Two pre-baby money issues to consider
May 2, 2009 by Jennifer Chait
Filed under family, finances
If you’re expecting you need to consider a lot of money issues, from health insurance, to how much diapers will cost, to maternity leave, and more. BUT there are two extra important money issues you need to consider either before your baby arrives or very soon after.
A WILL:
If you have a baby you need a will for sure. This is the ONE & ONLY way you can be sure that your child has the guardian of your choice. If something happened to you and your partner you want to be sure that the person of your choice raises your child …read more
Is Baby Life Insurance Necessary?
March 18, 2009 by Jennifer Chait
Filed under Baby Savings, Kid Stuff
In a word – NO.
In many more words, here’s the problem with baby life insurance…
According to Smart Money and Consumer Reports life insurance for a newborn makes little to no financial sense unless your little one happens to be the sole bread winner in the family. Obviously this is rare unless your tot is big time Hollywood, so skip that insurance.
In the Smart Money piece, an actuary with the consumer advocacy group Consumer Federation of America, notes that baby life insurance is not only unnecessary but that, “It’s never a good idea.“
Why you don’t need baby life insurance:
The main reason …read more
