Budgeting for a Baby with Chelsea Brennan (Smart Money Mamas)
The Jesse Mecham Show
YNAB
4.7 • 1.1K Ratings
🗓️ 28 April 2021
⏱️ 35 minutes
🧾️ Download transcript
Summary
While there's no way to prepare for being a parent without actually becoming a parent, you can prepare financially for the experience. Chelsea Brennan shares some tips on how to do this, and what kind of difficult conversations you need to have with your spouse and family as part of the process.
After a successful career as an equity analyst and hedge fund portfolio manager on Wall Street, Chelsea became a mom and followed a new passion in life -- helping other moms be more financially stable and reduce their money stress. Today she runs a website and podcast dedicated to this mission called Smart Money Mamas, with resources for helping moms define their values, have important conversations, and take steps toward securing their financial future.
Smart Money Mamas website: https://smartmoneymamas.com
Smart Money Mamas Podcast: https://smartmoneymamas.com/podcast/
Transcript
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| 0:00.0 | Hello Wine Abbers, my name is Jesse Meakin, this is podcast number 488 for Wine Abber. |
| 0:09.0 | We teach you four rules to help you stop a paycheck to paycheck, get out of debt and save |
| 0:13.0 | more money. |
| 0:14.0 | Today, I am pleased to have with me, Chelsea Brennan. |
| 0:16.6 | She is. |
| 0:17.6 | This is interesting. |
| 0:18.6 | This is very interesting. |
| 0:19.6 | She is a former hedge fund manager, but now she runs a, well, a whole bunch of stuff, |
| 0:25.5 | but she's the founder of Smart Money Mamas. |
| 0:28.2 | And specifically today, we want to talk about preparing for financially, because there's |
| 0:32.5 | no other way you can be prepared for having a baby. |
| 0:36.2 | And I'm experienced in this, but not as experienced as I thought I was as it relates to getting |
| 0:44.2 | prepared. |
| 0:45.2 | So we've had some killer content on this in the past, the idea of just kind of knowing |
| 0:50.2 | exactly what you're getting into when that little one is inbound is extremely important |
| 0:55.5 | because it can be intimidating. |
| 0:58.1 | On top of all of the other reasons why, especially the first is particularly difficult, it's, |
| 1:05.4 | you just want to make sure that the finances aren't an added stress, especially when you |
| 1:09.0 | have not had sleep for a long, long time. |
| 1:12.4 | So a little bit about Chelsea, as I said, she's the founder of Smart Money Mamas. |
| 1:16.9 | It's a monthly membership community, the motivated Mama Society. |
| 1:22.3 | And she's now just all about financial education, formerly a hedge fund manager, and she wants |
... |
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