If you already have a plan, you’ll have to adapt it, because a baby will change your life dramatically. Suddenly, you’ll have to deal with things you’ve never encountered before.
Think short term and long term. In the short term, there’ll be financial consequences such as extra doctor’s expenses, a room for the baby, a pram and flying up your parents. Everything costs money - and often more than you think.
In the long term, you must think about your child’s education. Start saving for it now. All of this will mean that your budget must change too. Remember to update your policies now that your circumstances have changed - include the new beneficiary.
Do research and make sure that you know exactly what your medical scheme covers when you fall pregnant. Ask questions and make the most of the pregnancy benefits on your medical scheme. You often have to pay expenses from your savings plan.