Nikita & Joe'Mar discuss the importance of solid financial planning when it comes to having or starting a family. Each brings their own perspective (Nikita: inviting 2 new members for the first time; Joe'Mar: having 2 older children).

In this episode, they discuss:

1. Short & long-term goal setting
2. Values-based budgeting
3. Tracking income & expenses, and adjusting when needed
4. Different levels of mixed finances
5. Reducing & avoiding debt
6. Building an appropriately sized emergency fund
7. Health insurance
8. 529 plans & UTMA accounts

Resources:

Infant Expense Sheet

What's the real cost of having a baby? (Two Cents: YouTube)

UTMA vs 529: Which Investing Account is Better? (YouTube Video)

Financial Transitions That Come with Marriage (3rd Decade Podcast)
Combining Finances (3rd Decade Podcast)
Financially Literate Homes (Part 1) (3rd Decade Podcast)
Financially Literate Homes (Part 2) (3rd Decade Podcast)

Monthly Budgeting Template

3rdDecade.org