Optimal Relationships Daily - Dating, Marriage and Parenting 2664: How Having a Baby Changed My Financial Goals by Logan Allec with Marriage, Kids and Money on Children and Finances
Jul 20, 2025
Becoming a parent dramatically alters financial priorities. The focus shifts from personal wealth to securing a child’s future. Relaxing savings targets becomes essential, as family time now takes precedence over money. Early investment in education, like setting up a Roth IRA or a 529 plan, is crucial. The discussion emphasizes balancing support for children’s education while ensuring personal financial health remains intact.
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Parenthood Shifts Financial Goals
- Logan Allec shares how having a baby shifted his financial goals from retiring early to securing his child's financial future.
- The expense of raising a child and hopes for their independence guide his changed priorities.
Time Valued Over Money
- Logan values spending time with his family over accumulating money now that he has a child.
- Money is necessary but no longer an end goal; family time is his top priority.
Relax Budgeting for Baby Expenses
- Relax your savings goals after having a baby to accommodate new priorities and unpredictable expenses.
- Maintain an emergency fund but allow budget flexibility to support your child's needs.