Whether your budget is only for you or if it also includes your family, having a baby means budgeting for one more. It costs a lot to raise a baby (you'd be surprised what you can end up spending on formula and diapers in a week. You need to figure these new expenses into your budget.)

If you don't already have a budget that helps you plan how much money you have to spend, you should develop one.

Click here for budgeting basics.