What We Spend The Price of Parenthood
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Apr 16, 2025 Join a Religious Studies professor as he candidly shares the financial hurdles of new parenthood. Discover the emotional strain of budgeting for daycare and family necessities, while also navigating the costly surprises of everyday activities. Hear firsthand stories about managing household expenses in the face of rising costs. The journey also touches on the impact of financial choices on children’s future money habits, and the tension between gratitude and frustration in dealing with financial complexities. It's a relatable exploration of the price of raising a family!
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Parents' Vulnerability to Spending
- New parents are extremely vulnerable to spending on baby-related courses and products.
- Jay recounts paying $300 for an online baby sleep course from a social media influencer.
Parenthood and Money Anxiety
- Jay has a toddler and a newborn, surviving on minimal sleep when in-laws watch the toddler.
- Parenthood is a big life change with new money anxieties.
Money Spending Feels Like Pain
- Jay experiences physical pain when spending money due to financial anxiety.
- Every money decision feels like a cost analysis rather than a benefit evaluation for him.