Financial Steps Before Starting a Family

As we start to think about starting a family, are we taking the right steps to ensure a smooth financial transition? Have a money question? Email us ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠here⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ https://www.jillonmoney.com/contact Subscribe to ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Jill on Money Newsletter⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ https://www.jillonmoney.com/newsletter/substack YouTube: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠@jillonmoney⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ https://www.youtube.com/c/JillSchlesinger Instagram: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠@jillonmoney⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ https://www.instagram.com/jillonmoney "Jill on Money" theme music is by Joel Goodman, ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠www.joelgoodman.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ http://www.joelgoodman.com/.

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• 1:06Speaker 02

  Welcome to the Jill on Money Show. It's Wednesday, November 11th, and we are here answering your financial questions. If you've got one, just go to jillonthemoney.com, click the Contact Us button, and write us a note. If you'd like to join us live, check the box. Mark will do everything else. While you're on the website, don't forget to sign up for the free weekly newsletter. Comes out every Friday. Love for you to get that. It will also entitle you to our blog. Right now, let's talk to Hugh from Chicago.

• 1:31Speaker 03

  So, the reason that I reached out to you guys is my, my wife and I got married just about six months ago, and we're, we're starting to think about starting a family. So I thought it was a good time to check in with you and see if we're, we're making the right kind of steps towards doing that. And, and part of that also being that my wife is planning on leaving the workforce to be a stay-at-home mom once that we do go through that transition. So that was kind of the, the reason for, for reaching out.

• 2:01Speaker 02

  Six months married and you're ready to take the plunge. I love that. How old are you, Hugh?

• 2:07Speaker 03

  I'm 31.

• 2:08Speaker 02

  And how old is she?

• 2:10Speaker 03

  She's 33.

• 2:11Speaker 02

  Okay. And I'm hoping that you're going to tell me that you make piles and piles of money so that she can easily step aside out of the workforce for this period of time. So how many piles do you have? What are you earning these days?

• 2:25Speaker 03

  So right now, my gross yearly income is 115, but I just found out that I'm getting a pretty sizable bump this year for my, my merit increase, and I'm going to be at 140.

• 2:38Speaker 02

  Whoa, that's a big change.

• 2:40Speaker 03

  Yeah, it's, it's a, it's a nice, it's a nice bump.

• 2:43Speaker 02

  All right, I'm doing 140. And does your company or organization have a retirement plan?

• 2:49Speaker 03

  Yeah, we have a 401K.

• 2:51Speaker 02

  And are you contributing the maximum to that?

• 2:54Speaker 03

  Yeah, to, to get the, the full match. I think our match is about 3%.

• 2:58Speaker 02

  So when you say, I'm asking you the maximum, you're telling me you put in 3% or 6%?

• 3:03Speaker 03

  That's a good question. I, I probably put in more than what the match is. I just make sure that I at least clear whatever I need to, to get the full match.

• 3:11Speaker 02

  Usually, the reason why I ask that is in many organizations, the 401K match is, it's a weird calculation. It's usually like, we give, will match 50 cents on the dollar up to 6%. That's like a very common way. I want you to check that out to see how, I want to see how much you're putting in there. How much is in the actual 401K right now?

• 3:32Speaker 03

  So right now, my balance to date is, is about 35, 36K.

• 3:38Speaker 02

  Okay, got it. Your wife, how much is she earning now? And does she have a retirement plan as well?

• 3:45Speaker 03

  Yeah, so she's around 50K right now. And she has in her 401K, the balance is around 20, 24K.

• 3:55Speaker 02

  Okay, good. Where do you guys live? Do you rent? Do you own? What's your situation?

• 4:00Speaker 03

  Yeah, so we own a house on the south side of Chicago.

• 4:03Speaker 02

  And how much do you figure it's worth?

• 4:06Speaker 03

  It's been all over the place the past couple of years, but I would say somewhere around 250.

• 4:13Speaker 02

  Do you have a mortgage on it?

• 4:14Speaker 03

  Yes.

• 4:15Speaker 02

  How much is the outstanding amount?

• 4:17Speaker 03

  We currently owe 145 on it.

• 4:19Speaker 02

  Oh, that's good. And what's the interest rate on that?

• 4:23Speaker 03

  It's sub 3%. I think it's like two and three quarters.

• 4:27Speaker 02

  Wow. How is your cash flow based on the combined income right now? Like, do you have any other debt? Are there student, student loans? Are there car loans? What else is going on in your life?

• 4:39Speaker 03

  We don't have any debt outside of the house. So, so for the most part, any additional cash we have right now is going either into savings or into my Roth. I think those are really the primary places.

• 4:53Speaker 02

  Tell me how much is, when you said the 401K, that's separate than your Roth, right?

