Kids can be expensive; the cost of childcare alone is pretty steep. If you're thinking about having children, prepare for the financial hit with a "baby budget".
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Over at Business Insider, Matt Becker of Mum and Dad Money suggests living on a pared-down budget before the baby comes.
Becker suggests using a baby costs calculator to estimate costs and plan for any change in income during work leave and promptly start living on your new budget during the pregnancy.
The idea is that you get used to living with a certain budget, and you can also sock away the mock expenses in a savings account to help you prepare. For more detail, check out the full post at the link below.