After the first excitement nearly everyone feels some anxiety when receiving the news that they become parents. I saw people fall into transition anxiety all the time: what’s going to be like? What will happen to me? How are you going to raise that child? Are you going to be a good parent?

I still remember like it was yesterday how I freaked out when the nurse told me I am having twins. I got shocked in such a way that for the time period the nurse did my ultrasound I been talking aloud.

These emotions are totally normal and understandable. When you undertake new things like becoming a parent, rely on the stability on who you are to provide you comfort and confidence.

The next thing will hit you is the financial issue of raising a child. How are you going to provide? How your child will fit into your financial picture? Life today is so different than it was yesterday. Lack of job security, dwelling pension plans, and the uncertainty of what tomorrow holds has added stress to our long list of financial worries. Even dual-income families find it difficult to meet present needs, much less save for the future.

According to Vanier Institute of the Family, viewed April 21, 2005 “The average cost to raise a child to age 18 is about $163,000″. Wow, thank God most of us don’t know the figure and honestly I believe we shouldn’t choose having kids or not by how much they will cost us. Children are the most expensive but rewarding additions to your life.

But once you receive the news that you’ll become a parent you have to realize that from now on it’s not just about you but you are responsible for that child. You as a parent are responsible to provide the financial and emotional need to raise that kid.

This is the time when you have to consciously plan for your child future. You have to have a financial plan game in place to get you, your family and your child in a financial position when you can face tomorrow with confidence.