Our question of the month comes in from Stephen:
My wife and I are expecting our first child this year, so it will be a true test on how we work around the new costs we will be accruing. I am on pace to pay off a student loan in 3 years and I don’t want to break that. We max out our 401k and we pay extra on our mortgage and my student loan each month.
I don’t want to lose this momentum we have — we both promised ourselves we would never decrease our 401k contributions because we value investing in our future too much. I guess I’m divulging all of this to ask …
What do you advise so I don’t lose momentum when the baby comes?Continue reading “With a New Baby, How Do We Prepare Financially?”