Having a Baby – Birth and Adoption
One of life’s greatest gifts is giving life to another. Raising a child involves many rewards and a lifetime of responsibilities. Ensuring a sound financial future for your child should start now! Having a child, either by birth or by adoption, can be one of the most exciting times of your life. At the same time, bringing a baby into your life can be stressful, especially in the ways it affects your income and finances.
By taking some time now to become informed, you can save yourself some of the worry and begin to put all of the necessary plans in place.
Baby’s First Savings Account
It’s never too early to start saving. Start a Youth Savings Account for the child in your life at an early age and they can grow up learning the importance of saving for the future. Learn about our Happy Saver’s Club and how you can make deposits for your child and teach them how to save for themselves!
Start Saving for Education Now
Planning on sending your new bundle of joy to private school? Thinking about saving up for their college education? With the rising cost of education, the earlier you start saving, the better. Open a Coverdell Education Savings Account, see IRA options on our rate chart and let your savings grow tax-free until it’s time to start paying for those education costs.
Take a New Look at Your Household Budget
Already have your budget all planned out? Babies are famous for their unexpected expenses. Do some research and re-do your budget to include your new circumstances.