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104 | Q & A How To Plan For Unexpected Kids Expenses In The Budget + Managing Children's Expenses + Introducing the Kids' Savings Buckets

104 | Q & A How To Plan For Unexpected Kids Expenses In The Budget + Managing Children's Expenses + Introducing the Kids' Savings Buckets

FromFinancial Coaching for Women: How To Budget, Manage Money, Pay Off Debt, Save Money, Paycheck Plans


104 | Q & A How To Plan For Unexpected Kids Expenses In The Budget + Managing Children's Expenses + Introducing the Kids' Savings Buckets

FromFinancial Coaching for Women: How To Budget, Manage Money, Pay Off Debt, Save Money, Paycheck Plans

ratings:
Length:
22 minutes
Released:
Jun 26, 2023
Format:
Podcast episode

Description

⁠Our Budget Power Hour Workshop is on Presale Now!⁠
In today's podcast, we are answering a question from a client about how to deal with expenses that come up as it relates to children.
We loved this mom's question & the realness of it:
What do you recommend to do when you have children, and you enter a phase where every day there is a new expense?

They grow out of shoes overnight and now require a purchase of $80 + shoes
Two days later your other son needs new cleats because the ones he has now have a hole in them and can't play soccer with his toes hanging out
Two weeks later the soccer team decides they are switching leagues and require a $300 deposit plus $150 for the uniform
And it just keeps going from there :)

We GET IT. Been there, done that, wasn't in the budget, sent kids to school with holes in their shoes, all of the above! We also know:

It's challenging to raise kids and budget at the same time, especially as the expense continues to climb
The expenses as it comes to kids can be unpredictable

We're telling you, again, about our concept of the kid's envelope and how it's going to save your life.
We're also explaining how to set up a sinking fund for your kids and how you can estimate the annual cost of your kids.
We also talked about how to set limits and say "no" when it's necessary.
Next Steps > > >
Email us any questions: info@myidealbalance.com
Interested in Coaching? We work 1:1 with clients to do everything we talk about in this show. If you’re interested, click this link to set up a FREE 30 minute free session with us. We’ll chat, get to know one another and see if coaching is a good option for you! There is no obligation whatsoever on this call, but we will give you some quick wins you can implement immediately to level up your money management!
⁠Book a free 30 minute financial coaching session with us!⁠⁠⁠⁠⁠ ⁠
Visit Our Website 
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Released:
Jun 26, 2023
Format:
Podcast episode

Titles in the series (100)

Even high-achieving, Jesus-following moms need help organizing their finances. We want to help you learn how to budget, how to get out of debt & how to save money. We do this through 1-on-1 coaching where we teach you how to stop stressing about money & install systems that automate your finances. Once you have these money systems, you’ll be able to live debt-free, build wealth & achieve financial freedom. Join us to ditch the bad money habits & take control of your financial future. Shana & Vanessa are best friends, business partners and Ramsey Solutions Master Financial Coaches.