and could cover your outstanding debts if you die. A level premium means that you'll pay the same amount every year. An age-related premium is cheaper initially, but there are compulsory annual escalations. A will is a legal document that sets out instructions regarding inheritance, guardians for children under 18 years, and the executor of your estate. A will must be signed by yourself in the presence of two witnesses.
"Speak to a financial advisor about the above matters. An advisor is uniquely qualified to help you manage your money and secure a future for both you and your baby," says Anthony.1. Put together an online registry: Friends and family can contribute any amount they wish towards a gift, and you'll receive things you need. Ask family members for help with babysitting and cooking. Prepare baby food and household meals in bulk and freeze them. Look for multi-use items like a changing table that doubles as a storage unit. Consider buying quality second-hand items such as strollers and gently used baby clothing. 5.
Babies outgrow cute outfits within a few months, and baby shoes are unnecessary. Buy clothes on sale. For example, at the end of winter, buy half-price clothing for the following winter, in the appropriate larger size. Many outlets offer affordable, quality, second-hand baby and toddler clothing. "When you invest in insurance and other financial products, do your homework first, shop around, read the fine print, and only deal with established, reputable brands,"says Anthony. News24 cannot be held liable for any investment decisions made based on the advice given by independent financial service providers.