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Becoming a parent

Parenthood is a big change. Use our tools to help make sure you're financially prepared.

Preparing to have or adopt a child

It's time to look at your family needs and decide if you should make changes.

Figure out your budget.

  • Set goals and figure out how to meet them with a financial plan.
  • Growing kids can affect your spending habits. Stay flexible where possible.

Look at your car situation.

  • Decide if you need to buy or trade in a vehicle to fit a growing family.
  • If you need a new car, you can estimate your payment with our auto loan calculator.

Think about housing.

  • Determine if a bigger family may mean a bigger home. If it does, we have resources to help support your move.
  • Whether buying or renting, consider upfront and long-term costs as well as what’s best for your family’s wellbeing.

Review your health coverage.

  • Make a list of your family’s needs to help decide what kind of health care plans can work for you.
  • Before you make a switch, get information about shopping for health insurance.

Consider life insurance.

  • Determine if you need to update beneficiaries on employer-provided polices and retirement plans.
  • With another person relying on your income, it's important to have life insurance in case anything happens to you.

Compare childcare options.

  • Consider the pros and cons of each type of childcare to decide which one fits best for your family.
  • By stopping to review the options, you can help put time and money back in your pocket.

Update your member profile.

Add your loved ones to get the most relevant guidance. For help, call us at 800-531-8722 (USAA). Or chat online.

Support for military spouses

Parenting when you're a military spouse comes with a unique set of challenges. Fortunately, there’s help.

Planning for the future

It's never too early to start.

Save for Education

Take advantage of tax benefits with a 529 education savings plan.

Youth Banking

Help your kids build credit and good financial practices while they're young to help them succeed as adults.

Children's Life Insurance

Get coverage for your child that will grow with them, even if their health changes.

Don’t forget about estate planning.

What if something happens to you? You'll want to have a will and other legal documents ready that establish guardianship for your children. Determine where any assets will go to help care for them.