Mile High FI Podcast Kids Are Really Expensive, Aren't They? | MHFI 149
Feb 21, 2023
01:03:49
Having kids is a lifestyle change that has a big impact on our finances. But how much does parenthood really cost?
In this episode, Doug and Amberly explore the expected and unexpected costs that come with having children. They talk about the importance of budgeting and share some tips on how to shop wisely for new parents.
The (unexpected) costs of having kids
- Health insurance and dental costs
- Schooling and tuition
- Are human parents and dog parents alike?
- The do's and don'ts of choosing a gift for new parents
- Tips for navigating friendships as a parent
- Amberly hosts FinTalks
Connect with Amberly Grant!
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**Disclaimer: The podcast is for informational purposes. Maybe entertainment but we won't even make such a claim. You shouldn't take the info as financial, legal, or tax advice. We aren't certified financial planners or advisors. We're not qualified for much. So get advice from professionals.**
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Email us here: doug@milehighfi.com or carl@milehighfi.com 0:00 Intro 2:41 Budgeting and planning for kids 7:57 Is having children similar to dogs? 10:31 The cost of having kids 25:05 Children and health insurance 32:29 Why kids' clothing is a terrible gift idea 36:33 As kids grow, so do their expenses 39:40 How to get free babysitting benefits 41:04 Why do parents count their baby's age in months?! 42:34 Schooling and tuition expenses 46:47 Navigating friendships as a parent 52:10 Amberly is on FinTalks 53:22 Fin Talk's retreat and Camp FI