WEBVTT

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So now that we've got the paperwork out

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of the way , let's dive into some of

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the basic financial planning topics

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you'll want to consider as you bring a

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new child into your family . We'll

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begin with a review of your spending

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plan and then discuss the importance of

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having an emergency fund . While all

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the topics we're about to cover are

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important , creating a spending plan or

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updating an existing one is super

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important . Why ? Because recent

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reports estimate that the cost of

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raising a child from birth to age 18 is

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right around a quarter of a million

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dollars , and that doesn't include the

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cost of college , which we'll also

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cover here in a little bit . There's

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really no way around it . Having

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children is going to impact your budget ,

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taxes , and financial goals . So

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knowing that , let's look at some

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things you can do right now to keep

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your finances on solid footing .