Practical advice and strategies for new moms to manage finances effectively, including setting boundaries, meal planning, and utilizing savings accounts. Emphasis on avoiding impulse buying and seeking support to navigate financial challenges.
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Episode 2174:
Explore effective strategies for financial planning and saving as a new mom in Amy Beardsley's insightful guide. Discover practical tips on managing impulse purchases, meal prepping, and leveraging health savings accounts to make the most of your budget. This empowering advice ensures you prioritize your baby's essential needs while maintaining financial stability.
Read along with the original article(s) here: https://smartmoneymamas.com/save-money-new-mom/
Quotes to ponder:
"Making the choice to set aside some time and energy to make a financial plan will relieve so much stress going forward."
"Marketers know new mamas want the best for their children. They’re especially good at pressuring you into thinking you need things you don’t."
"Above all, focus on your values and what your child really needs - your love, care, and comfort."
Episode references:
Family Medical Leave Act information: https://www.dol.gov/agencies/whd/fmla
Health Savings Accounts (HSAs): https://www.irs.gov/publications/p969
Flexible Spending Accounts (FSAs): https://www.healthcare.gov/have-job-based-coverage/flexible-spending-accounts/
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