Sandeep Behl
Development Officer, LIC


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Since you will not go for work for quite some time, avoid buying expensive clothes and if you have to, buy from outlet stores. This is not the time to move with fashion. During this time, avoid going out for dinner and instead try to prepare delicious balanced diet for your family.

Use the remaining money to rent a smaller house which will be comfortable for your family. If you own a good valuable home and have many bills, sell it at a better price and use the money to pay off the bills. However, with good understanding and better management of your finances, you can enjoy and welcome your new child and save good money. Take full responsibility of your child to avoid wasting money on a baby sitter. Sometimes, life becomes hard especially to new parents who are expecting their first child. Managing debts and adapting the new lifestyle could be stressful and challenging too.

Selling your precious house to become stress free is very important since. Breast feeding your child is very important not only for good nutrition but also, you could save many dollars you could have used on milk.

Being a housewife is very important since you will have whole responsibility of your home and the children too.