience and without some careful serious thought put into this decision, a lot of things can and usually end up going very wrong.
The Money

This of course can eventually have disastrous consequences for both the parents and the children within the new family unit. Therefore in the quest to make things as comfortable as possible, parents have a duty to explore, understand and prepare their finances for the additions intended.

To start with, the parent should first consider the finances needed even before the baby arrives, and this can certainly be quite a commitment.

There would be several new things to acquire for the comfort and essential basic needs of the new addition to the family unit. Most of these items would be considered necessary and certainly should be acquired long before the baby is even born.

There should ideally be enough finances in place to accommodate all the shopping sprees that would be part and parcel of preparing for the new baby.

After this initial costing has been taken into account, the next step would be to consider the follow up costs that would be incurred while the mother to be is with child.

There would be medical bills to consider as the mother to be would require a lot of periodical medical checkups to ensure both her health and the health of the unborn child is taken care of.

Then there are also costs of the actual delivery to be considered along with other additional costs should any unwanted complications occur. These are all very basic and immediate costs that will be incurred.

The above costs would then be followed by other future costs such as the child educational needs which will range from preschool right up to college. All these cost would have to be factor in, although admittedly it does not have to be immediate.