When my husband and I had our first child several years ago, we felt financially prepared. We had to dip into our savings for fertility treatments and related medical expenses, but I was steadily freelancing as a writer and editor to supplement the loss. Our bank account was in solid shape when our baby boy was born. We were a little family of three.
A few days after our son's first birthday I took a pregnancy test, assuming it would be negative. It wasn't. It was a wonderful surprise, but this time our balance sheet wasn't looking so good. We were in the middle of home renovations, and our savings had taken a dive due to unforeseen renovation extras. Here are five lessons I learned to help cut down on the costs of bring a parent.