The Skimm: Thinking about expanding your family? Don't forget to think about finances!
Melissa Walsh was recently featured in The Skimm.
When considering adding a new baby to your family, your first thoughts may be of sweet little onesies and baby toes. However, finances are one of the concerns that many people have as they consider a new child. In a recent interview with the Skimm, Melissa Walsh discussed some of the items that may help you determine if you're ready to start a family.
Some of her thoughts include, "There is a financial discipline that makes sense to develop before having kids,” she says. “If you've been able, in the past, to save for retirement or to live within your means, and not accumulate credit card debt, I would say those things are important.”
Additionally, “One of the most common conversations that I have with people is, ‘Yes, you can do it. No, you can't do it now,’” Walsh says. “Whether that's buying the bigger house, or starting the business, or taking that career risk that you've always wanted to take. There's no reason to say no, but sometimes, it doesn't all have to happen at once.”
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