Consider all of the financial factors:
Budgeting and money management become more challenging when life becomes all about your family's needs.
A new baby has arrived, and your household is more active than ever. Family and friends join you in the celebration, and everyone buzzes excitedly.
There’s nothing like a baby to reinforce the fact that even happy events can derail a budget. Consider that a recent U.S. Department of Agriculture study indicated that middle-class families will spend between $270,000 and $393,000 per child between birth and age 18. And that doesn’t include the cost of college.
Needless to say, budgeting becomes extremely important right now.