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Financial Milestones You Must Attain Before Being a Parent.
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[QUOTE="Etini, post: 341203, member: 90141"] Parenting is one beautiful thing. It is a thing of pride when you can have a child you can call your own. But it isn't only in the thrill. It comes with financial responsibilities. There are some financial milestones you should have achieved prior to becoming a parent. Some of them are: 1) 6 Months Emergency Fund: With the arrival of a child comes greater risk of an emergency situation happening, you should have 6 months emergency funds to cater for child care in times of emergency and if any financially negative situation happens. 2) Eliminate High Interest Debts: Taking care of a child saps you financially, and, there is a need to clear all high interest debts unless you might default in debts repayments or childcare. 3) You must have a stable income: With a child, your income monthly must be assured at a certain rate. You can't have an unstable income and be able cater for a child. [/QUOTE]
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