Family Planning - Talking Numbers Not Nappies
5/7/202619 min
Parenthood changes everything- including your bank balance.
With shifts in your income, sleep deprivation and little ones to care for, how do you make sure your money is working as hard as you are? From parental leave rights and pension gaps to childcare costs and budgeting on a tighter income, the financial side of starting a family can feel overwhelming. But it doesn't have to.
In this episode of A Little Bit Richer, our host Iona Bain is joined by Katie Guild, mum and co-founder of Nugget Savings - the online financial community, offering membership, masterclasses and the tools to help parents forecast and plan whilst navigating their money and their rights
Together they explore all the financial aspects of starting and raising a family, childcare support and ways to thrive while balancing it all. So whether you're thinking about starting a family, already expecting or in the thick of those early years- this one's for you.
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You can play the podcast and find other useful content on L&G’s website:
https://www.legalandgeneral.com/podcasts/a-little-bit-richer
For more information on managing finances and your rights when starting a family, check out Nugget Savings website
Iona and her guests share their own personal thoughts and opinions in this podcast. These might be different from L&G’s take on things. They give financial guidance for a UK audience that’s relevant at the time of recording. It’s general best practice, not the kind of personalised advice you’d get from a financial adviser.
See omnystudio.com/listener for privacy information.
Clips
Transcript preview
First 90 secondsKatie Giles· Guest0:00
This series is brought to you by L&G, helping you build a future that's a little bit richer.
Iona Bain· Host0:04
[upbeat music] Hello, and welcome to A Little Bit Richer with me, Iona Bain, brought to you by Legal & General. Now, starting and raising a family is one of the most life-changing experiences we go through. And parenthood doesn't just disrupt your sleep schedule, it completely reshapes your finances too. With changes to your income and little people to take care of, how do you also take care of your finances during this time? Today's episode is for those who are starting a family or might be thinking about it, and we'll be exploring your parental leave rights, pay, and pensions, as well as looking at budgeting, childcare support, and ways to thrive whilst juggling it all. Joining me to break everything down is Katie Giles, mom and co-founder of Nugget Savings, a brilliant online financial community offering membership, master classes, and the tools to help parents forecast and plan whilst navigating their money and their rights. Hi there, Katie.
Katie Giles· Guest1:00
Hi.
Iona Bain· Host1:00
Thank you so much for joining us.
Katie Giles· Guest1:02
Thank you so much for having me.
Iona Bain· Host1:03
Let's start with a quick explanation for anyone who's thinking about starting a family, who's already expecting a baby, who maybe h- has already become a parent. What do they need to know to help them navigate this brave new world? Do you think you can do that in 30 seconds?
Katie Giles· Guest1:19
Yeah, I'll give it a go.
Iona Bain· Host1:20
Okay. Three, two, one, go.
Katie Giles· Guest1:24
So with every big life event, like getting married or buying a house or starting a business,