Raising a child is a big financial commitment—costs can add up to over $365,000 by age 18! But don’t worry. Focus on what matters most, make use of hand-me-downs (except car seats), and stick to your budget. Smart choices now mean more freedom to enjoy every moment with your child.

Secure a Social Security Number
Apply for your baby’s Social Security number at the hospital, so you can take advantage of important tax benefits right away.

Take Advantage of Tax Benefits
Look into tax breaks like the Child Tax Credit and Dependent Care Credit. These can give your family a helpful boost as you start your new adventure together.

Set Up Savings and Investment Accounts
Consider starting a savings or Alaska 529 education savings account for your child. Even small contributions now can grow into big opportunities for your child’s future!

Explore Childcare Options
Check out local daycares and see if your employer offers a Dependent Care Flexible Spending Account to help with costs. Planning ahead makes childcare decisions less stressful—and more affordable. Daycare spots can be hard to come by, so it’s worth researching your options early to secure a place on a waitlist.