Making plans for a new baby

MORE babies will be born in November - said a tag line to a perfume promoted for Valentine's Day a few years ago.

MORE babies will be born in November - said a tag line to a perfume promoted for Valentine's Day a few years ago.

While the responsibility for those who do not have children ends at buying gifts for the obligatory baby shower, parental duty begins months before the baby is born.

One of the first things to take into consideration is the mother's maternity leave. Though women are entitled to four months paid maternity leave, some companies only contribute a certain percentage.

Shop around for a medical aid that will cover the birth of a baby and the time the mother and child will spend in hospital.

Budget in advance for essentials such as nappies, medicines and baby food.

Consider the costs of a nanny or daycare centre for when you eventually return to work. It is also a good time to speak to a financial adviser about educational expenses, saving plans and unit trusts.

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