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A Baby Changes Everything

mother playing with her baby

There is no greater joy than finding out that either you or a loved one is expecting a new baby. It can bring a flood of emotions, from excitement to uncertainty, but being prepared is a great first step.

I created this checklist to help new parents prepare for important considerations beyond cribs, car seats, and other essentials. This is not an exhaustive list—every family’s situation is unique—but it provides a strong starting point. Feel free to tailor it to your needs. This checklist is also useful for families who are adopting, with a few minor adjustments.

While most of this post is for those already expecting, I’ll start with an important topic for those planning to become pregnant in the near future.

Pre-Pregnancy Planning

One key consideration before pregnancy is short-term disability insurance. If you don’t have it before becoming pregnant, you may still be able to purchase a policy, but any disability or unpaid time off related to the existing pregnancy would not be covered. However, future pregnancies would be covered after the required waiting period (usually 9 to 12 months).

Note: Not all short-term disability policies cover pregnancy/maternity leave. These policies apply only to mothers who give birth, not to parents who adopt.

Expecting a Baby? Start Planning Now

As a planner by profession, I highly encourage expectant parents to review the checklist below. The earlier you begin, the more prepared you’ll be when your baby arrives.

New Baby Checklist

CategoryChecklist Items
Health InsuranceSpeak with your provider about prenatal and labor/delivery coverage.

Confirm if your doctor and hospital/birth center are in-network.

Understand your deductible and out-of-pocket costs.
Emergency FundEnsure you have sufficient savings:

Two-income household: 3 months of expenses

One-income household: 6 months of expenses
Anticipated ExpensesCreate a list of expected cost increases (medical expenses, baby essentials, etc.).
Childcare PlanningResearch options at least 3-6 months before birth.

Check age requirements and waiting lists.

Visit facilities and review state licensing records.
Pediatrician SelectionConfirm if they are accepting new patients and take your insurance.

Check if they have residency rights at local hospitals.

Get recommendations from other parents.
Life InsurancePurchase or review your existing policies.
Legal DocumentsConsult with an attorney to update wills and guardianship designations.

Determine if trustees are needed for inherited assets.

Ensure medical directives and power of attorney documents are in place.
Work & BenefitsSpeak with HR about parental leave policies and health benefits.

Check with your insurer about adding your baby to your policy.
Other PreparationsWrite thank-you cards for baby gifts before birth.

Prepare a birth announcement address list.
College SavingsDiscuss 529 plans or other savings options with your advisor (accounts can only be opened after birth).

Financial Considerations

Your emergency fund and financial planning should take into account:

  • Whether your employer provides paid leave or short-term disability.
  • The elimination period before short-term disability benefits begin.
  • The duration and percentage of income replacement under your policy.
  • Whether you need to use PTO, vacation, or unpaid family leave.

Expected Monthly Expense Increases

  • Medical costs for prenatal care and delivery.
  • Diapers—start stockpiling early!
  • Formula and breastfeeding supplies.
  • Childcare expenses.

Childcare Options

Finding the right childcare provider takes time and research. Many facilities have long waiting lists, so start your search at least 4-6 months before your baby arrives. When evaluating providers:

  • Schedule both planned and surprise visits.
  • Review state licensing records for compliance issues.
  • Speak with staff about daily routines and emergency protocols.

After Your Baby Arrives

During the first 30 days after birth, several critical tasks need attention to ensure your child has proper identification, health insurance, and legal protections.

Post-Birth Checklist

CategoryChecklist Items
Car Seat SafetyPractice installing and using the car seat before hospital discharge.
Birth DocumentationObtain birth certificate and Social Security number.

Keep a copy of your baby’s shot records.
Hospital ResourcesReview all educational materials and contact lists provided.
Medical Follow-UpsSchedule postpartum check-up for the mother.

Schedule baby’s first pediatrician appointment.
Health InsuranceAdd your baby to your health insurance plan within 30 days.
Financial & Legal UpdatesUpdate life insurance coverage as needed.

Update wills and assign guardianship.

Review and update beneficiaries on insurance and retirement accounts.
College SavingsOpen a college savings plan once your baby has a Social Security number.
Enjoy Parenthood!Savor the special moments and the joy of your growing family.

Final Thoughts

From the moment your baby arrives, there are many details to manage. Take time to organize paperwork, ask for help when needed, and focus on enjoying this new chapter. If you have questions, don’t hesitate to reach out—I have children myself and am excited to welcome another one soon!

Parenthood is a special gift. Embrace the journey and cherish the moments along the way!

Looking to start planning a financial future for your growing family?

Connect with an advisor.

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