Life Lounge™
Having a Baby
Having children brings about a lifetime of financial responsibilities. There are immediate financial needs, as well as future expenses such as college, a new home and possibly even wedding expenses.
It’s estimated that the cost of raising a child to age 18 costs between $125,000-$250,000, not including college tuition. In your baby’s first year alone, you can easily spend between $9,000-$11,000 (for diapers, formula, baby furniture, clothing, baby gear, etc.).
Burbank Community Federal Credit Union provides the accounts and resources needed to make raising a family more affordable.
Check out these flexible Credit Union savings vehicles:
Savings Accounts
Money Market Accounts
Special Purpose Savings Accounts
Certificates
A Certified Financial Planner (CFP), available to Burbank Community FCU members, can help you achieve a variety of long-term financial planning goals – goals through stocks, bonds, annuities, life insurance and mutual funds. A Financial Planner also can guide your education and retirement planning. Click here for a list of Financial Planning and Investment Services available to you.
Other Resources
Family Medical Leave Act
http://www.dol.gov/esa/whd/fmla/
Medicare
http://www.medicare.gov/
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