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1. Shard Calculation

Query:

Response:

Calculated Shard: 96 (from laksa124)

2. Crawled Status Check

Query:

curl -X POST \
  'http://laksa096.int.ahrefs:8124/' \
  -H 'Content-Type: text/plain' \
  -H 'X-ClickHouse-Database: crawler3' \
  -H 'Authorization: Basic YXBpOg==' \
  -d 'SELECT getAhrefsURLFromUnparsed(src_unparsed) AS found_url, ifNull(toUnixTimestamp(download_stamp), 0) AS crawl_time, ifNull(toUnixTimestamp(props_url_first_seen), 0) AS first_indexed_time, download_http_code AS http_code, src_unparsed AS src_unparsed, src_root_hash AS src_root_hash, history_drop_reason AS history_drop_reason, meta_title AS meta_title, meta_descriptions AS meta_descriptions, attrs_boilerpipe_text AS attrs_boilerpipe_text, attrs_markdown AS attrs_markdown, attrs_readable_markdown AS attrs_readable_markdown, meta_canonical AS meta_canonical FROM crawler3.page_info_local FINAL PREWHERE (src_root_hash, src_unparsed) IN ((getAhrefsRootHashFromUnparsed(getAhrefsUnparsedNoserviceFromURL(\'https://www.citizensbank.com/learning/four-financial-tips-when-growing-your-family.aspx\')), getAhrefsUnparsedNoserviceFromURL(\'https://www.citizensbank.com/learning/four-financial-tips-when-growing-your-family.aspx\'))) FORMAT JSONEachRow'

Response:

{"found_url":"https:\/\/www.citizensbank.com\/learning\/four-financial-tips-when-growing-your-family.aspx","crawl_time":1775464844,"first_indexed_time":1645287964,"http_code":200,"src_unparsed":"com,citizensbank!www,\/learning\/four-financial-tips-when-growing-your-family.aspx s443","src_root_hash":"448972343396181896","history_drop_reason":null,"meta_title":"4 Financial tips for your expanding family | Citizens","meta_descriptions":["Learn how you can secure your retirement and expand your family. Money should not get in the way of starting or expanding your family. Check out these 4 tips."],"attrs_boilerpipe_text":"Key takeaways\nThe financial decisions you make today could directly impact your family’s future.\nConsider all new costs when budgeting: diapers, child care, doctor’s visits, and college savings are only a few.\nDon’t neglect your own retirement savings when planning for a new addition.\nMoney should not get in the way of starting or expanding your family. This is a joyful time meant to be celebrated, so congratulations on thinking about or adding a new family member!\nYes, money matters, but taking a strategic approach to the way you save and invest could help alleviate some of the financial stress associated with this momentous phase of your life. These five tips can help prepare your budget and maximize savings goals.\n1. Communicate, and then communicate more\nThe first and perhaps best thing you can do when it comes to finances and expanding your family is talk it out. Clearly communicate with your partner and anyone else who is directly involved with financing your newest addition. Be mindful that the road to financial success will be paved with pre-determined goals, budgets, and back-up plans. Honest conversations about concerns, aspirations, and what matters most is crucial.\n2. Consider all costs — your budget is about to change\nExamine your current personal or household\nbudget\n. New family members are expensive, so find places where you can cut back to start saving more. Consider these monthly necessities that will directly impact your budget:\nDiapers:\nBabies may require 10 or more a day!\nClothing:\nBabies and children outgrow clothing fast; so many shoes and coats!\nDoctor’s visits:\nMom and baby may need a series of checkups before and after birth. Even a healthy child needs to see the doctor regularly.\nChild care:\nWith child care rates steadily climbing, the decision to go back to full- or part-time work and use child care — or stay home and sacrifice income — takes a toll on many families and their budgets.\nCollege savings plan:\nIt’s never too soon to start saving for your child’s education. Consider adding college savings to your monthly budget because even small contributions now could pay off when your child turns 18.\nInsurance:\nYou’re adding another dependent to your healthcare plan and that may mean an increased monthly health insurance premium. And if you don’t have life insurance, now may be the perfect time to look into that option.\nThis is hardly a comprehensive list of family expansion expenses, but its aim is to get you thinking about all your baby-budget needs.\nWrite them down, add them to your current budget, and take action. Work with your partner and family to see where you can\nrealistically cut back\nand set up a game plan for baby-budgeting success.\n3. Lower your interest rates — decrease or eliminate any current debt\nAs you work through your budget, you may notice areas where you’re overspending (dinners out, fancy lattes) or interest rates that are super high. Make sure you have a thorough understanding of your debt. Include interest rates and term lengths so you can calculate your compounded debt over time. Knowledge is power, so take the time now to know exactly where your money is going, especially when it comes to some of these most common debts:\nCredit cards\n: Do your best not to carry any debt month to month to avoid paying interest. If you’re unable to pay off your credit card balance in full each month, call your credit lender and simply ask if there may be a way to lower your interest rate. Either way, you want to be sure to pay off your credit card debt, ideally before your new addition arrives.\nStudent loans\n: The amount of debt associated with student loans may be especially daunting when aiming to build a family.\nRefinancing your student loans\ncould be an important step to reduce that debt by combining multiple loan payments into one monthly payment while reducing your overall rate, payment, or both. If you’ve already refinanced, check in with your partner or spouse on their loans. Many people are not aware of refinancing benefits, so get the word out!