Before kids, your idea of budgeting was making sure you didn’t completely run out of money before your next payday. Keep that money mindset after starting a family, and it won’t be long before your carefree spending gets you in trouble.
That’s because kids are expensive, and not just in a can-you-believe-the-cost-of-diapers kind of way. When you have kids, there’s no more skipping doctor’s visits or taking the bus when your car breaks down. With little ones in your care, you need to be prepared to pay for the Urgent Care visit when your toddler cracks their head on the coffee table (yes, it will happen), that minivan you said you’d never drive, and a laundry list of other expenses that never seems to stop growing. And that means making a budget and sticking to it.