Financial Advice for Parents

Financial Advice for Parents

Did you know it will cost a middle-income couple slightly more than $245,000 to raise a child born in 2013 to the age of 18.?!  On this episode of Yoga | Birth | Babies, I speak with financial advisor, Amy Brackett.  She and I discuss the daunting task of getting personal finances in order for the transition into parenthood. For anyone who is not already a financial advisor, this podcast will help demystify how much childhood really costs and how to best plan and prepare for it!

In this episode:

  • What brought Amy to this line of work
  • Some of the biggest mistakes you see new parents do in terms of their finances
  • Planning financial goals post baby- areas new parents should consider and focus on
  • Affording childcare : planning and budgeting for the early years before full day schools
  • Is there a rule of thumb for how much to save?
  • The best way for a parent or guardian to go about savings for college-
  • Planning retirement and college funds a the same time! i
  • How much to have in an emergency fund
  • Tips for estate planning and wills


About Amy:

Amy Brackett, CFA, is a Senior Vice President at The Solaris Group, a specialized wealth management and investment consulting firm which manages money for individuals, families and non-profit institutions. Amy is involved in all aspects of the client relationship including asset allocation and manager selection, and is a member of the Solaris Investment Committee.

Amy serves on several Boards and Finance Committees including the Board of Bowery Babes, a group for moms living in downtown NYC.”   She also writes articles on personal finance topics relating to families at


Amy lives in Manhattan with her husband and two children.

You can contact Amy at

or 917-566-3811

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