A financial guide for new parents

BEING a parent is a huge responsibility. It is a life-changing event that most newlywed couples look forward to. But this life transition does not only entail emotional willingness to move to this level. Building a family requires financial preparedness. The next thing you'll know, a new life is entirely dependent on you. Expenses are tied with child-rearing so it is a must to assess yourself financially, if you are ready to become a parent.

Here are the top things that you need to do to be financially ready.