\n4. Save and consider investing\nThere are so many wonderful things to look forward to! You and your growing family have a world of promise ahead, so don’t forget about the important long-term financial goals you have, such as:\nYour own retirement\n: It may be easy to forget about your own future with a growing family in the here and now, but retirement savings are essential. Be mindful of the compound interest that grows over time — the earlier you start, the better, so don’t stop. Remember that a sound financial plan does not include children supporting their parents through retirement.\nIf your company offers a 401(k) or equivalent\nretirement solution\n, start or continue contributing to it so you have something set aside for yourself later in life. Some companies offer matching percentages. For example, if your company matches 4% of your 401(k), it’s in your best interest to aim to contribute at least 4% so you gain the full matching benefit. If you are already maxing out your 401(k) and want to continue to contribute more to your retirement, there are additional options like\nIndividual Retirement Accounts (IRAs).\nSave for your child’s education with a 529 Plan\n: College and graduate school is expensive, so think about saving for your child’s education right away. Encourage loved ones to help by making early donations in a state-sponsored\n529 College Savings Plan\nthat may be used for qualified educational programs.\nConcerned about making consistent payments? Consider setting and forgetting an automated monthly payment while your contributions grow, tax deferred.\nThe bottom line\nThere are all kinds of families and all kinds of ways to financially support them. Communicate with your loved ones. Be open and honest about your present financial situation and where you realistically aspire to be. Keep in mind that the decisions you make today could directly impact your family’s future. Be thoughtful in your approach to your finances so you can focus on cherishing this exciting time in your life.\nMore information\nStarting or growing your family is an exciting time in your life. A home equity line of credit can provide the access to cash you need to be best prepared for your newest addition. To learn more, please call 1-888-333-1206, visit us\nonline\n, or Ask a Citizen at your nearest\nCitizens branch\n.","attrs_markdown":"[![citizens](https:\/\/www.citizensbank.com\/assets\/CB_resources\/images\/cbds-logos\/logo-citizens__horz-green.svg)](https:\/\/www.citizensbank.com\/homepage.aspx)\n\n- [Español](https:\/\/www.citizensbank.com\/es\/homepage.aspx)\n- [Find a Branch\/ATM](https:\/\/www.citizensbank.com\/customer-service\/branch-locator.aspx)\n- [Customer Service](https:\/\/www.citizensbank.com\/customer-service\/contact-us.aspx)\n\nLog in\n\n- [Personal](https:\/\/www.citizensbank.com\/homepage.aspx \"Personal Navigation\")\n- [Student](https:\/\/www.citizensbank.com\/student\/overview.aspx \"Student Navigation\")\n- [Business](https:\/\/www.citizensbank.com\/small-business\/overview.aspx \"Business Navigation\")\n- [Corporate](https:\/\/www.citizensbank.com\/corporate-finance\/overview.aspx \"Corporate Navigation\")\n- [Private 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in?](https:\/\/www.citizensbankonline.com\/olb-root\/trouble)\n\nNew to Online Banking?  [Enroll Now](https:\/\/www.citizensbankonline.com\/olb-root\/enrollment)\n\n# 4 Financial tips for your growing family\n![man holding a baby](https:\/\/p1.aprimocdn.net\/citizensbank\/88a0ef1d-de50-4c82-a945-aec2005b39b6\/GettyImages-83480790_H1Hero.jpg)\n\n## Key takeaways\n- The financial decisions you make today could directly impact your family’s future.\n- Consider all new costs when budgeting: diapers, child care, doctor’s visits, and college savings are only a few.\n- Don’t neglect your own retirement savings when planning for a new addition.\n\nMoney should not get in the way of starting or expanding your family. This is a joyful time meant to be celebrated, so congratulations on thinking about or adding a new family member\\!\n\nYes, money matters, but taking a strategic approach to the way you save and invest could help alleviate some of the financial stress associated with this momentous phase of your life. These five tips can help prepare your budget and maximize savings goals.\n## 1\\. Communicate, and then communicate more\nThe first and perhaps best thing you can do when it comes to finances and expanding your family is talk it out. Clearly communicate with your partner and anyone else who is directly involved with financing your newest addition. Be mindful that the road to financial success will be paved with pre-determined goals, budgets, and back-up plans. Honest conversations about concerns, aspirations, and what matters most is crucial.\n\n## 2\\. Consider all costs — your budget is about to change\nExamine your current personal or household [budget](https:\/\/www.citizensbank.com\/learning\/how-to-create-a-budget.aspx). New family members are expensive, so find places where you can cut back to start saving more. Consider these monthly necessities that will directly impact your budget:\n\n- **Diapers:** Babies may require 10 or more a day\\!\n- **Clothing:** Babies and children outgrow clothing fast; so many shoes and coats\\!\n- **Doctor’s visits:** Mom and baby may need a series of checkups before and after birth. Even a healthy child needs to see the doctor regularly.\n- **Child care:** With child care rates steadily climbing, the decision to go back to full- or part-time work and use child care — or stay home and sacrifice income — takes a toll on many families and their budgets.\n- **College savings plan:** It’s never too soon to start saving for your child’s education. Consider adding college savings to your monthly budget because even small contributions now could pay off when your child turns 18.\n- **Insurance:** You’re adding another dependent to your healthcare plan and that may mean an increased monthly health insurance premium. And if you don’t have life insurance, now may be the perfect time to look into that option.\n\nThis is hardly a comprehensive list of family expansion expenses, but its aim is to get you thinking about all your baby-budget needs.