Hack Your Wealth

6 budget items that soar when you start a family & how to save on them


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#37: It costs a pretty penny to raise a kid. 

I knew my expenses would go up with a kid in tow, but looking back I underestimated exactly how much they would go up by.

Hmm. “Go up” isn’t quite the right word. “Blow up” is a bit more accurate. 

That’s because kids are like vacuum cleaners: they clean your budget out.

In this week’s podcast, I share what I’ve learned, using direct examples from our own budget, about how our expenses blew up after starting a family.

What you’ll learn:

  • 6 expenses that explode when your bouncing baby arrives
  • How much you can roughly expect your costs to increase with a kid in tow
  • Some practical tips on how to reduce those costs and save money

What’s been your experience with budgeting and expenses after having a kid? Any other expenses that ballooned after you had a kid? Did your costs increase by similar percentages as mine? Let me know by leaving a comment when you’re done.

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Links mentioned in this episode:

  • House Hacking San Francisco Bay Area style
  • HYW private Facebook community

Intro/Outro: Old Bossa by Twin Musicom.

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Hack Your WealthBy Andrew Chen

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