Bringing a beautiful child into this world comes with making so many sacrifices. Some new parents have forgotten what sleep feels like, while others get a shock in the mirror when they see how fatigued they look. The lack of sleep is just one of the struggles we have as we juggle our newly minted parenthood responsibilities. With the weight of our young family on our shoulders, it is critical that we plan and prioritise our energy and resources to achieve the best outcome for our loved ones. In this article, we focus on how we can strategise on financial planning as a new parent. Financial milestones as a young parent Housing costs for a young family According to the Ministry of Manpower’s latest figures, the median gross monthly income is around $4,500. A private home loan should cost around $300 monthly in instalments per $100,000 in loan value....