\n\nWrite them down, add them to your current budget, and take action. Work with your partner and family to see where you can [realistically cut back](https:\/\/www.citizensbank.com\/learning\/saving-and-budgeting\/overview.aspx) and set up a game plan for baby-budgeting success.\n## 3\\. Lower your interest rates — decrease or eliminate any current debt\nAs you work through your budget, you may notice areas where you’re overspending (dinners out, fancy lattes) or interest rates that are super high. Make sure you have a thorough understanding of your debt. Include interest rates and term lengths so you can calculate your compounded debt over time. Knowledge is power, so take the time now to know exactly where your money is going, especially when it comes to some of these most common debts:\n\n- **Credit cards**: Do your best not to carry any debt month to month to avoid paying interest. If you’re unable to pay off your credit card balance in full each month, call your credit lender and simply ask if there may be a way to lower your interest rate. Either way, you want to be sure to pay off your credit card debt, ideally before your new addition arrives.\n- **Student loans**: The amount of debt associated with student loans may be especially daunting when aiming to build a family. [Refinancing your student loans](https:\/\/www.citizensbank.com\/student-lending\/education-refinance-loan.aspx) could be an important step to reduce that debt by combining multiple loan payments into one monthly payment while reducing your overall rate, payment, or both. If you’ve already refinanced, check in with your partner or spouse on their loans. Many people are not aware of refinancing benefits, so get the word out\\!\n## 4\\. Save and consider investing\nThere are so many wonderful things to look forward to! You and your growing family have a world of promise ahead, so don’t forget about the important long-term financial goals you have, such as:\n\n- **Your own retirement**: It may be easy to forget about your own future with a growing family in the here and now, but retirement savings are essential. Be mindful of the compound interest that grows over time — the earlier you start, the better, so don’t stop. Remember that a sound financial plan does not include children supporting their parents through retirement.  \n    \n  If your company offers a 401(k) or equivalent [retirement solution](https:\/\/www.citizensbank.com\/retirement-planning\/overview.aspx), start or continue contributing to it so you have something set aside for yourself later in life. Some companies offer matching percentages. For example, if your company matches 4% of your 401(k), it’s in your best interest to aim to contribute at least 4% so you gain the full matching benefit. If you are already maxing out your 401(k) and want to continue to contribute more to your retirement, there are additional options like [Individual Retirement Accounts (IRAs).](https:\/\/www.citizensbank.com\/retirement-planning\/overview.aspx)\n- **Save for your child’s education with a 529 Plan**: College and graduate school is expensive, so think about saving for your child’s education right away. Encourage loved ones to help by making early donations in a state-sponsored [529 College Savings Plan](https:\/\/www.citizensbank.com\/education-savings-plans\/529-plans.aspx) that may be used for qualified educational programs.  \n    \n  Concerned about making consistent payments? Consider setting and forgetting an automated monthly payment while your contributions grow, tax deferred.\n## The bottom line\nThere are all kinds of families and all kinds of ways to financially support them. Communicate with your loved ones. Be open and honest about your present financial situation and where you realistically aspire to be. Keep in mind that the decisions you make today could directly impact your family’s future. Be thoughtful in your approach to your finances so you can focus on cherishing this exciting time in your life.\n\n## More information\nStarting or growing your family is an exciting time in your life. A home equity line of credit can provide the access to cash you need to be best prepared for your newest addition. To learn more, please call 1-888-333-1206, visit us [online](https:\/\/www.citizensbank.com\/home-equity-loans\/rates-and-products.aspx), or Ask a Citizen at your nearest [Citizens branch](https:\/\/www.citizensbank.com\/customer-service\/branch-locator.aspx).\n\n![citizens](https:\/\/www.citizensbank.com\/assets\/CB_resources\/images\/cbds-logos\/logo-citizens__horz-green.svg)\n\n##### Company\n- [About Us](https:\/\/www.citizensbank.com\/about-us\/overview.aspx)\n- [Career](https:\/\/jobs.citizensbank.com\/?utm_source=citizensbank.com&utm_medium=referral&utm_campaign=careersite)\n- [Community](https:\/\/www.citizensbank.com\/about-us\/community.aspx)\n\n##### Help\n- [Contact Us](https:\/\/www.citizensbank.com\/customer-service\/contact-us.aspx)\n- [Resource en español](https:\/\/www.citizensbank.com\/es\/homepage.aspx)\n\n##### Resources\n- [Branch Locator](https:\/\/www.citizensbank.com\/customer-service\/branch-locator.aspx)\n- [Financial Education](https:\/\/www.citizensbank.com\/learning\/overview.aspx)\n- [Share Feedback](https:\/\/www.citizensbank.com\/learning\/four-financial-tips-when-growing-your-family.aspx#0)\n\n- [About Our Ads](https:\/\/www.citizensbank.com\/about-our-ads\/overview.aspx)\n- [Site Requirements](https:\/\/www.citizensbank.com\/site-requirements\/overview.aspx)\n- [Security & Legal](https:\/\/www.citizensbank.com\/account-safeguards\/overview.aspx)\n- [Privacy Rights](https:\/\/www.citizensbank.com\/account-safeguards\/privacy.aspx)\n- [Accessibility](https:\/\/www.citizensbank.com\/ada-compliance\/overview.aspx)\n- [Do Not Sell or Share My Personal Information](https:\/\/www.citizensbank.com\/learning\/four-financial-tips-when-growing-your-family.aspx)\n\n©  Citizens Financial Group, Inc. All rights reserved. Citizens Bank, N.A. Member FDIC\n\n**Disclaimer:** The information contained herein is for informational purposes only as a service to the public, and is not legal advice or a substitute for legal counsel, nor does it constitute advertising or a solicitation. You should do your own research and\/or contact your own legal or tax advisor for assistance with questions you may have on the information contained herein.