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Finances
 
The latest addition to your family will undoubtedly impact your income, and financial planning will be essential, even with 2 parents working. As the cost of daycare and commuting expenses rises, a careful analysis should first be done to determine if it is financially worth having both parents work in the first place. Experts say that if you one of you make under $25-30,000 it is probably not necessary for both of you to work.

How much does it cost to raise a child? The average family spends about the $10,000 during just the first year of the baby's life, which includes hospital expenses, diapers, food and doctor bills. Another estimate states that a child will cost from $145,000 to $400,000 from the cradle through college. (USDA Stats provided by Babycenter.com)

Things to consider:
    Daycare costs
    Medical expenses
    Food, diapers, clothing and other baby supplies
    Baby is a tax deduction