25 Smart Ways to Save on Daycare
Episode Details
Daycare costs more than rent in 16 of the nation’s 100 largest cities according to US Today. With this being such a difficult reality for many parents, I'm sharing 25 smart ways to save on daycare.
Also, Rachel Lawrence from Monarch Money shares how to budget as a couple and how Monarch Money can support the process.
RESOURCES
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25 Ways to Save on Daycare (Article): https://marriagekidsandmoney.com/ways-parents-save-money-daycare/
Monarch Money (Free Trial): https://www.marriagekidsandmoney.com/monarchmoney (affiliate)
GUEST BIO - Rachel Lawrence
Rachel Lawrence currently serves as the Head of Advice & Planning at Monarch, a collaborative personal finance app. She is also the founder of both Reverie Wealth and Plan Ventures. Before Monarch, Rachel worked as the Director of Coaching at Ellevest and Director of Financial Planning at Advizr. She is a certified financial planner and holds a Master of Science in Financial Planning. With over 15+ years of experience, Rachel has expertise in countless areas including budgeting, debt management, retirement planning, investing, and more.
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CREDITS
Research & Writing: Andy Hill
Podcast Artwork: Liz Theresa
Editor: Podcast Doctors
Podcast Management: Nev Maraj
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See moreIn this episode of the Marriage Kids and Money Podcast, host Andy Hill discusses two insightful topics for families looking to improve their financial well-being. First, he provides parents with 26 specific strategies to save money on daycare, a significant financial burden for many. Andy highlights options like using flexible spending accounts, bartering services, or even starting a home daycare. By applying these tips, parents might manage to cut down their daycare expenses considerably, bringing them closer to their financial goals. Additionally, in this episode's FinTech Spotlight segment, Andy welcomes Rachel Lawrence, Monarch's Head of Advice and Planning, to discuss budgeting as a married couple. Monarch is introduced as a modern money management tool designed to facilitate better financial planning for couples. Andy and Rachel emphasize the importance of collaborative budgeting based on shared core values and goals. The conversation also touches upon the benefits of financial therapy and encourages couples to maintain regular dialogues about their financial dreams.