\n\n1 Contact your tax advisor regarding the deductibility of interest.\n\n- ![Equal Housing Lender Logo](https:\/\/www.citizensbank.com\/assets\/CB_resources\/images\/cbds-icons\/disclosureIcons\/housing.svg)","attrs_readable_markdown":"![man holding a baby](https:\/\/p1.aprimocdn.net\/citizensbank\/88a0ef1d-de50-4c82-a945-aec2005b39b6\/GettyImages-83480790_H1Hero.jpg)\n\n## Key takeaways\n- The financial decisions you make today could directly impact your family’s future.\n- Consider all new costs when budgeting: diapers, child care, doctor’s visits, and college savings are only a few.\n- Don’t neglect your own retirement savings when planning for a new addition.\n\nMoney should not get in the way of starting or expanding your family. This is a joyful time meant to be celebrated, so congratulations on thinking about or adding a new family member\\!\n\nYes, money matters, but taking a strategic approach to the way you save and invest could help alleviate some of the financial stress associated with this momentous phase of your life. These five tips can help prepare your budget and maximize savings goals.\n\n1\\. Communicate, and then communicate more\n\nThe first and perhaps best thing you can do when it comes to finances and expanding your family is talk it out. Clearly communicate with your partner and anyone else who is directly involved with financing your newest addition. Be mindful that the road to financial success will be paved with pre-determined goals, budgets, and back-up plans. Honest conversations about concerns, aspirations, and what matters most is crucial.\n\n2\\. Consider all costs — your budget is about to change\n\nExamine your current personal or household [budget](https:\/\/www.citizensbank.com\/learning\/how-to-create-a-budget.aspx). New family members are expensive, so find places where you can cut back to start saving more. Consider these monthly necessities that will directly impact your budget:\n\n- **Diapers:** Babies may require 10 or more a day\\!\n- **Clothing:** Babies and children outgrow clothing fast; so many shoes and coats\\!\n- **Doctor’s visits:** Mom and baby may need a series of checkups before and after birth. Even a healthy child needs to see the doctor regularly.\n- **Child care:** With child care rates steadily climbing, the decision to go back to full- or part-time work and use child care — or stay home and sacrifice income — takes a toll on many families and their budgets.\n- **College savings plan:** It’s never too soon to start saving for your child’s education. Consider adding college savings to your monthly budget because even small contributions now could pay off when your child turns 18.\n- **Insurance:** You’re adding another dependent to your healthcare plan and that may mean an increased monthly health insurance premium. And if you don’t have life insurance, now may be the perfect time to look into that option.\n\nThis is hardly a comprehensive list of family expansion expenses, but its aim is to get you thinking about all your baby-budget needs.\n\nWrite them down, add them to your current budget, and take action. Work with your partner and family to see where you can [realistically cut back](https:\/\/www.citizensbank.com\/learning\/saving-and-budgeting\/overview.aspx) and set up a game plan for baby-budgeting success.\n\n3\\. Lower your interest rates — decrease or eliminate any current debt\n\nAs you work through your budget, you may notice areas where you’re overspending (dinners out, fancy lattes) or interest rates that are super high. Make sure you have a thorough understanding of your debt. Include interest rates and term lengths so you can calculate your compounded debt over time. Knowledge is power, so take the time now to know exactly where your money is going, especially when it comes to some of these most common debts:\n\n- **Credit cards**: Do your best not to carry any debt month to month to avoid paying interest. If you’re unable to pay off your credit card balance in full each month, call your credit lender and simply ask if there may be a way to lower your interest rate. Either way, you want to be sure to pay off your credit card debt, ideally before your new addition arrives.\n- **Student loans**: The amount of debt associated with student loans may be especially daunting when aiming to build a family. [Refinancing your student loans](https:\/\/www.citizensbank.com\/student-lending\/education-refinance-loan.aspx) could be an important step to reduce that debt by combining multiple loan payments into one monthly payment while reducing your overall rate, payment, or both. If you’ve already refinanced, check in with your partner or spouse on their loans. Many people are not aware of refinancing benefits, so get the word out\\!\n\n4\\. Save and consider investing\n\nThere are so many wonderful things to look forward to! You and your growing family have a world of promise ahead, so don’t forget about the important long-term financial goals you have, such as:\n\n- **Your own retirement**: It may be easy to forget about your own future with a growing family in the here and now, but retirement savings are essential. Be mindful of the compound interest that grows over time — the earlier you start, the better, so don’t stop. Remember that a sound financial plan does not include children supporting their parents through retirement.