Develop a Budget
Marriage marks an important time to sit down and create a plan for your spending and savings that reflects your new financial situation.
If you decide to have children, your financial picture changes drastically. Now it's more important than ever to create, maintain and stick to a budget. A well-thought-out budget will be your most valuable tool in managing the family money.
If you already have a budget, you'll need to revise it to fit your new, expanded family. Instead of throwing away your old budget, use it as a starting point for the new one by going through each expense and determining whether it will change with the addition of children. If you don't have a budget, this is a great opportunity for you to create one.
Begin by downloading this Budget Worksheet or playing with this Rework Your Budget calculator.