Archive for July, 2013

Five financial considerations for new parents If you are expecting a new arrival or have recently welcomed a cute new face to the family fold, you should carefully consider the state of your finances. Recent research has found that the average cost of raising a child to the age of 21 has risen by €5,000 to €261,000. With a child representing such a huge financial commitment, it is essential to prepare financially for the baby’s arrival. At such a busy time it can be difficult to dedicate much time to your finances, so, to give you a helping hand, here is our list of five financial considerations for new parents. Life insurance Many financial experts encourage expectant parents, particularly mothers, to buy life insurance at the...