16 things I did to prepare my finances for parenthood, part 1

[laughs] Um, all of the things that I did or that my partner and I did to prepare financially for parenthood.

Now, before you click out of this episode, though you probably wouldn't have clicked onto it if you weren't gonna listen, but stay with me.

Even if you're not at the point in your life where you're planning kids or you don't even know if you ever wanna plan to have kids or whatever, um, if that's just not something that's, like, on your radar, stay with me with this because a lot of these things I think can be applied to taking any kind of time out of the workforce.

Not all of them.

Some of them are obviously parenthood specific.

But I think just in general the thought process behind planning for a major disruption to your life, your work, your income, your finances, your savings capacity, especially against the backdrop of economic turmoil.

I don't know.

I would personally find this interesting even if I wasn't specifically planning for parenthood.

Of course the major caveat to that is, of course, if this is a difficult conversation for you right now, do not ... you know, don't put yourself through it.

Uh, look after yourself, listen to something lighter, and I hope to be back in your ears, um, with a different topic that is, uh, more emotionally safe for you right now.

The other reason I really wanted to record this episode is because I see a lot of generic stuff about preparing to have a baby online, and it's ... you know, it's good, like, textbook stuff.

You know, save an emergency fund, blah, blah, blah.

It's all really good, but it's not the gritty of what people are actually doing, and it's not the weird ...

N- not even weird.

Like, there's nothing, you know, that unusual in here, but it's just like I, I think that these things are more interesting than your stock, standard, like, save up expenses.

Like, this is how we literally prepared for this financially from as many angles as I could possibly think of as someone who works in the financial space, obviously talks about money every single day.

And also, again, as somebody who doesn't have a massive, massive income.

I don't know if you'll know what I mean by that, but a lot of the stuff I sort of see online, especially when it comes to, like, covering the cost of childcare, I'm like, um, just based on what you're paying in childcare, you're obviously making a lot of money.

[laughs] And so I just ... like, I know that, you know, a high income doesn't mean that you have high disposable income.

High income comes with high costs of course.

But sometimes I find myself a little alienated by some of these things.

Um, you know, or we lived on one income, for example.

Um, you know, just not possible for a lot of people.

So yeah, I guess to sort of set the stage, my partner and I, we're not in a relationship where he has like a jacked salary and mine's, like, okay.

We, we're ... like, we're very lucky.