PB59: Kids Cost What?!

The Money Minute

A @PayBalances listener asks, "how would you change your budget if you had children?" We found that as of 2017, it costs up to $233,610 to raise a child from ages 0 to 17! We discuss how we would proactively adjust our personal finances when a little (HYPOTHETICAL!) bundle of joy is on the way: Start the 9-month clock and begin adjusting and testing our new family budget before the arrival of the baby. Review our insurance plans to make sure we have enough to care for everyone, not just ourselves. Why we would immediately start planning and saving for our child's college fund.

This Week In Work

How to improve your online job searches and recruiter contacts on LinkedIn using Boolean search strings. Rich provides a step-by-step breakdown of how to use search strings to tailor your job search and improve your online job profile. We discuss how to network and navigate LinkedIn when a recruiter or company of interest visits your personal profile. References The 2017 Cost of raising a child: $233,610 Would-Be Parents Underestimate and Unprepared for Potential Costs of Raising a Baby Business Insider: Parents Reveal What To Do With Money Before Having Kids The Simple Step That Led to My Fiancé Getting 9 Recruiter Calls in One Week A Step by Step Guide To Understanding and Using Boolean Search Strings in Your Job Searches and Online