The first 3 things to do with your money before you have a baby are easy to overlook

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Everyone knows having a baby is expensive, but there are steps you can take to organize your money before they arrive

. Financial planners advise getting familiar with your health insurance, since pregnancy and birth are major medical events. Also, they caution, don't wait to figure out the plan should the worst happen and you be unable to care for your child — establish guardianship immediately. Tiny shoes and shiny cribs are some of the most fun ways to prepare for a baby. Making sure you have liquidity and examining your health insurance? Not so much.

. Financial planners advise getting familiar with your health insurance, since pregnancy and birth are major medical events. Also, they caution, don't wait to figure out the plan should the worst happen and you be unable to care for your child — establish guardianship immediately. Tiny shoes and shiny cribs are some of the most fun ways to prepare for a baby. Making sure you have liquidity and examining your health insurance? Not so much.

 

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