The?National Consumer Agency (NCA) today launched its ?My New Baby? online guide to help first-time parents financially plan ahead for their new arrival.
The NCA?s new guide comes as recent statistics from the ESRI show that Ireland has the highest birth rate in the E.U. with 75,600 births in 2010.
The ?My New Baby? guide contains information for new parents to help them organise their finances to prepare for their new arrival and ease the financial stress of a new baby.
Ann Fitzgerald, Chief Executive of the NCA explained
?Having a new baby is an exciting time for parents but, for many, their little bundle of joy will bring huge changes financially. First-time parents face a number of expensive once-off purchases before a baby arrives and there will also be ongoing costs, such as nappies and baby care products to consider. Some parents may see a change in their income depending on their maternity leave entitlements and their work situation.?
Parents may also need to budget for childcare costs depending on their work arrangements, which may have a big impact on their budget.
The NCA has produced the Baby Steps booklet, which helps parents make the most of their money, ease some of the financial pressures of family life and plan for the future. The booklet is available to download on?nca.ie?and contains information for parents in three stages:
* Planning for your baby?s arrival
* Money matters when you have children
* Planning for your children?s future
In addition to the ?My New Baby? guide, the NCA has lots of information for parents on personal finance, budgeting and managing your money including money saving tips available on?nca.ie.
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Source: http://www.eumom.ie/blog/2012/07/26/budgeting-for-your-baby/
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