#35: Financial Planning for Parenthood: What I Wish I Knew Before Having Kids

In this episode of Wealth Para Todos, host Rita-Soledad Fernandez Paulino, a queer Mexican-American money and self-care coach, addresses the complexities of family planning and financial considerations. Inspired by a listener's question, Soledad shares their personal journey of becoming a parent, the financial challenges they faced, and the importance of community support. The episode covers the unique financial aspects for heterosexual couples, couples using IVF, and queer couples, providing detailed insights on medical costs, childcare expenses, life insurance, and legal considerations. Soledad emphasizes the significance of intentional financial planning while understanding that unforeseen circumstances can arise, and they offer practical advice for creating stability and peace in the process of growing a family. 00:00 Introduction and Mission 00:21 Inspiration for the Episode 01:12 Personal Journey to Parenthood 10:16 Financial Planning for Parenthood 14:55 Expenses for Heterosexual Couples 19:09 IVF and Fertility Costs 20:45 Queer Family Planning 23:59 Final Thoughts and Encouragement 24:28 Podcast Promotion and Services 25:56 Conclusion and DisclaimerBook a Discovery Call to Learn More About 1:1 Coaching w/SoledadSign-up for Roth IRA Office HoursFollow me on InstagramSubscribe to my email list