\n  If your company offers a 401(k) or equivalent [retirement solution](https:\/\/www.citizensbank.com\/retirement-planning\/overview.aspx), start or continue contributing to it so you have something set aside for yourself later in life. Some companies offer matching percentages. For example, if your company matches 4% of your 401(k), it’s in your best interest to aim to contribute at least 4% so you gain the full matching benefit. If you are already maxing out your 401(k) and want to continue to contribute more to your retirement, there are additional options like [Individual Retirement Accounts (IRAs).](https:\/\/www.citizensbank.com\/retirement-planning\/overview.aspx)\n- **Save for your child’s education with a 529 Plan**: College and graduate school is expensive, so think about saving for your child’s education right away. Encourage loved ones to help by making early donations in a state-sponsored [529 College Savings Plan](https:\/\/www.citizensbank.com\/education-savings-plans\/529-plans.aspx) that may be used for qualified educational programs.\n  Concerned about making consistent payments? Consider setting and forgetting an automated monthly payment while your contributions grow, tax deferred.\n\nThe bottom line\n\nThere are all kinds of families and all kinds of ways to financially support them. Communicate with your loved ones. Be open and honest about your present financial situation and where you realistically aspire to be. Keep in mind that the decisions you make today could directly impact your family’s future. Be thoughtful in your approach to your finances so you can focus on cherishing this exciting time in your life.\n\nMore information\n\nStarting or growing your family is an exciting time in your life. A home equity line of credit can provide the access to cash you need to be best prepared for your newest addition. To learn more, please call 1-888-333-1206, visit us [online](https:\/\/www.citizensbank.com\/home-equity-loans\/rates-and-products.aspx), or Ask a Citizen at your nearest [Citizens branch](https:\/\/www.citizensbank.com\/customer-service\/branch-locator.aspx).","meta_canonical":null}

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Boilerpipe Text	Key takeaways The financial decisions you make today could directly impact your family’s future. Consider all new costs when budgeting: diapers, child care, doctor’s visits, and college savings are only a few. Don’t neglect your own retirement savings when planning for a new addition. Money should not get in the way of starting or expanding your family. This is a joyful time meant to be celebrated, so congratulations on thinking about or adding a new family member! Yes, money matters, but taking a strategic approach to the way you save and invest could help alleviate some of the financial stress associated with this momentous phase of your life. These five tips can help prepare your budget and maximize savings goals. 1. Communicate, and then communicate more The first and perhaps best thing you can do when it comes to finances and expanding your family is talk it out. Clearly communicate with your partner and anyone else who is directly involved with financing your newest addition. Be mindful that the road to financial success will be paved with pre-determined goals, budgets, and back-up plans. Honest conversations about concerns, aspirations, and what matters most is crucial. 2. Consider all costs — your budget is about to change Examine your current personal or household budget . New family members are expensive, so find places where you can cut back to start saving more. Consider these monthly necessities that will directly impact your budget: Diapers: Babies may require 10 or more a day! Clothing: Babies and children outgrow clothing fast; so many shoes and coats! Doctor’s visits: Mom and baby may need a series of checkups before and after birth. Even a healthy child needs to see the doctor regularly. Child care: With child care rates steadily climbing, the decision to go back to full- or part-time work and use child care — or stay home and sacrifice income — takes a toll on many families and their budgets. College savings plan: It’s never too soon to start saving for your child’s education. Consider adding college savings to your monthly budget because even small contributions now could pay off when your child turns 18. Insurance: You’re adding another dependent to your healthcare plan and that may mean an increased monthly health insurance premium. And if you don’t have life insurance, now may be the perfect time to look into that option. This is hardly a comprehensive list of family expansion expenses, but its aim is to get you thinking about all your baby-budget needs. Write them down, add them to your current budget, and take action. Work with your partner and family to see where you can realistically cut back and set up a game plan for baby-budgeting success. 3. Lower your interest rates — decrease or eliminate any current debt As you work through your budget, you may notice areas where you’re overspending (dinners out, fancy lattes) or interest rates that are super high. Make sure you have a thorough understanding of your debt. Include interest rates and term lengths so you can calculate your compounded debt over time. Knowledge is power, so take the time now to know exactly where your money is going, especially when it comes to some of these most common debts: Credit cards : Do your best not to carry any debt month to month to avoid paying interest. If you’re unable to pay off your credit card balance in full each month, call your credit lender and simply ask if there may be a way to lower your interest rate. Either way, you want to be sure to pay off your credit card debt, ideally before your new addition arrives. Student loans : The amount of debt associated with student loans may be especially daunting when aiming to build a family. Refinancing your student loans could be an important step to reduce that debt by combining multiple loan payments into one monthly payment while reducing your overall rate, payment, or both. If you’ve already refinanced, check in with your partner or spouse on their loans. Many people are not aware of refinancing benefits, so get the word out! 4. Save and consider investing There are so many wonderful things to look forward to! You and your growing family have a world of promise ahead, so don’t forget about the important long-term financial goals you have, such as: Your own retirement : It may be easy to forget about your own future with a growing family in the here and now, but retirement savings are essential. Be mindful of