I started this blog over a year ago to help get our personal finances in order and prepare for our wedding and eventually starting a family. Well as these things tend to go, life got busy, the wedding came and went, now here I am in the delivery room with a lot of the same financial questions.
Babies have a way of changing perspective especially on the day of their arrival. With this new perspective I need to get the following done in the next 2 weeks:
- Confirm My Beneficiaries: Technically this should of been done when I got married but this has now become a even higher priority item. I need to make sure that my wife is in a position to receive the money from all of my accounts to support our child.
- Get Life Insurance: I’ve slowly been working towards this by losing weight to get a better premium but I still haven’t made up my mind on whether I want term or life and exactly how much insurance. I need to calculate all of our future expenses and determine the amount we’ll need.
- Set Up An Education Fund: As soon as the baby is born I’m off to the bank to setup an resp. Luckily I have a fairly good idea what I want to do. However I haven’t given in the analysis that I would like to make sure I’ve done my due diligence.
The future seems so exciting now that my baby is due to arrive in about 3 hours, hopefully. My list of things to-do reflects my thought to the future and the care of my wife and baby.
P.S. If you’re wondering how I found the time to write this during labor all I can say is this “Bless the miracle of the epidural and the support of a doula”.