Nikita & Joe'Mar discuss the importance of solid financial planning when it comes to having or starting a family. Each brings their own perspective (Nikita: inviting 2 new members for the first time; Joe'Mar: having 2 older children).In this episode, they discuss:Short & long-term goal settingValues-based budgetingTracking income & expenses, and adjusting when neededDifferent levels of mixed financesReducing & avoiding debtBuilding an appropriately sized emergency fundHealth insurance529 plans & UTMA accountsResources:Infant Expense SheetWhat's the real cost of having a baby? (Two Cents: YouTube)UTMA vs 529: Which Investing Account is Better? (YouTube Video)Financial Transitions That Come with Marriage (3rd Decade Podcast)Combining Finances (3rd Decade Podcast)Financially Literate Homes (Part 1) (3rd Decade Podcast)Financially Literate Homes (Part 2) (3rd Decade Podcast)Monthly Budgeting Template3rdDecade.org

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