In this episode of "Money Rehab with Nicole Lapin," Nicole highlights the substantial financial implications of having a child, sharing personal insights and tips to prepare for the unexpected costs. She discusses an average expense of $237,482 from birth to 18 years, and outlines six strategies for financial preparedness, including reviewing health insurance, utilizing child tax benefits, and establishing a 529 Plan for future education costs. Nicole provides guidance on enhancing emergency funds and suggests setting up a separate savings account for baby-related expenses while reassuring listeners about her maternity leave plans.