Common Financial Mistakes First-Time Parents Make

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Thoughtful planning can help you meet your financial goals and give your kids the support they need.

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To make sure you’re starting off on the right foot, here are common money mistakes first-time parents make and how you can try to avoid them.

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1. Not Saving For College

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2. Missing Out On Tax Breaks When you have a child, you may be eligible for certain tax benefits.

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3. Not Teaching Your Kids About Money

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4. Avoiding A Budget A new monthly budget can help prepare you for the extra expenses.

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New parents are often too overwhelmed to think a whole lot about managing money, but trying to avoid common financial mistakes could help the whole family, at first and much later.

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FOR MORE ABOUT THIS POST, VISIT RADICAL FIRE

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