the compound interest that grows over time — the earlier you start, the better, so don’t stop. Remember that a sound financial plan does not include children supporting their parents through retirement. If your company offers a 401(k) or equivalent retirement solution , start or continue contributing to it so you have something set aside for yourself later in life. Some companies offer matching percentages. For example, if your company matches 4% of your 401(k), it’s in your best interest to aim to contribute at least 4% so you gain the full matching benefit. If you are already maxing out your 401(k) and want to continue to contribute more to your retirement, there are additional options like Individual Retirement Accounts (IRAs). Save for your child’s education with a 529 Plan : College and graduate school is expensive, so think about saving for your child’s education right away. Encourage loved ones to help by making early donations in a state-sponsored 529 College Savings Plan that may be used for qualified educational programs. Concerned about making consistent payments? Consider setting and forgetting an automated monthly payment while your contributions grow, tax deferred. The bottom line There are all kinds of families and all kinds of ways to financially support them. Communicate with your loved ones. Be open and honest about your present financial situation and where you realistically aspire to be. Keep in mind that the decisions you make today could directly impact your family’s future. Be thoughtful in your approach to your finances so you can focus on cherishing this exciting time in your life. More information Starting or growing your family is an exciting time in your life. A home equity line of credit can provide the access to cash you need to be best prepared for your newest addition. To learn more, please call 1-888-333-1206, visit us online , or Ask a Citizen at your nearest Citizens branch .
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[Enroll Now](https://www.citizensbankonline.com/olb-root/enrollment) # 4 Financial tips for your growing family ![man holding a baby](https://p1.aprimocdn.net/citizensbank/88a0ef1d-de50-4c82-a945-aec2005b39b6/GettyImages-83480790_H1Hero.jpg) ## Key takeaways - The financial decisions you make today could directly impact your family’s future. - Consider all new costs when budgeting: diapers, child care, doctor’s visits, and college savings are only a few. - Don’t neglect your own retirement savings when planning for a new addition. Money should not get in the way of starting or expanding your family. This is a joyful time meant to be celebrated, so congratulations on thinking about or adding a new family member\! Yes, money matters, but taking a strategic approach to the way you save and invest could help alleviate some of the financial stress associated with this momentous phase of your life. These five tips can help prepare your budget and maximize savings goals. ## 1\. Communicate, and then communicate more The first and perhaps best thing you can do when it comes to finances and expanding your family is talk it out. Clearly communicate with your partner and anyone else who is directly involved with financing your newest addition. Be mindful that the road to financial success will be paved with pre-determined goals, budgets, and back-up plans. Honest conversations about concerns, aspirations, and what matters most is crucial. ## 2\. Consider all costs — your budget is about to change Examine your current personal or household [budget](https://www.citizensbank.com/learning/how-to-create-a-budget.aspx). New family members are expensive, so find places where you can cut back to start saving more. Consider these monthly necessities that will directly impact your budget: - Diapers: Babies may require 10 or more a day\! - Clothing: Babies and children outgrow clothing fast; so many shoes and coats\! - Doctor’s visits: Mom and baby may need a series of checkups before and after birth. Even a healthy child needs to see the doctor regularly. - Child care: With child care rates steadily climbing, the decision to go back to full- or part-time work and use child care — or stay home and sacrifice income — takes a toll on many families and their budgets. - College savings plan: It’s never too soon to start saving for your child’s education. Consider adding college savings to your monthly budget because even small contributions now could pay off when your child turns 18. - Insurance: You’re adding another dependent to your healthcare plan and that may mean an increased monthly health insurance premium. And if you don’t have life insurance, now may be the perfect time to look into that option. This is hardly a comprehensive list of family expansion expenses, but its aim is to get you thinking about all your baby-budget needs. Write them down, add them to your current budget, and take action. Work with your partner and family to see where you can [realistically cut back](https://www.citizensbank.com/learning/saving-and-budgeting/overview.aspx) and set up a game plan for baby-budgeting success. ## 3\. Lower your interest rates — decrease or eliminate any current debt As you work through your budget, you may notice areas where you’re overspending (dinners out, fancy lattes) or interest rates that are super high. Make sure you have a thorough understanding of your debt. Include interest rates and term lengths so you can calculate your compounded debt over time. Knowledge is power, so take the time now to know exactly where your money is going, especially when it comes to some of these most common debts: - Credit cards: Do your best not to carry any debt month to month to avoid paying interest. If you’re unable to pay off your credit card balance in full each month, call your credit lender and simply ask if there may be a way to lower your interest rate. Either way, you want to be sure to pay off your credit card debt, ideally before your new addition arrives. - Student loans: The amount of debt associated with student loans may be especially daunting when aiming to build a family. [Refinancing your