It's tempting to start a college fund right away. An emergency fund usually comes first.
In order
- Build an emergency fund
- Keep saving for your own retirement
- Consider a 529 education savings plan when you're ready
- Ask relatives to give to the 529 instead of more toys
Protect the family
Consider life insurance and a will to name a guardian.
General educational information, not medical advice. Nickel Nest Egg isn't paid by any baby brand, store, registry or insurer.