Money

Babies are expensive, so manage your money well. Write a will, buy insurance, and meet with a financial advisor. (Gulp.) Both the will and insurance underscore the fact that you will one day die -- a topic you'd rather avoid, especially since you want to live to see your baby's babies (admit it, you're already thinking this way). But the will is a necessity, so don't stall. And when you select guardians for your child, think family, not friends.

A financial advisor can help you plan for baby's school fees, which is already breathing down your neck. (By the time your little Einstein is old enough for school, the estimated cost of a private education will be more than $150,000.)

Look at scholarship schemes or a stock portfolio or a simple saving account -  one with no fees if opened in a childs name (check your bank).

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