student loans](https://www.citizensbank.com/student-lending/education-refinance-loan.aspx) could be an important step to reduce that debt by combining multiple loan payments into one monthly payment while reducing your overall rate, payment, or both. If you’ve already refinanced, check in with your partner or spouse on their loans. Many people are not aware of refinancing benefits, so get the word out\! ## 4\. Save and consider investing There are so many wonderful things to look forward to! You and your growing family have a world of promise ahead, so don’t forget about the important long-term financial goals you have, such as: - Your own retirement: It may be easy to forget about your own future with a growing family in the here and now, but retirement savings are essential. Be mindful of the compound interest that grows over time — the earlier you start, the better, so don’t stop. Remember that a sound financial plan does not include children supporting their parents through retirement. If your company offers a 401(k) or equivalent [retirement solution](https://www.citizensbank.com/retirement-planning/overview.aspx), start or continue contributing to it so you have something set aside for yourself later in life. Some companies offer matching percentages. For example, if your company matches 4% of your 401(k), it’s in your best interest to aim to contribute at least 4% so you gain the full matching benefit. If you are already maxing out your 401(k) and want to continue to contribute more to your retirement, there are additional options like [Individual Retirement Accounts (IRAs).](https://www.citizensbank.com/retirement-planning/overview.aspx) - Save for your child’s education with a 529 Plan: College and graduate school is expensive, so think about saving for your child’s education right away. Encourage loved ones to help by making early donations in a state-sponsored [529 College Savings Plan](https://www.citizensbank.com/education-savings-plans/529-plans.aspx) that may be used for qualified educational programs. Concerned about making consistent payments? Consider setting and forgetting an automated monthly payment while your contributions grow, tax deferred. ## The bottom line There are all kinds of families and all kinds of ways to financially support them. Communicate with your loved ones. Be open and honest about your present financial situation and where you realistically aspire to be. Keep in mind that the decisions you make today could directly impact your family’s future. Be thoughtful in your approach to your finances so you can focus on cherishing this exciting time in your life. ## More information Starting or growing your family is an exciting time in your life. A home equity line of credit can provide the access to cash you need to be best prepared for your newest addition. To learn more, please call 1-888-333-1206, visit us [online](https://www.citizensbank.com/home-equity-loans/rates-and-products.aspx), or Ask a Citizen at your nearest [Citizens branch](https://www.citizensbank.com/customer-service/branch-locator.aspx). ![citizens](https://www.citizensbank.com/assets/CB_resources/images/cbds-logos/logo-citizens__horz-green.svg) ##### Company - [About Us](https://www.citizensbank.com/about-us/overview.aspx) - [Career](https://jobs.citizensbank.com/?utm_source=citizensbank.com&utm_medium=referral&utm_campaign=careersite) - [Community](https://www.citizensbank.com/about-us/community.aspx) ##### Help - [Contact Us](https://www.citizensbank.com/customer-service/contact-us.aspx) - [Resource en español](https://www.citizensbank.com/es/homepage.aspx) ##### Resources - [Branch Locator](https://www.citizensbank.com/customer-service/branch-locator.aspx) - [Financial Education](https://www.citizensbank.com/learning/overview.aspx) - [Share Feedback](https://www.citizensbank.com/learning/four-financial-tips-when-growing-your-family.aspx#0) - [About Our Ads](https://www.citizensbank.com/about-our-ads/overview.aspx) - [Site Requirements](https://www.citizensbank.com/site-requirements/overview.aspx) - [Security & Legal](https://www.citizensbank.com/account-safeguards/overview.aspx) - [Privacy Rights](https://www.citizensbank.com/account-safeguards/privacy.aspx) - [Accessibility](https://www.citizensbank.com/ada-compliance/overview.aspx) - [Do Not Sell or Share My Personal Information](https://www.citizensbank.com/learning/four-financial-tips-when-growing-your-family.aspx) © Citizens Financial Group, Inc. All rights reserved. Citizens Bank, N.A. Member FDIC Disclaimer: The information contained herein is for informational purposes only as a service to the public, and is not legal advice or a substitute for legal counsel, nor does it constitute advertising or a solicitation. You should do your own research and/or contact your own legal or tax advisor for assistance with questions you may have on the information contained herein. 1 Contact your tax advisor regarding the deductibility of interest. - ![Equal Housing Lender Logo](https://www.citizensbank.com/assets/CB_resources/images/cbds-icons/disclosureIcons/housing.svg)
Readable Markdown	![man holding a baby](https://p1.aprimocdn.net/citizensbank/88a0ef1d-de50-4c82-a945-aec2005b39b6/GettyImages-83480790_H1Hero.jpg) ## Key takeaways - The financial decisions you make today could directly impact your family’s future. - Consider all new costs when budgeting: diapers, child care, doctor’s visits, and college savings are only a few. - Don’t neglect your own retirement savings when planning for a new addition. Money should not get in the way of starting or expanding your family. This is a joyful time meant to be celebrated, so congratulations on thinking about or adding a new family member\! Yes, money matters, but taking a strategic approach to the way you save and invest could help alleviate some of the financial stress associated with this momentous phase of your life. These five tips can help prepare your budget and maximize savings goals. 