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Not too many people know that family planning is very essential. Some make the mistake of going through the wedding ceremony without really thinking about how many children they want while others just keep on having a baby without really thinking about the disastrous results - until it becomes too late already. And when this happens, you’d look back all the years and try to see what went wrong. You can only sigh.

This is because a marriage without the proper family plans can bring you all to ruins - financial and otherwise, especially if both of you have those top-notch careers. So what to do to avoid such a predicament?

Here are some family planning tips that you and your future wife should really take into consideration.

1. Consider the baby expenses- Prices of commodities are going up. The milk, the dresses, the baby carriage and every other kind of good for your baby have costs that don’t seem to be slowing down. You’ll need at least $2k a month for all these expenditures plus a whole lot more. When you need a baby sitter, for instance, your monthly expenses will go on a lot higher than you can imagine. However, if your family members or friends throw your wife a baby shower, that would be great. Just request them to bag the necessary child stuff.

2. Talk about life and health insurance- What about protection for you and your family? Consider talking with experts and professional about getting a life and health insurance for your baby. Since babies do get sick a lot with different virus and bacteria, this can come as a great help. Change your health insurance to an expanded family one which includes your baby.

3. Draft a will- You’ll probably think this is very early in the game but once you have drafted your will already, it ensures that your child is well taken cared for and well-protected even if both of you are gone. Just discuss among yourselves who the right and proper fit for your child as a guardian - someone close to you and with a relatively unstained reputation.

4. Save for college- One of the greatest family planning tips that you can include is to take into consideration the college expenses that your child can incur when he reaches those years. You can save up on college by saving now, getting insurance and making sure to talk with an expert or a professional regarding this future plans.

5. Talk about taxes- When your new child is born, you’d need to have a change in tax status. You need to know what the deductions are when it comes to children so you’d also know the option when you change your paycheck with holdings.

Remember that getting into marriage is just half of it. The other half involves talking about and discussing the right and proper family planning tips for you and your hubby - so you won’t get surprised when the bills come tagging along. This is also crucial to prepare your child for the future.

Joy is an active blogger who is fond of sharing interesting finance management tips to encourage people to manage their personal finances. More specifically, she advocates that people should check credit score regularly.