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Map Out a Financial Plan
Having babies should be fun and free. If you’re walking this road, it’s likely neither of these things for you. The financial strain that fertility treatment can put on a couple just adds to an already incredibly hard road. In this episode, I introduce you to my friend Adam Parsons. He’s a financial coach over at AP Financial Coaching. Adam and his wife Michelle went through IVF in 2020 at CCRM and just welcomed their precious miracle girl. Over the last year, Adam has become a friend and a trusted resource as we have developed a lot of financial tools to help other couples walking through IVF. We cannot wait to share those tools with you this year.
Here are Adam’s tips to map out a financial plan for treatment:
Know where you are.
We can’t create a plan to get where we want to be until we know where we are now.
A great tool is a net worth statement or a “where are you now” statement.
Setting a budget also helps you determine how much money you have available each month to put toward treatment. Download Adam’s free budget template here.
Understand your why.
Be specific. It needs to be more detailed than just “I want a baby.”
Use this time to set good financial habits and work together toward a greater goal.
Use SMART goals: specific, measurable, achievable, realistic & timely
Automate as much as you can.
Save first. Create a plan. Then, automate the plan.
Encouragement:
“The first thing I would encourage you to do is to focus on that why. That is a very important piece. It seems small because you know what your why is internally, but sitting down with each other and writing it out will be the cornerstone that you can come back to when things get hard.”
- Adam Parsons
Links:
Get coached by Adam: https://www.apfinancialcoaching.com/
Ad: https://www.megansmalley.com/givegracebook
Ad: https://www.theovercomejournal.com/
If you love this podcast, I’d really appreciate it if you’d hit the subscribe button and leave me a 5 star review. These simple things help others find us and help support this ministry so we can keep providing free content for you.
For all the latest information, helpful resources, announcements about new season launch dates and to join our free online community, visit www.theinfertilitysisterhood.com and make sure to follow us on Instagram (@theinfertilitysisterhood / @megansmalley).
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By Give Grace
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Having babies should be fun and free. If you’re walking this road, it’s likely neither of these things for you. The financial strain that fertility treatment can put on a couple just adds to an already incredibly hard road. In this episode, I introduce you to my friend Adam Parsons. He’s a financial coach over at AP Financial Coaching. Adam and his wife Michelle went through IVF in 2020 at CCRM and just welcomed their precious miracle girl. Over the last year, Adam has become a friend and a trusted resource as we have developed a lot of financial tools to help other couples walking through IVF. We cannot wait to share those tools with you this year.
Here are Adam’s tips to map out a financial plan for treatment:
Know where you are.
We can’t create a plan to get where we want to be until we know where we are now.
A great tool is a net worth statement or a “where are you now” statement.
Setting a budget also helps you determine how much money you have available each month to put toward treatment. Download Adam’s free budget template here.
Understand your why.
Be specific. It needs to be more detailed than just “I want a baby.”
Use this time to set good financial habits and work together toward a greater goal.
Use SMART goals: specific, measurable, achievable, realistic & timely
Automate as much as you can.
Save first. Create a plan. Then, automate the plan.
Encouragement:
“The first thing I would encourage you to do is to focus on that why. That is a very important piece. It seems small because you know what your why is internally, but sitting down with each other and writing it out will be the cornerstone that you can come back to when things get hard.”
- Adam Parsons
Links:
Get coached by Adam: https://www.apfinancialcoaching.com/
Ad: https://www.megansmalley.com/givegracebook
Ad: https://www.theovercomejournal.com/
If you love this podcast, I’d really appreciate it if you’d hit the subscribe button and leave me a 5 star review. These simple things help others find us and help support this ministry so we can keep providing free content for you.
For all the latest information, helpful resources, announcements about new season launch dates and to join our free online community, visit www.theinfertilitysisterhood.com and make sure to follow us on Instagram (@theinfertilitysisterhood / @megansmalley).