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It’s not unreasonable to think that your health insurance provider. How to build a baby budget advertiser disclosure budgeting for new parents: Adequate health insurance is crucial, but you'll also want to consider. Web tweet this 1. Web 6 financial planning tips for new parents 1. Whether you are having your own child or adopting, you’ll need to. Web a simple rule of thumb is to determine your budget for baby supplies, add the amount you need to cover any maternity or paternity leave, and divide that figure by. Consider insurance—both life and disability. Web personal finance budgeting for new parents: How to build a baby budget. Add your child to your health insurance plan.