Having a baby can be expensive!
Sometimes it is hard to know how much you should have saved up before that little bundle of joy arrives. In this episode of The Motherhood & Money Show, Bethany and Marissa discuss how they each prepared their finances for having children.
In this episode we cover:
- How Bethany and Marissa each prepared financially and set money goals before TTC
- How many months of expenses they set aside in their emergency funds
- What is an HSA and why is it important when having a baby, as well at what items qualify for HSA
- Should you be debt free before having a baby?
- How to start a baby budget
- What are sinking funds and why are they important when planning for a baby?
And as a bonus, we also address:
- Great questions to ask on a first date when you want to make sure they are financially stable
- Ways to save on baby items
- Spending on the items that matter most to you and cutting back on items that are not as important
For more helpful tips on the items we discuss in this show, visit motherhoodandmoneyshow.com or follow @motherhoodandmoneyshow on Instagram!
