There’s so much to consider when you’re preparing to bring home your bundle of joy, it can be tough to think about money. Money management in parenthood goes so far beyond just paying for diapers and car seats. The healthy money habits you model will positively affect the way your child thinks about money as they grow.

Today’s guest, Chelsea Brennan, is the founder of Smart Money Mamas, a community and platform where moms can learn how to make their money work for them and embrace their ambitions so they can live their fullest lives. An ex-hedge fund manager, Chelsea is now a financial educator who is dedicated to changing the way we talk about money. Her monthly membership community is a place where moms can come to learn to build a positive relationship with wealth.

In this Episode, You’ll Learn About:

-When should you start thinking about money

-How austerity can be counterproductive to healthy money management

-How wealth can be looked at in terms of Maslow’s Hierarchy of Needs

-How to think about money differently

-How men and women often approach money differently

-Why it is important to find out the details of your maternity leave in advance

-How important it can be to plan for worst case scenarios with estate plans and life insurance

-What are some ways to budget for and reduce medical bills

Full website notes: drnicolerankins.com/episode138

The New Money Mama Plan (affiliate link)

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