Having and raising children can be expensive! And with so many different products and precautions vying for our money it can be tough to know where to spend and where to save. We're thrilled to have Chelsea Brennan, founder of Smart Money Mamas and former hedge fund investor to talk about the important pieces to consider when having kids and the items most parents don't think about, but should!

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that feeling you get when you see literally ANYTHING that is tiny and overwhelmingly adorable that you grit your teeth, clench your muscles, and say weird things that you would never ACTUALLY do but somehow feels right to say. Cute aggression: you either understand it completely or you are entirely concerned by it - there is no in-betweenCute Aggression -

Notable Notes:

We asked Chelsea all about her insights and top tips on raising babies frugally! Here's our highlights:
What are some costs new mom think they need to spend money on but really aren’t necessary?
Basically everything… :)
For real though, set up the nursery later - most infants will sleep in your room for the first few months anyhow!
Consider if the thing you are about to purchase will actually cause anxiety
Beware of educational development marketing - they want your money - not to make your baby smarter
What are some costs new parents might not think about but are legitimately important? 
Life insurance (for parents plan for 6-10x your salary) + Estate plan (particularly to name guardians)
Trust and Will
Haven Life
Ladder
Bestow (no exam necessary)
Policy Genius
Emergency Binder - by Smart Money Mama
Baby emergency fund
Consider night nurse/food delivery. etc.
For the things we need, what are some ways to save money.
Local buy nothing groups
Borrow from friends
FB marketplace
Mom FB groups
Thrift stores
Consignment events 
What should new moms be prepared for as far as medical costs for delivery and baby well checks?
ACA often covers baby well checks
CALL INSURANCE provider to learn about coverage
Understand what your deductible is
Recognize possibility of paying deductible 2x
Options - what they cover (small perks)
Call hospital and get range of numbers
Select an office that has a set price
Consider birthing center (if healthy/non-complicated pregnancy)

BILL OF THE WEEK - Thank you Chelsea for sharing about your bill for your sit to stand desk!

rugalfriendspodcast.com/bill If you want to submit your bill of the week visit fto leave us a bill

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