2. Grow Your Kids’ Numbers Too
Little ones may also be entering the picture, and you’ll probably have to plan for child care costs, as well as starting to save for college. For the latter, consider opening a 529 plan and contributing what you can now to help defray tuition costs and other college fees down the road. Just remember that not all college savings plans are created equal—those sold by investment advisers tend to carry higher fees than 529s you can buy directly from the state, for example—so do your homework before deciding which one is best for your family’s needs.