Ninth Month & Beyond
Cover your baby. Most health insurance companies allow new parents 30 days after delivery to add their newborn to their policy. Check with your carrier or human resources. In any case, it makes sense to get the enrollment form and start filling it out now, leaving blanks for the baby's name and birth date. Assign your spouse the task of adding those details and getting the paperwork to HR as soon as you and your baby come home from the hospital.
Invest in couple time. By some cosmic coincidence, the price of a movie ticket is roughly equal to the going rate for an hour of babysitting. That means a trip for two to a two-hour movie will cost double the money -- a full 100% markup -- after your child is born. If you're smart, you'll lock in quality time at prenatal rates, a tactic that also makes sense emotionally. Once a baby joins the household, your bonds as a couple will stretch in new and different directions; it helps to reinforce them now.
Aside from that, if you've followed our planner, the final month of your pregnancy is time for putting your feet up, both fiscally and literally. Relax, pour a cup of tea, and pat yourself on the back for preparing your family's finances for your new arrival.
Copyright © 2003. Reprinted with permission from the March 2003 issue of Child magazine.