Money Monday

first_imgBy Barbara O’NeillAre there military programs on base that can help expectant parents budget for their new baby?Yes. Many military branches offer free financial classes for expectant parents.The Navy-Marine Corps Relief Society (NMCRS) hosts the Budget for Baby Program through the help of a network of volunteers. Topics are centered around the family budget and the impact of the child’s birth on a family’s budget, the importance of a will, and Servicemembers’ Group Life Insurance (SGLI) coverage for the newborn. After completing the course, parents receive a complimentary layette (coordinated set of bedding and clothing, a baby book, and a handmade gift from a society volunteer).In addition to the Budget for Baby Program, the Marine Corps hosts a New Parent Support Program. The program provides parenting classes, referrals, home visits, play morning, and mom/dad basic training boot camp. The New Parent Support Program is complimentary and supplies valuable information to Marine Corps families with children from birth through age five.The Navy offers a New Parent Support Program which provides classes for military families with children. The programs offered include prenatal services, resources, new baby bulletin, and nurture parenting. In addition, the New Parent Support Home Visitation Program is open to all military branches, and families are assessed to determine whether they need help managing the demands of a new baby with at-home visits. The home visits help military families cope with stress and nurture children to promote growth and development.The Air Force Aid Society has a Bundles for Babies complimentary course for active duty members. After completing the course, service members receive a complimentary layette from the Gerber Company (booties, bibs, bath set, coordinated set of bedding, etc.). Classes are not limited to first-time parents and are open to all ranks. The class provides financial information which focuses on budgeting for the new baby from conception through college.The Army offers a New Parent Support Program free of charge to soldiers and family members expecting a child or with children from birth to age three. The program provides parenting classes, home visits, play groups, resources, and other activities.Also refer to Military OneSource to locate the New Parent Support Program on various military installations. Browse more military personal finance blog posts and webinars by experts.Follow Dr. O’Neill on Twitter!This post was published on the Military Families Learning Network Blog on October 21, 2013last_img

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