How much does it really cost to raise a child?
Are you a parent or thinking about becoming one? Wondering how to navigate the financial side of raising a child?
In this eye-opening Impactful Parent episode, we take a deep dive into the true cost of raising a child. This video is packed with essential information and practical tips for anyone looking to build a strong financial future for their family.
This episode discusses a wide range of topics to help you get your finances in order, including:
Financial Planning and Budgeting: Learn how to create a solid budget that accounts for both expected and unexpected expenses.
Saving for the Future: Get insights on the importance of retirement savings and setting up a 529 plan for college savings.
Teaching Kids About Money: Discover effective strategies for giving your children an allowance and teaching them valuable financial lessons early on.
Key Financial Concepts: Understand the role of life insurance and estate planning in securing your family’s future.
Hidden Costs: The conversation also touches on the significant costs of childcare, activities & extracurriculars, and the unique financial considerations for children with special needs.
This episode is a must-watch for parents who want to be prepared for the financial journey of parenthood. Join Kristina Campos as she provides a comprehensive guide to navigating the finances of raising a family, empowering you to make smart decisions every step of the way.
Click on the link below to listen to the podcast! 👇
LINKS MENTIONED IN THE RECORDING
https://theimpactfulparent.com/app Download the FREE Impactful Parent App! Available on Apple and Android App Stores. FREEBIES from episodes included!
Apple Store: https://theimpactfulparent.com/ios
Android Play Store: https://theimpactfulparent.com/android
https://theimpactfulparent.com for more FREE Resources and paid programs.
What Do You Think?
Rate, Review, & Subscribe!
“I love Kristina and all the FREE tips that she has to offer! Thank you for making my parenting journey better!” <– If that sounds like you, please consider rating and reviewing my show! This helps me support more people — just like you!!!
Rate with five stars, and select “Write a Review.” Then be sure to let me know what you loved most about the episode!
Also, if you haven’t done so already, subscribe to the podcast. I’m adding a bunch of bonus episodes to the feed and, if you’re not subscribed, there’s a good chance you’ll miss out. Subscribe now!
What to do next:
1. Get The Impactful Parent App! Everything you need in your parenting journey in one spot! Available on the Android Play Store and the Apple Store. Search Impactful Parent (direct links listed above under Links in Episode).
2. Follow The Impactful Parent on social media if you don’t already! Facebook, Instagram, LinkedIn, & Pinterest
4. Check out the official website of The Impactful Parent for FREE RESOURCES, parenting classes, mom’s groups, and so much more! Click here to check it out!
5. Discover how you can work with Kristina! Sign up for a FREE 30-minute discovery call! Click here to find a time that works best for you!
Bottom Line… I am here for YOU! Contact me at theimpactfulparent@gmail.com
TRANSCRIPT
How Much Does It Really Cost To Raise A Child?
0:00 intro to How much does it really cost to raise a child?
1:24 How much does it cost to raise a child?
3:43 What expense do parents forget in their planning?
7:20 How do we afford the unexpected?
10:26 What is the trade off between working and childcare?
13:58 Is having a second child going to cost double?
16:12 When should we consider buying a forever-home?
17:20 When do we start saving for college and how much do we save?
21:59 Life Insurance and a Will. When is it necessary?
26:21 What should be our financial priorities?
28:12 Modeling money spending for your kids
34:27 More from Lori
37:08 What is the most expensive thing?
37:51 Free parenting resources
It takes a lot to run a family! Here are a few products I recommend.
Gabb Wireless: The BEST first phone for your child!
- No internet, no social media, and NO WORRIES! This phone has GPS tracking and other features that parents want to have peace of mind about their child having a phone. The Gabb Wireless phone has the sleek look of a smartphone that kids love without worry and high price. To find out more and order your phone (or watch) go to: gabbwireless.com/promo/IMPACTFULPARENT30