 TITLE: 6 Steps to Financially Prepare Before Having Kids CONTENT: 6\\. Utilize Workplace Benefits\n------------------------------\nIf you get benefits through your job, make sure to familiarize yourself with them and take advantage of whichever ones make sense since they can help your family financially. For example, consider setting aside money in a flexible spending account (FSA), if your employer offers one, which allows you to save pre-tax dollars for medical expenses. You can also put aside money in a dependent care FSA, which allows you to set aside tax-free money for childcare and preschool.\nIf your employer offers a 401(k) retirement account, contribute to it. It might be difficult to save for retirement in addition to all your other expenses, but setting aside even a little bit each month will help your nest egg grow over time. It will also take financial pressure off your kids so they won't have to worry about you in your older years. You should especially consider contributing if your employer offers a 401(k) match—it's free money!\nLastly, make sure you add your new baby to your health insurance soon after they're born so they can be covered for all of their health care needs. END