Preparing Your Finances as You Grow Your Family
The Baby Budgeting One-Time Financial Plan
Price: $499
Expanding your family can significantly impact your household finances. Your immediate budget needs to accommodate numerous new expenses: diapers, clothes, formula, and healthcare costs. And then there are the long-term costs — childcare, activities, and education, to name a few.
So, what’s the key to preparing financially for your new baby? How should you alter your budget? Should your savings plan change? And what about health and life insurance?
These financial questions can feel stressful, but they don’t have to be. All you need is a plan — and that’s where we can help. Our Baby Budgeting Plan is designed specifically to help you get your finances in order as you prepare for the arrival of your little one.
The Baby Budgeting One-Time Financial Plan
Traditional financial planning can help you prepare for expanding your family, but it’s not the only option. We created the Baby Budgeting Plan to give you personalized financial advice and a customized road map for an affordable one-time fee.
When you purchase a Baby Budgeting Plan, you’ll work directly with a financial advisor to get your finances in place for this exciting phase of life. Our team will help you understand the big-picture state of your finances and help you feel confident that everything is in place for your family and your child.
Specifically, we’ll work through three essential aspects of your finances:
- Budgeting: Account for all the new expenses of your growing family, from diapers and childcare to college savings
- Estate planning: Make sure you have a will and other essential documents
- Life and disability insurance: Ensure that your family will be provided for no matter what happens
You won’t get generic advice or a one-size-fits-all plan; you’ll get personalized direction for your specific financial situation.
The Baby Budgeting One-Time Financial Plan
Here’s What You’ll Receive From Guiding Wealth:
- One call with a highly trained financial planner: Review your goals and numbers before we dive into your family’s new budget
- Recommended actions to start right away: Suggestions for adapting your personal finance habits
- Detailed financial plan: A written plan that covers all the steps to take as you prepare your finances for your new baby
- Financial forecast: What to expect financially during each stage of baby planning: pregnancy, postpartum, and raising your child to adulthood
- Personalized advice: Tips to help you stay on track with your new financial plan
- Will builder: We’ll give you free access to wealth.com’s will-building tool so you can create documents that protect your family
Frequently Asked Questions
Why get a Growing Family Budget from Guiding Wealth?
Our founder, Hannah Moore, CFP®, is passionate about making financial planning more accessible via innovative solutions and new approaches. She’s spent her entire career helping to make financial planning more inclusive for planners and clients. Everything we do at Guiding Wealth reflects this goal of finding new ways to support more people through impactful financial planning. Our one-time financial plan services support new planners via The Residency and give clients from all walks of life the chance to benefit from expert financial advice.
What is the cost of a Growing Family Budget?
You’ll pay a one-time fee in the range of $299-$499 (depending on your unique needs and financial situation).
Can I do a Growing Family Budget and then move into financial planning later?
Absolutely. We’re here to support you in whatever way works best for you. If you’re interested in ongoing services after a one-time plan, simply let your financial planner know! Alternatively, you can email us at [email protected] and we can start the transition with you.
How long does a Growing Family Budget take?
It usually takes a few weeks, depending on how soon you schedule your consultation. Once you sign up, you can schedule your 60-minute meeting with a financial advisor. During the call, your planner will tell you when to expect to receive your plan and other resources.