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Useful NYTimes article: Financial and Legal Tips for New Parents


Forum: July 2013 Playroom

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  • 2 Post By bellabri287
  • 1 Post By Kiam

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  #1  
March 10th, 2013, 03:13 PM
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Join Date: Nov 2012
Location: VT
Posts: 352
I found this article really useful:
http://www.nytimes.com/2013/03/09/yo...t-parents.html
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  #2  
March 10th, 2013, 06:10 PM
Twin Mama
Join Date: Oct 2011
Location: California
Posts: 2,230
Very interesting but a lot of times I feel worse after reading articles like these. I see all the things we won't be doing because of finances, things our parents didn't do for us, and I wonder are all these things the article lists really necessary? Of course some are for sure, but meh, to each his own on some things.

We felt financially OK for 1, then we found out we were having 2 so the start up cost will be much more. As almost everyone tells me, you can plan and plan but you will never be 100% financially 'ready' for a baby, so true.
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  #3  
March 10th, 2013, 07:18 PM
Kiam's Avatar Mega Super Mommy
Join Date: Sep 2012
Posts: 1,951
I don't believe they all are necessary. Some are, like writing a will, that is important because none of us know when we are going to die and we need to have some sort of plan for that, but others not so much.

I always scoff at life insurance and income protection insurance, but in Australia our superannuation covers that, so it really is just a big scam over here. I don't know about anywhere else though.
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  #4  
March 10th, 2013, 11:54 PM
LadyGamer's Avatar Objection!!!
Join Date: Jun 2008
Location: Toronto, ON
Posts: 12,478
Well, DH and I have already decided that my parents are going to be our childrens' guardians. Once they get too old, then we will decide which of my sister's will get them, depending on life situation and willingness. Andrew's family aren't in the financial position to care for children.
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  #5  
March 11th, 2013, 09:57 AM
tela's Avatar Platinum Supermommy
Join Date: Jul 2008
Location: PA
Posts: 15,207
i liked the article. while we didn't do all of it right away with DS, we did eventually figure everything out finance-wise and are in a much better position this time around. the only thing we never made time for was date nights, lol!
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