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Finance Expert Suggests Saving $10K Before Having a Baby

Sherry Rucherman

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After having two kids Scott Pape has one major piece of advice for people planning to have their first child: save $10,000 before your baby arrives. Pape, an Australian finance guru who is helping the Australian government overhaul it’s financial education curriculum, wrote an entire blog post devoted to how expensive it is to have a child. While some of the details are different since Australia has public health care and paid maternity leave, his overall point is that with all the stress of a having a newborn, you don’t want to have to worry about money.

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One of the primary differences between Pape’s advice and future parents living in the US is our medical system. According to a report by Castlight Health the average national cost for a vaginal delivery is $8,775 while the average cost for a c-section is $11,525. This is the total cost including out-of-pocket expenses by you and payments made by health insurance.

However, the report points out the price paid out-of-pocket varies widely by state and insurance. In one example, a vaginal delivery in San Francisco cost $28,541. For many, that’s more than they paid for their car. And that is only the first two days of your baby’s life. This doesn’t include the costs of diapers, bottles, a car seat, stroller, clothes, and childcare.

While it may seem impossible, Carley Roney, editor of TheNestBaby.com, also suggests saving between $5,000 and $10,000 before having your first baby precisely to cover these costs. Many first-time parents also seem to overlook the increased cost of health insurance to add a dependent, regular doctor’s visits to check the baby’s development, and loss of income due to maternity leave.

There are many suggestions for saving money after having a baby to make that baby fund last longer. Pape suggests a few himself, including searching for baby gear on eBay or ask for hand-me-downs. A quick internet search will net a lot of other suggestions, including living on your post-baby budget before the baby arrives to save money and to make sure the budget is realistic; hold off on buying a (larger) home to make sure you have a large down payment and can afford the payments comfortably; and check on your employee benefits to make sure you understand out-of-pockets costs and deductibles.

In the United States, the average cost of raising a child born in 2015 to the age of 17 is up to $233,610 according to the Department of Agriculture. That number doesn’t take into account costs like college and missed income from career delays. With childcare costs, enrichment activities like piano or baseball, and Christmas and birthday gifts, it’s no wonder at least one financial expert is advocating for saving before the baby arrives, because even if you don’t use all of that $10,000 in the first year, you’ll certainly need it for the 16 years thereafter.

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Relive the Golden Age of Air Travel With These Jaw-Dropping Photos!

Mackenzie Freeman

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We may be living in the golden age of technology, but we are certainly not living in the golden age of air travel. If you looked at the cabin of a domestic airplane in the ’50s and ’60s and compared it to today’s models, there would be precious little overlap. In order to bring back some of that luxurious travel of yesteryear, we invite you to fly with us through 35 jaw-dropping photos from the Golden Age of Air Travel.

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Blind Golden Retriever Makes Fast Friends With His ‘Seeing Eye’ Companion.

Sherry Rucherman

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If you are a living and breathing human being like us, you hate to see innocent animals suffer. In 2016, Charlie, a golden retriever, would end up losing both of his eyes due to a medical emergency. As an older dog, Charlie didn’t have to grow up without his vision.  Naturally, his owners were concerned about how their dog would adapt to life without being able to see. They knew that they had to do something to help their furry family member, so they decided to adopt a ‘seeing eye’ dog. If you can sense how cute this story is about to be, get ready to grab your tissues. We wouldn’t blame you if you cried from cute joy.

Adam Stipe adopted Charlie when the golden retriever was just a puppy. After nine years together, Charlie ended up losing his left eye due to complications resulting from glaucoma. Within a year, Charlie would lose his right eye, as well. By this time, Adam and his wife Chelsea had emptied their retirement bank account in order to pay for the treatment that had kept Charlie alive. Adam and Chelsea had also recently become pregnant. Talk about sudden life changes! In order to prepare for the baby, as well as better the life of Charlie, they decided to make a change.

When New Year’s Day arrived in 2019, Chelsea and Adam would welcome Maverick into their home. Maverick was an excitable golden retriever puppy who was ready to make new friends. Adam and Chelsea had adopted Maverick for a multitude of reasons. First and foremost, they wanted to bring a puppy home to help Charlie get around the house. Second, Adam and Chelsea also wanted a puppy to grow alongside their newborn baby. While adding a baby and puppy to your house at the same time can be tough, the loving family managed to work it out!

After a bit of tension, Charlie and Maverick would soon become fast friends. In fact, you couldn’t walk around the house with the two golden retrievers running around together. According to Adam and Chelsea, Maverick quickly became a natural ‘guide companion’ for Charlie. Maverick learned to play with and guide Charlie around all without being told. According to Chelsea, “Maverick would realize that Charlie would lose the toy sometimes, so Maverick would pick it up and put it back in front of him to re-engage playtime.”

Due to Maverick’s kindness as well as Charlie’s own loving nature, both dogs have become the best of friends. According to Adam, Charlie has even begun to play like a puppy again. When Charlie was an ‘only dog’, he wouldn’t want to play nearly as much. Despite all the difficulties that life had thrown at Charlie, it is clear that he is being protected, loved, and cared for by the best furry friend anyone could ask for.

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Can You Believe What These Historical Figures Actually Looked Like?

Lea Lomas

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When we talk about historical figures, how real do they feel to you? Unless you lived during the time that those historical figures were active, you might treat them like concepts more than living and breathing figures. Today, we are going to give you a chance to see some of the most important people from history as they would actually look! Using 3D printing, CT scans, and CGI, teams of researchers were able to bring these forty legends to life!

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