Aug 12th, 2008
Im gonna be a dad!
That’s right, we’re having a baby boy! I am a lucky guy. A few years ago I had a rough patch of life when I got laid off… Little did I know that the next portion of life would be so rewarding. I met the most amazing woman who I now get to marry, got a great job and now the latest development; I get to be the father of a baby boy. I pretty much get choked up just thinking about it, I cant wait for the first time I get to see him.
It seems like it was just yesterday that I was the kid looking up to my dad. I remember nothing was ever a huge problem as long as dad was around. Now its my turn to be the protector and guide and Ill be honest: its damn scary. That being said Ill try to stick to some financial talk here. I made a checklist of financial things that need to be done before/after the baby is born that aren’t related to buying things…Ill write more on that a different time.
1) Get the baby’s Social Security Card
2) Get the baby’s Canadian Social Insurance Card (since I am a Canadian citizen, he gets to be one too)
3) Adjust insurance to cover baby
4) Adjust budget for coming baby expenses
5) Check for government benefits/tax credits
6) Adjust my life insurance policy
7) Do a complete re-read of our company insurance policy so I can understand exactly what is covered with dependents and expenses once they are added.
8] Possibly start a 529 Educational savings plan
Feel free to add any that you think of…
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