Submitted by newwjusef t3_11dzphc in personalfinance
Laraujo31 t1_jacrtd7 wrote
The big one is insurance. Make sure everyone is covered under your plan (if your job has one) or look for one in the marketplace. If you are not married, then she may qualify for Medicaid etc. As for budget, I don't know what your financial situation is but i would cut back on unnecessary costs (1 car instead of 2 etc.) I would also keep an emergency fund.
newwjusef OP t1_jad6f1u wrote
Makes sense - they'll go on my employer's insurance. And also makes sense on the bigger things like cars, we have two that are fully paid off and will likely sell one and upgrade but buy it out in cash w/o a loan.
Laraujo31 t1_jadaa8a wrote
Yeah, my wife stays at home with the kids and we only have 1 car. However, we live in a city where public transportation is readily available so if i am not available she has a way to get places.
Congrats on the baby! I would look into paternity leave options where you live. If your salary is fully covered then i would take it.
newwjusef OP t1_jadbdjd wrote
Thanks! I get 4.5 months so will take most of that.
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