New parent? Expecting a baby? 👶 This episode of The Future of Finance with Marissa Wood from Union Financial Services dives into 5 essential financial tips every new parent needs to know. From life insurance to budgeting, estate planning to starting an investment account for your child — this episode walks you through exactly how to financially prepare for your growing family. Whether you're already a parent or planning for the future, this episode is packed with actionable advice to protect your loved ones and build lasting wealth. 🔑 In this episode, you'll learn: * Why life insurance is critical for new parents * How to create a will or trust * A simple budget framework every family can use * How to build the right emergency fund * Smart ways to invest for your child's future ⏱️ Timestamps: 00:00 – Welcome to the Future of Finance  00:17 – Why financial planning is crucial for new parents  00:55 – Tip 1: Get Life Insurance (Term vs. Permanent Explained)  04:14 – Real-life example of why life insurance matters  08:14 – Tip 2: Create a Will or Trust (Estate Planning Basics)  09:46 – Why you want to avoid probate  09:54 – Tip 3: Build a Budget (60/20/20 Rule Explained)  12:21 – How to evaluate your actual monthly expenses  13:04 – Tip 4: Build an Emergency Fund (How Much You Really Need)  14:48 – Why emergency savings come before investing  15:13 – Tip 5: Invest for Your Child's Future (3 Smart Options)  16:17 – Brokerage accounts vs. 529 vs. cash value life insurance  18:44 – Recap: Prioritize your financial health first  20:01 – How to connect with Marissa for personalized planning 📞 Ready to start planning? Schedule a free consultation with Marissa Wood at 👉 union-financial.com [https://www.union-financial.com/] 💡 Don't forget to like, subscribe, and hit the bell 🔔 for more personal finance tips for families and new parents!