1\. Communicate, and then communicate more The first and perhaps best thing you can do when it comes to finances and expanding your family is talk it out. Clearly communicate with your partner and anyone else who is directly involved with financing your newest addition. Be mindful that the road to financial success will be paved with pre-determined goals, budgets, and back-up plans. Honest conversations about concerns, aspirations, and what matters most is crucial. 2\. Consider all costs — your budget is about to change Examine your current personal or household [budget](https://www.citizensbank.com/learning/how-to-create-a-budget.aspx). New family members are expensive, so find places where you can cut back to start saving more. Consider these monthly necessities that will directly impact your budget: - Diapers: Babies may require 10 or more a day\! - Clothing: Babies and children outgrow clothing fast; so many shoes and coats\! - Doctor’s visits: Mom and baby may need a series of checkups before and after birth. Even a healthy child needs to see the doctor regularly. - Child care: With child care rates steadily climbing, the decision to go back to full- or part-time work and use child care — or stay home and sacrifice income — takes a toll on many families and their budgets. - College savings plan: It’s never too soon to start saving for your child’s education. Consider adding college savings to your monthly budget because even small contributions now could pay off when your child turns 18. - Insurance: You’re adding another dependent to your healthcare plan and that may mean an increased monthly health insurance premium. And if you don’t have life insurance, now may be the perfect time to look into that option. This is hardly a comprehensive list of family expansion expenses, but its aim is to get you thinking about all your baby-budget needs. Write them down, add them to your current budget, and take action. Work with your partner and family to see where you can [realistically cut back](https://www.citizensbank.com/learning/saving-and-budgeting/overview.aspx) and set up a game plan for baby-budgeting success. 3\. Lower your interest rates — decrease or eliminate any current debt As you work through your budget, you may notice areas where you’re overspending (dinners out, fancy lattes) or interest rates that are super high. Make sure you have a thorough understanding of your debt. Include interest rates and term lengths so you can calculate your compounded debt over time. Knowledge is power, so take the time now to know exactly where your money is going, especially when it comes to some of these most common debts: - Credit cards: Do your best not to carry any debt month to month to avoid paying interest. If you’re unable to pay off your credit card balance in full each month, call your credit lender and simply ask if there may be a way to lower your interest rate. Either way, you want to be sure to pay off your credit card debt, ideally before your new addition arrives. - Student loans: The amount of debt associated with student loans may be especially daunting when aiming to build a family. [Refinancing your student loans](https://www.citizensbank.com/student-lending/education-refinance-loan.aspx) could be an important step to reduce that debt by combining multiple loan payments into one monthly payment while reducing your overall rate, payment, or both. If you’ve already refinanced, check in with your partner or spouse on their loans. Many people are not aware of refinancing benefits, so get the word out\! 4\. Save and consider investing There are so many wonderful things to look forward to! You and your growing family have a world of promise ahead, so don’t forget about the important long-term financial goals you have, such as: - Your own retirement: It may be easy to forget about your own future with a growing family in the here and now, but retirement savings are essential. Be mindful of the compound interest that grows over time — the earlier you start, the better, so don’t stop. Remember that a sound financial plan does not include children supporting their parents through retirement. If your company offers a 401(k) or equivalent [retirement solution](https://www.citizensbank.com/retirement-planning/overview.aspx), start or continue contributing to it so you have something set aside for yourself later in life. Some companies offer matching percentages. For example, if your company matches 4% of your 401(k), it’s in your best interest to aim to contribute at least 4% so you gain the full matching benefit. If you are already maxing out your 401(k) and want to continue to contribute more to your retirement, there are additional options like [Individual Retirement Accounts (IRAs).](https://www.citizensbank.com/retirement-planning/overview.aspx) - Save for your child’s education with a 529 Plan: College and graduate school is expensive, so think about saving for your child’s education right away. Encourage loved ones to help by making early donations in a state-sponsored [529 College Savings Plan](https://www.citizensbank.com/education-savings-plans/529-plans.aspx) that may be used for qualified educational programs. Concerned about making consistent payments? Consider setting and forgetting an automated monthly payment while your contributions grow, tax deferred. The bottom line There are all kinds of families and all kinds of ways to financially support them. Communicate with your loved ones. Be open and honest about your present financial situation and where you realistically aspire to be. Keep in mind that the decisions you make today could directly impact your family’s future. Be thoughtful in your approach to your finances so you can focus on cherishing this exciting time in your life. More information Starting or growing your family is an exciting time in your life. A home equity line of credit can provide the access to cash you need to be best prepared for your newest addition. To learn more, please call 1-888-333-1206, visit us [online](https://www.citizensbank.com/home-equity-loans/rates-and-products.aspx), or Ask a Citizen at your nearest [Citizens branch](https://www.citizensbank.com/customer-service/branch-locator.aspx).
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