Plan ahead and set realistic expectations about what you’ll be able to accomplish in school and at home.
There are lots of ways to do that. "It's always easier to start cutting out the little things first. You know, go to a matinee if you go to the movies. Go to a free art fair," DiComo says. "Once you have children you realize there are all kinds of low-cost activities you can find that you never realize existed before you had children."
[Learn how to use college savings for grad school.]
5. Think ahead for future costs: What children need as one-year-olds isn't what they need at 18 months. Parents should plan accordingly.
"As they grow they wear out or grow out of clothes quickly, and they eat a lot!" Law says. "You may also need to plan additional money for lessons, piano, baseball, gymnastics, etc. You also need to plan for a car seat and stroller and depending on how many children you have, a larger vehicle. There will also be costs for doctor visits."
Trying to fund your education? Get tips and more in the U.S. News Paying for Graduate School center.
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