Send your question to editor@fin24.comWelcoming a baby into your life can be a wonderful and joyous experience. "Many young couples discover that the cost of caring for a baby is much higher than they expected," says Shafeeka Anthony, marketing manager of JustMoney.co.za. As your baby grows, additional expenses are needed, such as child-proofing your home and selecting an appropriate car seat. • Maximise your medical aid: Medical treatment is expensive, so belonging to a medical scheme is an essential part of your financial planning. An advisor is uniquely qualified to help you manage your money and secure a future for both you and your baby," says Anthony.

Source: News 24 February 25, 2023 20:10 UTC