Becoming a new parent is overwhelming. Suddenly, you are not only responsible for yourself, but another person who depends on you for everything. From the moment a baby comes home, you have to be mindful of your every action and be cautious about how it will affect the baby, in terms of his/her health and upbringing. Also, having a baby requires you to make changes in your financial plan to take care of its every need and secure his/her future well. Listed below are five changes you need to make in your financial plan once you become a new parent.