2618: 7 Steps to Financially Prepare for a New Baby by Amy Beardsley with Smart Money Mamas
Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com.\nEpisode 2618:\nAmy Beardsley offers vital guidance for new and expectant parents on managing finances in the face of a growing family. Her article outlines pragmatic steps to ensure financial stability, including understanding your current financial situation, preparing for baby-related expenses, planning for medical costs, considering maternity leave options, establishing an emergency fund, securing life insurance, and creating an estate plan. These tips aim to ease the transition into parenthood, ensuring focus remains on the joy of family growth rather than financial stress.\nRead along with the original article(s) here: https://smartmoneymamas.com/prepare-for-new-baby/\nQuotes to ponder:\n"When growing your family, the more solid your financial plan, the easier it will be to transition to this new way of life."\nEpisode references:\nFamily Medical Leave Act (FMLA): [https://www.dol.gov/agencies/whd/fmla]\nTerm Life Insurance Information: [https://www.investopedia.com/terms/t/termlife.asp]\nLearn more about your ad choices. Visit megaphone.fm/adchoices