104 | Q & A How To Plan For Unexpected Kids Expenses In The Budget + Managing Children's Expenses + Introducing the Kids' Savings Buckets episode artwork

EPISODE · Jun 27, 2023 · 21 MIN

104 | Q & A How To Plan For Unexpected Kids Expenses In The Budget + Managing Children's Expenses + Introducing the Kids' Savings Buckets

from Financial Coaching for Women: How To Budget, Manage Money, Pay Off Debt, Save Money, Paycheck Plans

Snag Our Simplified Budget System! In today's podcast, we are answering a question from a client about how to deal with expenses that come up as it relates to children. We loved this mom's question & the realness of it: What do you recommend to do when you have children, and you enter a phase where every day there is a new expense?They grow out of shoes overnight and now require a purchase of $80 + shoes Two days later your other son needs new cleats because the ones he has now have a hole in them and can't play soccer with his toes hanging outTwo weeks later the soccer team decides they are switching leagues and require a $300 deposit plus $150 for the uniformAnd it just keeps going from there :) We GET IT. Been there, done that, wasn't in the budget, sent kids to school with holes in their shoes, all of the above! We also know:It's challenging to raise kids and budget at the same time, especially as the expense continues to climbThe expenses as it comes to kids can be unpredictableWe're telling you, again, about our concept of the kid's envelope and how it's going to save your life.We're also explaining how to set up a sinking fund for your kids and how you can estimate the annual cost of your kids.We also talked about how to set limits and say "no" when it's necessary.Connect With Us: 1️⃣ Facebook Group – Join the community. Our free group is where the real talk happens. Connect with other women who are learning how to budget, save, and finally feel in control, together. ➡︎ budgetbesties.com/facebook 2️⃣ Automate Your Budget Masterclass – Watch it now, no waiting. This FREE on-demand training shows you how to set up a budget that matches your lifestyle, without tracking every dollar or feeling restricted. ➡︎ budgetbesties.com/automate 3️⃣ Budget – Grab our Simplified Budget System! You don’t need another budget, you need a system that does the math, makes the plan, and gives you permission to spend. ➡︎ budgetbesties.com/budget 4️⃣ Private 1-on-1 Coaching – Get a plan and a coach. We’ll build your full budget system together, so you always know what to do and feel confident doing it. ➡︎ budgetbesties.com/coaching 5️⃣ Be on the Podcast – Free coaching, real convo. Come chat with us on the show! Get real-time financial coaching and help other women by sharing your story. ➡︎ budgetbesties.com/livecall "I love Shana & Vanessa and this podcast is amazing!" 👈🏻 If that sounds like you, please consider rating and reviewing our show! It helps us to reach more people – just like you – to help them change their financial future. Don’t forget to follow the show so you don’t miss any episodes! And, if you’re feeling really generous, we’d be SO honored if you would share this podcast with someone. Click here to view our privacy policy. This description may contain affiliate links, meaning we may get a commission at no cost to you if you click & purchase!

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104 | Q & A How To Plan For Unexpected Kids Expenses In The Budget + Managing Children's Expenses + Introducing the Kids' Savings Buckets

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This episode was published on June 27, 2023.

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