Having a baby is a huge milestone, bringing new levels of joy, renewal and family togetherness. But before you get too caught up in all the warm, fuzzy feelings, remember that having a child also comes with a price tag — or two or three.
Having a kid isn't a sprint. It's a marathon, one likely to have financial implications for the rest of you and your child's lives. Planning and educating early can provide an enduring source of support down the road.
Hospital costs for baby deliveries have skyrocketed since 2004. Depending on where you live in the United States and how you deliver, plan on experiencing some sort of sticker shock when you receive your bill.
Unless you have an MBA in finance, trying to decipher how education is funded in the U.S. could leave you reaching for a nice glass of wine. We'll break it down so you can understand it even without the help of a chardonnay.