With a baby on the way, there’s a lot to think about. Huntington’s Savings Crib is a great resource for expecting parents who are wondering what to expect. Below you will see Huntington Bank Tips, Guidance, and Advice for Expecting Parents.

Huntington Bank is currently available in the following states: IN, KY, MI, OH, PA, WV, IL, WI. Huntington Bank Tips.

Huntington Bank Tips: 11 Ways to Financially Prepare for a New Baby

Yay, you’re preggo! Even though you’re clear on the basics of what happens next (ultrasound pics, adorable onesies, nursery prep), you’re feeling a little fuzzy when it comes to the financial to-do’s before and after baby arrives. Here, in our compiled list of Huntington Bank Tips, are 11 things you need to take care of. Don’t worry, you got this.

• Draft A Pre-Baby Budget – Huntington Bank Tips
  • It’s tough not to go gaga on all the cute stuff, but you need to map out a budget for the practical things–out-of-pocket medical costs, maternity clothes, a stroller–that are going to come up over the course of the next nine months. Sure, you can throw wish-list items on your registry, but getting a grip on the big (and little) costs early on gives you and your baby daddy a chance to get on the same page about what you want versus what you can afford–and adjust your spending accordingly.
• And A Post-Delivery Budget, Too
  • Whoa, disposable diapers can set you back close to $1,000 in the first year. And let’s not forget about food, clothing and child care. Good thing there are tons of online calculators to help you anticipate the first 12 months of baby costs.
• Contact Your Health Insurance – Huntington Bank Tips
  • Your gyno just confirmed what you already knew: It’s real. Get on the phone ASAP with your health-care provider and have them walk you through the total costs (prenatal care, labor and delivery, pediatrician copays) of having a baby under your current plan. You can then use that info to make informed decisions–like switching to an in-network sonogram facility or starting those prenatal Pilates classes you totally didn’t know you could be reimbursed for.

• And The Hospital
  • You’d be surprised at the range of out-of-pocket expenses that insurance won’t touch. Everything from fees for a private room to the cost of circumcision. It’s always better to know up front. (And, if possible, to set aside money in a flex account to pay for these expenditures.)

• Eventually, You Should Alert Your Employer – Huntington Bank Tips
  • Ideally, you and your husband looked into your company’s family-leave policies and benefits (and even racked up extra vacation days) before you got pregnant. If so, when you’re ready to approach your boss or HR rep, you have a general idea of how the conversation will go. If you don’t love the policy, come to the table with a concrete plan of how to make it work better for you. Maybe it’s a work-from-home arrangement after maternity leave ends, maybe it’s an advance on your year-end bonus to help with unpaid time. Negotiate: You’d be surprised what you can get.

• Do A Status Check On Your Emergency Fund
  • Your goal: Have at least three to six months’ worth of living expenses saved before the baby arrives (and more if only one of you plans to work).

• And Evaluate Your Plans For Child Care – Huntington Bank Tips
  • It’s tempting to leave this process for maternity leave, but if you know you’ll be heading back to the office, start researching child-care options now. Some day cares require you to get on a waiting list months in advance, and some nannies can take aeons to vet. Plus, it’s worth bringing your plans up with your employer. Many workplaces actually allow you to put as much as $5,000 into a flexible spending account for child care, a tax-free benefit that can seriously offset the cost.

• Establish (Or Update) Your Will – Huntington Bank Tips – Huntington Bank Tips
  • Ugh, these conversations can feel stressful, but…you know…they are good in the long run. Services like Quicken WillMaker are inexpensive and make it easy to set everything up and make updates, like who will look after your kids and at what point your children will have access to their inheritance.

• And Change The Beneficiaries On Your 401K
  • Adding your baby’s name to your 401(k) and IRAs is a minor change, but an important one. You should also get clarity on how the funds will be doled out (for example, a trust versus an immediate check) and any penalties that’ll come into play should your kids dip in early.

• Don’t Forget About The New Mom Tax Breaks – Huntington Bank Tips
  • Yep, you get a tax break for having a kid. Typically, this nets out to about $4,000 a year (depending on your income level), not to mention bonus savings if you’re paying for (over the table) child care. Your HR rep can help you update your exemptions.

• Or College
  • Higher ed doesn’t come cheap, which means it’s never too early to start socking away cash. Your best bet is to set up a 529 plan, which offers tax-free growth and withdrawals, as long as the funds are eventually used for education.

Huntington Bank Mobile App – Download

You can download the Huntington Bank Mobile App via iOS or Android!

• iPhones
  • Huntington Bank Mobile App take the great features from Online Banking and build them into an easy-to-use tool. And since they’re designed especially for your phone or iPad®, they’re easy to read and navigate, too. You can download the app via iOS here.
• Androids
  • Whether you want to check your balance while shopping, pay a bill while waiting in line at the movie theatre, make a check deposit or just want to locate an ATM in a new town, now staying in control of your finances is just a few simple taps away. You can download the app via Android here.

• Open a Huntington Unlimited Business Checking Account • Earn $400 bonus when you open a Huntington Unlimited Business Checking account and make cumulative new money deposits of at least $5,000 within 60 days of account opening. • The $400 bonus will be deposited into your account within 14 days of meeting requirements. • Get Overdraft Protection Account with no annual fee, or Deposit-to-Deposit Overdraft Protection with no transfer fee. • Enjoy unlimited transactions. And up to $10,000 in cash or currency deposits monthly in-branch or at an ATM at no charge. • Designed for businesses with higher checking activity and greater cash flow needs. • Bonus service. Choose one bonus service such as fraud tools, discounts on payroll services, or Huntington Deposit Scan®. Apply Now at Huntington

Still Have Questions?

If you can’t find what you’re looking for, let Huntington Bank know. They’re ready to help in person, online or on the phone. You can contact them 24 hours a day, 7 days a week. 1-800-480-BANK (2265).

Author’s Verdict

Expecting a child can get pretty expensive, but it’s a smart idea to get started financially! Hopefully this guide helped you quite a bit! Let us know if it did! Be sure to check back for more Huntington Bank Tips, Bonuses, Offers, Promotions, Guides, and more! Let us know what type of posts you’d like to see whether it be more bank guides, deals, offers, etc! Refer BankDealGuy to your friends and family so they can benefit and learn financially! Your feedback is very important to us! If you’re interested in more info regarding Huntington Bank offers, check out our full listing of Huntington Bank Deals, Offers, Bonuses, and Promotions. Be sure to check back on BankDealGuy for more bank deals!