Tests To Help You See If You’re Ready For Kids

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Save a third of your paycheck, each month, for three months

Considering that caring for a baby in her first year of life will cost you roughly $12,000 (and that’s a conservative estimate), a couple with a household income of $100,000 a year should prepare to put away about 12 percent of their income, just for the child. And a little more for emergencies. So, start automatically directing that amount to a savings account each month, now, just to see how it feels.

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