Today’s blog is brought to you by Ted James, professional financial counsellor and coach with an MBA in Finance, who writes a financial blog at tedknowsmoney.com/category/blog/. Read on!
Preparing for a new baby can feel overwhelming, but preparing for two new babies at once can be even more challenging for parents. You know that you need to take care of steps around your home and you need to take care of your health, but do you know the steps you need to take to make sure your finances are ready for your new additions? If not, don’t stress! The financial tasks you need to check off your list are less complicated than you think.
Yes, You Do Need to Sign Up for Life Insurance
As a parent to twins, you know that raising two children comes with higher costs. So, how can you ensure those expenses are covered even if you are no longer around to do so for your twins? You can start by signing up for life insurance. Note that some life insurance companies require a health exam in order to provide parents with coverage. The purpose of these exams is to evaluate the health of applicants to help determine your premiums. If, however, you’re not keen on a health exam, that doesn’t prevent you from being eligible for a policy. There are plenty of providers who don’t require an exam and instead turn to questionnaires and sophisticated algorithms to determine premiums. The only catch is that policy prices can be costlier without an exam.
No, You Don’t Need to Pay Off Every Single Debt
When people learn they are pregnant, especially with twins, they tend to immediately think about the steps they need to take to be financially prepared for any added costs. While you may think that paying off debts should be at the top of this list, you may be better off putting those funds to other uses. In fact, some debts can actually provide you with more financial cushion for the future. For instance, a mortgage allows you to keep building equity in your home, and many times mortgage payments are far less than rental rates. So, instead of focusing your efforts on paying off all debts, aim for the ones that carry the highest rates and save the rest.
Yes, You Do Still Need to Save for Retirement
Another financial mistake you should avoid is saving for college before you save for your own retirement. Too many parents choose college over retirement when it comes to saving for their family’s future, but that can be a serious mistake, especially for your children. The thing is, if you don’t save enough for your retirement, your loved ones will still need to find ways to pay for your care and your everyday expenses. Often, adult children end up footing the bill when their parents fail to prioritize retirement savings; plus, your children may not even want to attend college or they could end up with scholarships that will offset those tuition expenses. If you want to create the best future for your little ones, ensure that you’ll have enough for retirement.
No, You Don’t Have to Pay Full Price for Everything
If you’re having twins, you are going to need double the gear to keep your new family safe and cared for, but that doesn’t mean you need to pay double the price. For new parents, finding savings on baby essentials can be fairly easy and can help you avoid excess expenses when it comes to stocking up on items for your twins. Start by checking around your community to see if free resources can save you some costs. You can also check local second-hand stores for deals on baby gear; honestly, there’s little advantage to buying brand new. Now, there are certain baby supplies you will want to purchase new, so try looking for discount clubs, rewards programs, and online coupons to save on those essentials.
Being financially prepared to take on twins isn’t stress-free, but it doesn’t have to be completely complicated either. So long as you take care of some basic financial planning steps, like setting up essential savings and trimming your budget, you will be more than ready for your babies!
The Zika virus was first isolated from a Rhesus Macaque monkey in 1947 in the Zika Forest in Uganda (zika meaning “overgrown” in the Luganda language–gotta love useless trivia!); it was first isolated from a human in 1954 in Nigeria. It appeared sporadically along the equator in Africa and Asia for several decades until it spread to French Polynesia in 2013 and then to Latin America, Mexico, the Caribbean, and now the US.

Safety is not simple. There is no clear division between “this activity will be safe,” and “this activity will injure my child.” We could wrap our children up, keep them indoors, and not allow them to play with anything remotely dangerous—but then we would have a child who is lonely, overweight and really bored…who would get into trouble and injure themselves… Or not get in trouble and develop diabetes, heart disease and knee problems from obesity.
In about 400 BC, Hippocrates said “Give me the power to create a fever, and I shall cure any disease.” Hippocrates knew that fever was a symptom of disease, not the disease itself. It is the body’s response to illness-its defense against infection.
In April of 2014 politicians in Flint, Michigan changed the city’s water supply from Lake Huron and the Detroit River to the Flint River, in order to save money. The water from the Flint River was more acidic and had more salt and chlorine in it, and it corroded the aging lead pipes through which it flowed, allowing lead into the water and poisoning the inhabitants of Flint.
Two year old’s are different. They are too big to carry around and talk at, but too little to hit a ball with a stick. Games don’t work because they can’t understand the rules: they have more fun throwing game pieces in the air or sorting them into like colors or shapes, than they would moving them around a board.



