November 12, 2012 01:00 PM

Nate Beckett/Splash News Online

Make way for baby!

With their second child due this week, Chad Lowe and his wife Kim have been busy wrapping up loose ends — and gearing up for the late nights — before their little one’s big arrival.

“I’m trying to bank some sleeping hours, which is a little tough,” the actor, 44, told PEOPLE during the premiere of Disney’s Sofia the First in Burbank, Calif. on Saturday.

“I have been out buying a lot of stuff to organize [everything] we have. It is amazing how much stuff babies need. It is incredible.”

But at the top of their list of prepping priorities has been readying 3½-year-old daughter Mabel for her special role as big sister.

“We’ve been introducing her to the concept and she seems to be very excited,” Lowe says. “She knows she’s got a big job and a lot of things to teach her sibling.”

Admitting that simultaneously juggling his personal and professional lives has been anything but easy, Lowe reveals his secret to success when it comes to his ongoing balancing act.

“The most important thing is being present when you are with your family and not being distracted by work or outside influences,” the Pretty Little Liars star explains. “I just really try to be present in all the moments when I am with my daughter and my wife. I am really lucky because I have gotten to be [with them] a lot.”

— Anya Leon with reporting by Patrick Gomez

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