baby Archives - Your Family Finances

What Are Your Options for Paying Medical Bills When Your Child Has a Birth Defect?

Having a child is supposed to be a happy blessed time, but if your baby is born with a birth defect it can be emotionally devastating, and expensive, but it doesn’t necessarily have to devastate you financially. Dealing with the accumulating medical bills may seem impossible, but assistance is available. Never ignore a bill, because this can lead to collection agency action and lawsuits. Instead, consider these ways of satisfying your financial obligations.

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Money-Saving Tips for New or Expecting Parents

Children / By Guest Author

Welcoming a baby is truly bliss. But, along with the ultimate happiness and the overall excitement this new life brings, there come many expenses. That is why smart budgeting is essential, and if you start taking care of your finances on time, you will be able to relax and enjoy life with your growing family. Here are some money-saving tips for new or expecting parents.

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4 Expensive Family Events & How to Save Money on Them

Family / By Tim McMahon

Regardless of the amount of money that your family makes, a burden can be put on family budgets by some events. When this happens, it is often time to think outside the box to come up with the extra funds needed. Here are four common family events and how you may consider financing them.

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Cost of Giving Birth Skyrocketing!

Children / By Tim McMahon

Can you imagine paying half your annual salary just to have a baby? According to recent statistics the median household income is $50,502 and the cost of a single birth is $28,169! That is up from $17,035 before Obamacare was introduced in 2007. Even if you have insurance, you are getting stuck with a much

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Budgeting for a Baby

Children / By Guest Author

Despite what modern people might claim, quite a number still hold on to traditional dreams and desires. Probably the best example of such a dream is that of one day having a family of your own. Kids are great no doubt, they bring joy, excitement and a sense of awe and wonder to life but

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Tax Deductions for New Parents

1 Comment / Children, Taxes / By Guest Author

Tax Deductions Babies bring immense joy to their families, but they introduce new complexities as well. Parents that are fresh on the scene often lack knowledge of what they can and cannot deduct, and the tax code is confusing enough to navigate without accounting for dependents and child-related expenses. The good news is that new

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