Few things compare in this world to the joy that comes with having a newborn baby enter the world. Parents will spend ten months preparing for their bundle of joy by purchasing toys, furniture, diapers, formula and countless other necessities. One basic fact that all parents should know is that children are very expensive! Before you continue spending money on endless amounts of toys and outfits, it would be wise to start thinking about saving your coins. All parents want the absolute best for their children, but sometimes the expensive toys and outlandish furniture cause financial troubles for families. New parents have a massive amount of issues to consider when it comes to raising children. A great way to start is to make sure you are financially stable enough to support a child. Here are a few great tips on budgeting for new parents.