How can I start financial planning as a new parent?
An example of an AI chatbot conversation about financial planning for parents.
How can I start financial planning as a new parent?
Starting financial planning as a new parent involves budgeting for new expenses, saving for education, and considering insurance.
What specific expenses should I budget for?
You should consider expenses like diapers, baby food, healthcare, childcare, and future education costs.
Should I get life insurance?
Yes, life insurance can provide financial security for your family in case of unexpected events.
How much should I save for my child's education?
It's recommended to save at least 10-15% of your income for your child's education, but it can vary based on your goals.
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