There are few things in life that are more exciting than having a new baby. From picking out the perfect name to redecorating a special space in your home, if you're pregnant, you already know how much fun planning for a new baby can be. In all the excitement of anticipating your upcoming arrival, it can be easy to forget about big picture issues like finances as part of family planning. If you are expecting or hoping to start a family soon, here are four financial tips that will mean peace of mind when your baby arrives.

1. Reassess your insurance coverages

Between juggling prenatal appointments and picking out the perfect breast pump and nurse bras, consider making some time for a review of your car insurance policy, homeowners insurance, life insurance, renters insurance, and whatever other insurance policies you have. After the baby comes, things will get busy, and you won't have time to cut costs on monthly payments. Finding a multi-policy discount now could save you money that can be put away for your baby in the future.

The great news is that it's easy to get a home and auto insurance quote if you're looking to save money, increase coverages, or just want to know your options. Start with a Google search for cost comparison tools. By looking at similar policies side by side, you'll be better informed when calling your current insurance company.

Once you have an idea about where you might save, give each insurance company you have a policy with a call and ask about discounts or their ability to match pricing. Maybe you've had auto insurance for years with one company, no accidents, and that pesky traffic violation has fallen off your record since your initial quote. See if your car insurance company will work with you in lowering your monthly payment. You might be surprised at how willing they are to work with you to keep you as a valued customer.

Don't hesitate to change coverages, ask about exclusions, or make big moves. You're about to have a big change in your life anyway. Why not start saving money where you can before the baby comes?

2. Budget for your baby supplies

There's no doubt that babies come with a lot of gear. While you could technically get away with minimal items for your new baby, most mothers will tell you that many baby products on the market are great for making a new mom's life easier. Things like a hands free pumping bra may seem optional now, but after nights of no sleep and trying to juggle a remote job, you might feel differently. A pump session is usually something that new moms tend to hate, but with the right hands-free pump bra, the kind with the right fit for fitting flanges over your nipples without pulling, you can get things done during a pump session. Make sure to choose a pump bra-nursing bra combo that works with several breastmilk pumps, Medela, Spectra, and all the rest. 

Start with making a list of baby items you don't have on your baby shower registry. Then, instead of buying them all at once, take the time to budget a weekly amount you can spend on baby supplies and clothes. By spacing it out, you'll not only spend less but have more fun.

3. Consider home improvements ahead

Budget ahead for home improvement projects, too. Putting childproof locks on cabinets or padding coffee tables is probably something you can wait on. For parents who plan a bigger project in anticipation of their little one, it's best to get started early in. Construction can come with delays and hidden costs. You won't want to be nine months pregnant or out of money, and the job's not done. Plan well in advance for any renovations and be sure to plan to spend extra cash. 

4. Save for emergencies

The same way a home renovation's extra expenses can come as a surprise, a newborn and managing life with a baby can mean costs you didn't prepare for. It's a good idea to start putting money into an emergency fund now if it's something you can afford. At the end of the day, the better prepared you are financial, the less you'll have to worry about when your baby arrives. By reviewing coverages, getting baby supplies and upgrades ahead of time, and having an emergency fund, you'll be able to focus on your baby when it comes. Congratulations on your new arrival!