How To Financially Prepare for a Baby with Chelsea Brennan

How To Financially Prepare for a Baby with Chelsea Brennan

Having a baby is expensive! So, how can we prepare for the expected and unexpected costs that come with having a child?

In this episode of Yoga| Birth| Babies I speak with financial educator and founder of Smart Money Mamas Chelsea Brennan. From getting a clear picture of your current financial state, to understanding how to prioritize and prepare for baby expenses, Chelsea gives simple exercises that will help you understand your family money values, how to choose a money mantra, and how to prepare for the many expenses that come along with parenthood.

I suggest you grab something to take notes with when you listen to this episode, I know I did!

In this episode you will learn:

  • About Chelsea, how she ended up in finance and why she decided to leave to become a financial educator.
  • How you can get a clear picture of your financial state.
  • How to prioritizing spending and prepare for baby expenses.
  • Family money values, how to know what yours are.
  • What to do if you and your partners money values don’t align.
  • Money Mantras: what they are and how they can help you reach your goals.
  • What new parents need to learn ahead of time about maternity/paternity leave.
  • How new parents can start to plan their expenses once baby arrives into the family.
  • How to start a college fund for your child.
  • Considerations when planning for a “worst case scenario” like job loss, illness, death, etc. 
  • As kids get older, ways to teach them financial responsibility and planning. 
  • One tip/piece of advice Chelsea would like to offer new or expectant parents.
  • Where you can find Chelsea’s work. 

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About Chelsea:

Chelsea is the founder of Smart Money Mamas and its monthly membership community, the Motivated Mama Society. An ex-hedge fund manager turned financial educator, she is dedicated to changing the way we talk about money, helping moms connect with all aspects of their money in a way that lets them overcome emotional blocks, identify what they most want, and create the healthy money habits that help them achieve their biggest goals. All while modeling positive money relationships for the next generation.

Chelsea lives in Connecticut with her husband (a rockstar stay-at-home dad) and two young and energetic boys.

Additional Resources:

Connect with Chelsea:

  • Don’t forget to grab your FREE guide, 5 Simple Solutions to the Most Common Pregnancy Pains HERE 

  • If you love what you’ve been listening to, please leave a rating and review! Yoga| Birth|Babies

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