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

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

⁠Grab Our Signature Budget Template Now!⁠

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 out
• Two weeks later the soccer team decides they are switching leagues and require a $300 deposit plus $150 for the uniform
• And 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 climb
• The expenses as it comes to kids can be unpredictable

We'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.

4 Ways To Connect With Us:

1️⃣ FREE CALL: Book your FREE 20-Minute Financial Coaching Call now! Get personalized advice and start your financial journey ➡︎ https://www.budgetbesties.com/freecall

2️⃣ FACEBOOK: Become part of our Supportive Facebook Group. Connect, share, and learn with others mastering their budget skills ➡︎ https://www.budgetbesties.com/facebook

3️⃣ BUDGET: Grab our Signature Budget Template! It's your key to organizing and optimizing your finances effectively ➡︎ https://budgetbesties.com/budget

4️⃣ COACHING: Ready to dive deep into your finances? Sign up for 1-on-1 or Group Financial Coaching. It’s the accountability and guidance you need to make real progress ➡︎ https://budgetbesties.com/coaching

"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!