You just had a baby - congratulations! Now what? Well, after you make sure you took the right baby home, here are three things to consider right out of the gate.
One, you want to make sure you re-evaluate your life insurance now that you have a new life to provide for.
Two, you want to get with an attorney and draft up a will, because that's the only legal document that allows you to assign guardianship, should something tragic happen to mom and dad.
And three, you want to get college on the brain - you can't start too soon, so go ahead and open that college fund!
And pro tip: encourage your family and friends to gift into that college fund from now and for future birthdays and holidays. Otherwise, you're going to end up with a house full of onesies that they'll outgrow and toys that'll just clutter up the place. Better that they direct that gift and money towards something that has the capacity to grow over time.
Follow along for more empowering tips!