Tag: budgeting

Episode 12 – Prioritizing Debt Payoff

Lanea and Crystal discuss various aspects of personal finance, focusing on the challenges of managing debt, the importance of budgeting, and strategies for avoiding financial pitfalls. They explore the behavioral aspects of debt, the impact of vehicle ownership on financial stability, and the considerations involved in mortgage decisions. The discussion emphasizes the need for a…
Episode 9 – Money Date Nights

Lanea and Crystal discuss the challenges of maintaining a relationship while navigating parenthood, particularly focusing on the concept of ‘money dates’—scheduled discussions about finances between partners. They explore the importance of financial communication, setting mutual goals, and the dynamics of spending and saving as a couple. The conversation also touches on the need for accountability…
Episode 8 – Setting Realistic Financial Goals

Crystal and Lanea discuss their approaches to budgeting, financial goals, and the challenges of managing finances as new parents. They explore the effectiveness of different budgeting systems, the importance of setting realistic goals, and the dynamics of financial planning within a partnership. They talk about the significance of emergency funds, planning for future expenses, and…
Episode 5 – The Role of Parents as Financial Role Models

Lanea and Crystal explore the impact of parents’ financial habits on children’s money skills. They discuss their own experiences and the lessons they learned from their parents. They highlight the importance of teaching children about budgeting, saving, investing, and making prudent financial decisions. They also discuss the need for developmentally appropriate financial literacy education and…
Episode 4 – Student Loan Debt

Summary The conversation revolves around the topic of student loans and the impact they have on individuals’ lives. Crystal and Lanea discuss their personal experiences with student loans, including the emotional and financial aspects. They also touch on strategies for managing student loan debt, such as paying off high-interest loans first and investing in the…
Preparing for Parenthood: A Blueprint for Welcoming Your Bundle of Joy

The journey to parenthood is one of the most transformative and rewarding experiences in life. Amidst the anticipation and excitement, however, lies a crucial aspect that often goes overlooked: financial preparation. Welcoming a child into your life comes with a significant financial commitment, and being financially prepared can alleviate stress, ensure a smooth transition, and…
Episode 3 – Navigating the Financial Stress of Having a Baby

Summary Crystal and Lanea discuss the financial stress of having a baby and share their personal experiences and tips. They emphasize the importance of being financially secure before having a baby and planning for the expenses that come with it. They discuss the unexpected costs of food and formula, as well as the expenses of…
Dreams to Diapers: A Pre-Conception Financial Guide

The decision to bring a child into the world is one of the most profound choices a couple can make. It’s a journey filled with love, anticipation, and a profound sense of responsibility. While the emotional and psychological aspects of parenthood are often discussed, the financial implications can sometimes be overlooked or underestimated. Preparing financially…
Episode 1 – Intro and Money Talks

Summary In this episode, Crystal and Lanea introduce themselves and discuss their backgrounds and current financial situations. They talk about the struggles parents face with day-to-day finances and the lack of necessary financial support from the government. They also share their experiences with infertility and the challenges of finding affordable childcare. Crystal discusses her recent…