10 Financial Events to Plan for in Your Children's Lives

Kids come with expenses – it’s part of the deal. But with a little planning, you can be ready for every financial milestone. ©iStock/Thinkstock

Picture this: You have finally gotten your financial house in some semblance of order, when -- poof! -- you find out you're going to have a baby. Just like that, a hole is blown through the metaphorical roof. You want your child to have all the necessities -- a nice home, a college education and plenty of financial smarts -- but how do you get started?

You can begin by taking a look at your own finances. Get them in the best order the you can (sorry, helping with that is beyond the scope of this top 10 list), and then read through the list here. These financial events, presented more or less in chronological order, are the things you should be planning for as you raise your child to be money smart and financially independent -- without wrecking your own bank account in the process.