We give you the lowdown on the money faux pax to avoid as new parents.
Having a new addition to the brood is an exciting time for young parents; in your hands is a living, breathing new member of the family that you and your spouse have created. That being said, it’s not all rainbows and sunshine when it comes to having a child. Besides having a mouth that depends entirely on you to feed, your mini-me will also inevitably tap into your finances with the child-rearing expenses that are part and parcel of raising a kid. After all, having a child is not simply an emotional commitment; it’s a financial one as well. Some studies even put the average cost of raising a child up to university age in Singapore at $670,000. As parents, it is your responsibility to navigate the challenges of raising a young munchkin while keeping an eye on your financial future.
You can read up to 3 premium stories before you subscribe to Magzter GOLD
Log in, if you are already a subscriber
Get unlimited access to thousands of curated premium stories, newspapers and 5,000+ magazines
READ THE ENTIRE ISSUE