
In this episode, host Lalaina Rabary discusses financial planning for moms with guest Adrianna Adams, emphasizing the importance of auditing finances and setting goals.
Everyone has finances, but many of us aren’t sure where to begin with planning them. Now is the time to let go of any fear of numbers and start preparing for the future. In this episode of Momcozy Village: Together We Grow , host Lalaina Rabary sits down with Adrianna Adams, Head of Financial Planning at Domain Money. Together, they discuss the key steps moms should take now to secure their future and plan their finances effectively. The first and most critical step is to audit your finances in full. That means ingoings and outgoings, savings - everything needs to be accounted for, and you need a clear and honest picture of your finances before you can thoroughly plan. Secondly, what are your long-term and short-term goals? These may involve adding another child to your family or moving to a bigger place, but the main thing is to know what you're dealing with. Many moms also overlook estate planning, including drafting a will and appointing a power of attorney. This matters because parents want to make sure their children are cared for if anything happens to them. A common question parents have is: How much does it take to raise a baby? The answer isn’t simple because it depends…
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