Are you and your partner thinking about having a baby? The first things that come to mind likely include organizing a registry, planning a baby shower, prepping your nursery, and purchasing clothes for your new bundle of joy.
Yet, some of the most important things you can do to prepare for a child are things you may not think about right away – like planning for transportation, childcare, and educational needs.
Not sure how to get started? Here are some simple tips to guide you in the right direction as you rework your budget to provide the best possible future for your family.
Growing your family may mean trading in your old car for a new, more family-friendly vehicle that has the space, safety features, and rear-seat visibility you need. Here are just a few things to think about as you shop around for a new ride.
Childcare is one of the highest monthly expenses for families, often ahead of other necessities like food and housing. Take some time to research potential options that can help reduce your childcare costs. Here are some ideas to get you started.
Education can be a significant expense throughout the course of your child’s lifetime, and it’s never too early to start preparing for it financially. There are many options to help you save for your child’s educational expenses.
If you’re planning for private K-12 education or college, a Coverdell ESA is an investment account that provides tax benefits and can start making your money work for you. Compared to a 529 savings plan, a Coverdell investment lets you use your savings on elementary and secondary education, in addition to postsecondary.
Once your child is born, starting small and saving just a little bit every month can open doors for their future. If your income increases as your child grows, think about adding more to the account each month.
If buying a more family-friendly new or used vehicle is one of the priorities on your list of things to do before your new addition arrives, remember that it’s important to secure a monthly payment you can afford. Getting approved for an auto loan from PSECU is a quick way to finance a vehicle that’s ready to take you on life’s journey. Once you’ve found the payment that makes sense for your budget and apply online, you can receive a quick loan decision, often in minutes.
Our loans make financing your auto purchase as smooth as possible. With low rates, flexible terms, and no-hassle financing, you can focus on what’s important to you while we take care of the rest. Learn more about our auto loan options today.