#38: With all the ways your budget can explode after you start having kids, what can you do in advance to better prepare financially to reduce the financial stress that comes with starting a family? 👶

In this week’s podcast, I deep dive on this with Kevin Mahoney, founder of Illumint, a financial planning company focused on helping millennials in their 20s-30s navigate family finances.

We discuss:

• Why money so often causes marital strain and conflict
• The big money-related questions to ask that will help you understand your partner’s financial philosophy and values
• Why it’s important for both spouses to lean in equally when it comes to family finances
• The biggest ways your finances change after having a baby
• Concrete actions would-be parents can take to prepare financially for a family
• When and whether to buy life insurance

How did you prepare financially for starting a family? For getting married? What would you have done differently? Let me know by leaving a comment.

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Links mentioned in this episode:

• Illumint
• Lifehappens.org - for estimating life insurance coverage
• HYW private Facebook community

 Intro/Outro: Old Bossa by Twin Musicom.