Episode 241: Knowing the Cost of Raising a Child with Lori Atwood

Episode 241: Knowing the Cost of Raising a Child with Lori Atwood

From Financial Freedom Podcast by Steven J. Richardson, Esq.

January 23, 2026 · 45 min · Episode 241

About this episode

This episode discusses the financial implications of raising a child and how to plan for them with insights from Certified Financial Planner Lori Atwood.

Having your first child is a wondrous event for a married couple as they start a family. There's lots of celebration surrounding it. But the cost of raising that child after its born is something that involves lots of advanced planning to avoid serious stress to your finances (and financial freedom) going forward. So how much does it cost to raise a child these days? To answer that question I talked with Certified Financial Planner Lori Atwood to identify those costs and what people can do to plan for them. In this episode you will learn: The kinds of financial changes soon-to-be parents should expect How to determine how those changes will affect you specifically How to start making changes to your financial plan to adapt to these changes The best ways to prepare for these changes How these costs change as the child get over, and how you can adapt to them

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