<prompt> Human: So I just found out two days ago that my wife is pregnant. This will be our first child. What financial tips can you guys provide for us so that we responsibly and intelligently tackle raising a kid?Thanks  <response>: Make sure you have enough money to cover both insurance maximum for your wife and new childchildren twins triplets etc. And no matter what always set aside an extra 50 a week and think of that as diaper, food and clothing money. Dont really worry too much about buying a ton of clothes for that he first 6-9 months of life they will out grow them too quickly. Also head up to the local discount store or salvation army and buy good used clothes. No use in spending 25 on something they will wear for a month and most likely stain with one fluid or another . Check your local area for programs to help out first time parents, some will give food or formula or even clothes as well ask ns just help asked snowed general questions at no cost.. Once the kid is born and you find them a pediatric doctor makes sure to ask them for any formula that you can have. Most doctors have it just sitting around and its free. Anything else specific ask away. Currently a father of a wonderful 6 month old boy and I have the time to respond. I get the joy of being the stay at home dad. 