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Having Kids

Children reshape your budget, your insurance needs, and your savings priorities. Starting early — especially on college — is the biggest lever you have.

12 steps3 phases

Your checklist

Work through the steps in order. Progress saves in this browser, without an account.

Your progress

Pre-Baby

6–12 months before

  • Often $8k–$20k/year — frequently the largest line item after housing.

  • Map paid leave, FMLA, and any unpaid gap you'll self-fund.

  • A new dependent raises how much coverage you need.

  • Decide who raises your child if you can't.

  • Model the leave period before it arrives.

Birth & First Year

0–12 months

  • Usually a 30-day enrollment window after birth.

  • Needed for the tax credit and a 529 plan.

  • Even $100/month started now compounds powerfully.

  • A new child changes your credits and withholding.

Growing Up

School age and beyond

  • Steady monthly contributions beat lump-sum guesses.

  • Compare after-tax income against childcare costs as they change.

  • You can borrow for college; you can't borrow for retirement.

Did you knowAbout $100/month invested at a 7% return can grow to roughly $40k over 18 years.
Educational disclaimer. Everything on WealthSerene.com is educational and is not investment advice. Projections and calculations are illustrative; actual results depend on market conditions, your situation and factors outside this tool’s scope. For a decision specific to your situation, consult a qualified financial professional. View full disclosures