420: 8 Money Moves Every New Parent Needs to Make Right Now
The Clever Girls Know Podcast With Bola Sokunbi
Bola Sokunbi
4.8 • 931 Ratings
🗓️ 5 May 2026
⏱️ 9 minutes
🧾️ Download transcript
Summary
New Book - Clever Girl Millionaire;
If you just had a baby, or you're about to, your life has changed in a big way. And your finances? They've changed too. In this episode, I'm breaking down 8 essential money moves every new parent needs to make right now to protect their family and build long-term financial security.
These are practical, real-life steps you can take immediately—even if you're exhausted and short on time. Because the truth is: the decisions you make in these early months can have a lasting impact on your financial future.
You'll learn key tips on:
- How to update your budget for your new reality
- Why your emergency fund needs to grow—and by how much
- What to know about adding your baby to health insurance
- Why life insurance is critical once you have a child
- Updating your beneficiaries and create a will
- Starting to save for college with a 529 plan
- Thinking through your income and career plan as a parent
- Why automating your savings is a game-changer
For new and expecting parents:
Whether you're a new mom, expecting your first baby, or growing your family, these money tips will help you feel more confident and prepared with your finances.
More Clever Girl Finance Resources:
👋 New to Clever Girl Finance? Start here:
https://clevergirlfinance.com/start-here
❤ Get the best-selling Clever Girl Finance Books: clevergirlfinance.com/books
❤ Get access to 30+ free courses, worksheets, savings challenges, and our favorite banking resources: clevergirlfinance.com/course-packages
❤ Read the Clever Girl Finance Blog: clevergirlfinance.com/blog
❤ Follow us on Instagram: @clevergirlfinance
Transcript
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| 0:00.0 | So you just had a baby or you are about to. Congratulations. I know your life right now is full of love, |
| 0:06.6 | exhaustion, maybe some tiny onesies. And this is an overall great experience. However, your financial |
| 0:13.2 | life is also changing or about to change. And so it's really important that you make |
| 0:17.8 | specific money moves because the decision you make around your finances |
| 0:21.3 | right now can have a significant impact on your family's financial future. So I'm going to talk |
| 0:26.7 | about eight money moves that you should consider making now that you are about to have a baby or |
| 0:31.4 | just recently had a baby. And I'm going to keep it practical and real because I know time is not |
| 0:35.7 | something you have a lot of right now. |
| 0:44.4 | Welcome to the Clever Girls No podcast. I'm Bola Shokunbi, founder of Clever Girl Finance. |
| 0:51.2 | This podcast is your space for real relatable conversations about money, business, and building wealth, |
| 0:55.9 | without shame, without judgment, and without confusion, especially as women navigating real life and real responsibilities. If you're ready to take your finances to the |
| 1:01.4 | next level and build real lasting wealth, my book, Clever Girl Millionaire, will walk you through |
| 1:07.0 | exactly how to do it with Claire Steps, Proven Strateg strategies, and the mindset shifts that make it all stick. |
| 1:13.8 | You can find it at Clevergirlfinance.com forward slash books. Now let's get into the episode. |
| 1:20.7 | So let's get into those eight money moves that you should be making if you're about to have a baby |
| 1:25.5 | or have recently expanded your family with a new |
| 1:28.5 | little one. Number one, update your budget immediately. So your expenses have just increased or |
| 1:35.1 | they're about to increase and sometimes even significantly. So I'm talking about childcare, diapers, |
| 1:41.8 | healthcare, baby care, all of these costs can add up into a big deal. |
| 1:46.8 | So it's important that you revise your budget to reflect your new reality and determine what |
| 1:51.9 | opportunities you have to cut back on things that you no longer need or no longer use so that you can |
| 1:56.7 | fit these new expenses for your child into your budget without too much stress? |
... |
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