Five ways new parents can sort their finances

Most parents will tell you that you’re never really prepared for the massive life changes that go hand in hand with having a first baby, so the last thing you want to be worrying about is your finances. Of course, other than sleep, finances are one of the first things to take a hit as new parents find themselves learning to cope with reduced income and increased costs. This is the time to put a financial safety net in place. Even though sooner is better, it’s never too late to start — so here are five ways to get your finances ready for the arrival of your first baby. Continue reading…