---
title: 3 Financial Must-Dos for New Parents
description: A financial expert explains three important steps for your to-do list.
authors:
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published: '2016-05-06T11:00:41.000Z'
modified: '2016-05-06T11:00:41.000Z'
section: Personal Finance
tags:
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  - Alexa von Tobel
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source: structured-blocks
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> **Disclosure:** We research all brands listed and may earn a fee from our partners. Research and financial considerations may influence how brands are displayed. Not all brands are included. [Learn more](https://money.com/page/disclaimer/).

![Screen Shot 2016-05-04 at 4.46.27 PM](https://img.money.com/2016/05/screen-shot-2016-05-04-at-4-46-27-pm.png)

About to have a baby? Thinking about having a baby? There are a few things - at least financially - that you need to think about before the new addition to your family arrives. [Alexa von Tobel](https://www.learnvest.com/) suggests that before your baby arrives, you learn how to budget properly. Most Americans don't budget, but if you are going to be buying diapers, you probably need to know how much money you have coming and going out each month. You also need to think about your savings and how you will save for your child's future. A 529 plan is a good place to start. Get life insurance, if you don't have it already, and check out your health insurance plans. Know your options and pick the best health plan for your baby.

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