How To Avoid Money Faux Pax As New Parents
Parents World|Issue 73
How To Avoid Money Faux Pax As New Parents

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.


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Issue 73