Tag Archives: summary
How to Budget for a Baby
The concept of opportunity cost alluded to above is extremely important in financial management; in fact, some commentators would contend that it is the single most important concept.
– Jim McMenamin
This post is not going to be a general guide to baby related expenses. Instead, this article will be just a simple warning to prospective parents not to miss what might be one of your biggest expenses, and yet ironically, the one you might totally overlook.
Assets & Liabilities
The problem with financial education is that it is not taught in schools. So usually parents teach. Unless your parents are in the top 1%, they usually teach how to be poor. Not because they do not love you – they just do not know what they are teaching. They do not read books like “Rich Dad, Poor Dad” by Robert T. Kiyosaki and learn how to work with money.
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