21.08.2015

How to prepare for having a baby

Having a baby is a huge life change that is exciting, but can really impact your work life. First, you'll need to know your rights as a working parent in order to prepare for the impact a baby will have on your career.
Cover yourself by keeping copies of all the forms you submit in a folder that you can easily access.
Treat your absence as an opportunity for your team mates to grow their skills and develop experience that they may not have the chance to otherwise.
Prepare a list of your core responsibilities, dividing them into the tasks that can be assumed by others and those that aren't so easy to delegate, such as client relationships, expertise-related functions, and mentorship of direct reports.
Some parents are confronted with large hospital bills for things they never, or seldom, used during labor.
Both before and after your baby arrives, you'll need to make time for extra doctor's appointments.
Reach out to other working parents for support as you re-enter the your job with an entirely new situation at home. Raising a child from sweet baby to hormone-riddled teenager will cost a typical American family nearly a quarter-million dollars, according to government data -- and that's not even including college. However, before you toss the idea of being a parent out the window, understand that with some forethought and advance planning, you can handle those costs.
You can prepare an emergency fund well before the baby's arrival and should continue adding to it after the child is born. Yes, college is a big expense not included in these statistics, but that doesn't mean you don't prepare for them. For example, putting $25,000 more into a 401(k) over the years -- instead of putting the money in a separate 529 account -- can have a major impact on your retirement savings, especially when compounding interest is factored in. We've invested millions of dollars to create hundreds of free articles and the industry's most investor-friendly financial dictionary on the web, making InvestingAnswers one of the premier resources for thousands of investors around the world.
First, you’ll need to know your rights as a working parent in order to prepare for the impact a baby will have on your career.


Before you start to show, or before your partner does, talk to your boss and then your coworkers about how things will change during your maternity or paternity leave. Prepare a list of your core responsibilities, dividing them into the tasks that can be assumed by others and those that aren’t so easy to delegate, such as client relationships, expertise-related functions, and mentorship of direct reports.
Some parents are confronted with large hospital bills for things they never, or seldom, used during labour. It can be tough to stay productive while caring for a new baby, but getting your schedule in order can really help. Find out how much maternity leave your company (and your partner's company) allows, and what pregnancy-related medical costs your health insurance covers. For example, one family in Texas was charged $1,650 for nursery services they never used during their stay.
Numbers such as those demand parents have a plan well before a baby comes into the equation.
If you break down the price over 17 years, the yearly cost for raising a child averages about $13,000 -- roughly $1,100 per month.
Remember, when the baby comes, at least one parent will likely need to take time off, whether that comes through vacation, family medical leave or other unpaid leave, so it is crucial to consider how that will impact your financial situation. Additionally, consider tax-deferred ways to pay for expenses -- for example, employee-sponsored flexible spending accounts for health expenses or 529 plans for education. When the number gets big, it can be tempting to forgo a budget and dip into those funds for things such as down payments on cars or other expenses for which you can budget. While many say you should start as soon as possible, others say that saving for college should be near the bottom of your priority list. You’ll need to consider everything from when to tell your boss to how to get your finances in order (and cover the cost of your absence). Find out how much maternity leave your company (and your partner’s company) allows, and what pregnancy-related medical costs your health insurance covers.
Be ready to discuss when your last day might be, how long you will be gone, and who will cover your responsibilities while you’re away.


For example, one family in Texas was charged $US1,650 for nursery services they never used during their stay.
If you plan to be a working parent, there is a lot you can do to balance career and family, but you need to prepare at work early. A new study, however, suggests that greatly altering your sleeping schedule on the weekend can have a similar effect. Contributions qualify for tax exemptions and can be used to cover tuition, fees, room and board, books and computers. A child won't know the difference when they have one fewer Buzz Lightyear doll, but they will appreciate money toward college education for years to come. The early you begin to prepare yourself for the high cost of parenting, the better off you'll be in the long run. Here are some tips to put your best foot forward when it comes to balancing your pregnancy and work. This savings account should help to cover the increased living costs of having a baby as well as any decrease in income from maternity or paternity leave.
However, others believe there are many interesting and important aspects of intimate robot partners that are worth researching and discussing.
However you balance family and work, aim to be present when you're with your baby and when you're at your desk. Because while people can take out of loans for college -- as unappealing as they may be -- they can't take out loans for retirement.



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