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74. How Much Does It Cost to Raise a Child? 2 Essential Lists to Financially Prepare for a Baby with Money Coach Becca Gonzalez

Oct 26, 2024 · 56 min · 40.9 MBExplicit
0:00-56:44

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In today’s episode, Chelsea sits down with Money Coach Becca Gonzalez to answer a question many parents ask: How much does it cost to raise a child? 

Financial preparedness is a huge consideration when planning to expand your family, but figuring out where to start can feel overwhelming. Spoiler alert: there isn’t a magic number you need to save. 

Together they discuss: 

  • Signs You’re Not Financially Ready for Parenthood
  • Essential Financial Questions to Discuss with Your Partner Before Becoming Parents
  • Becca’s Two-List Financial Planning Strategy for Expecting Parents
  • How to Build a Customized Emergency Fund for Your Family’s Unique Needs
  • How Childhood Money Experiences Shape Your Adult Financial Decisions
  • Unexpected Expenses of Raising a Child: What New Parents Need to Know About Childcare and Medical Costs

Disclaimer: The information and stories shared during this episode is intended to offer general guidance and support. However, every individual's health and circumstances are unique. Before making any significant changes, or if you have concerns about your health, it's essential to consult with your healthcare practitioner.

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