• 4:58Speaker 03

  Correct, yes.

• 4:59Speaker 02

  What's, how much is in your Roth?

• 5:01Speaker 03

  Currently, I have about 9,000 in my Roth.

• 5:05Speaker 02

  And what about your wife? Does she also have a Roth?

• 5:07Speaker 03

  She does. We just opened it. There isn't really anything in there yet. I just essentially opened it so that, so that she has that, that initial date for, when she started contributing.

• 5:17Speaker 02

  Perfect. How much do you guys have in savings right now?

• 5:19Speaker 03

  So I have, in my savings account, I have about 13K. And then I also have about 10K in I-bonds that I kind of include as, as part of that savings.

• 5:30Speaker 02

  Great. And what about your wife?

• 5:32Speaker 03

  She has about five grand in savings right now.

• 5:35Speaker 02

  Okay. So what do you figure you need to live on? Like, when you look at your expense, one of the things that's so hard about having a kid is that, you know, you're going to lose this income, but you know, maybe some of your expenses are going to go up. Maybe not. Mark says the first couple of years are not as bad. But what do you think you're spending right now, just the two of you?

• 5:55Speaker 03

  That's a good question. So I would say monthly, between controllable and uncontrollable expenses, I would say about four grand a month.

• 6:08Speaker 02

  I wrote four to five. That was so good of me. I just, what I wrote down, four to five is, was my guess. So we know we're going to lose your wife's income eventually, not yet, right?

• 6:18Speaker 03

  Yes, yeah, I assume she'll, she'll go on maternity, and then once maternity runs out, she'll just leave.

• 6:23Speaker 02

  Okay. So here's the thing. For right now, you know, you're young. I need you guys to stockpile some more cash during this period. My suggestion is for right this minute, while she's still making her 50, right? And you've got this big raise, which is a real raise, right? You know, you're making another 25 grand a year. I think you should put in up to the match for both of you. Whatever that matches. And let's get really clear about that, Hugh. And it, you know, if it's 6%, if it's 3%, whatever it is, I want up to the match. You both have up to the match. No more than that, though. No more. And then I want you to build up your savings accounts, because right now you have, you know, 18,000 between the two of you.

• 7:06Speaker 02

  I think that when you look at a spend of four or five grand a month, let's say it's five grand a month, I'd like you to have 30, $40,000 in safe assets. I just really think it will give you a much easier transition to one income if you have a bigger base. All right? Now, presuming everything goes fine and dandy, I hope I'm wrong. You're like, oh my God, I have so much money in cash. We didn't spend any of it. Great. Then once you have the kid, you start pushing up your contribution into your 401K. Just keep, you know, ticking up, ticking up. Do you have a Roth option for a 401K at work, or is it only a pre-tax?

• 7:49Speaker 03

  It's only pre-tax. That's why I opened my own personal Roth.

• 7:52Speaker 02

  Yep. Okay. Well, I mean, again, for this year, or whenever the baby comes, you may pull back a little bit. I, I know it would be good, to me, it's like up to the match in the 401K, use the Roths for both of you, and then every extra dollar goes into cash. And then you reassess. Now, you're not pregnant yet, right?

• 8:11Speaker 03

  No, not yet.

• 8:12Speaker 02

  Okay. Here's the other thing. Do you guys have life insurance?

• 8:15Speaker 03

  Not yet, no.

• 8:16Speaker 02

  Okay, here is a little known secret. Go get your life insurance right now, especially for her. Once you are pregnant, it is possible that you get raided, meaning that they say, oh, things happen when you get pregnant. You know, you get this, you get that. So go get yourselves, I'm going to say a million dollars of term life insurance, at least for you, and let's do it for her. It'll be cheap. You're both healthy?

• 8:42Speaker 03

  Yeah.

• 8:43Speaker 02

  All right. Go get a million dollars of coverage for, you know, 20-year term. You're going to have more than one kid, you think?

• 8:50Speaker 03

  I, I hope so. I have to, I have a little convincing to do on that front.

• 8:53Speaker 02

  Oh, boy. It's very bad to bring up number two when one, one is not there yet, right?

• 8:58Speaker 03

  Sure.

• 8:59Speaker 02

  Yeah, okay. So let's get a million dollars of term life insurance for each of you, 20 years, fine. Other than that, it is probably worth, you know, maybe not this second, but you're going to want to get your estate documents done. It's not a bad idea to do it right now, anyway, just to get something called like a sweetheart will. I leave you everything, you leave me everything, just to have that straight up and done. And then a healthcare proxy and a power of attorney. And when the baby comes, then you have to start talking about guardianship, and that's when the fights start, but I think you'll be okay.

• 9:32Speaker 03

  Okay.

• 9:33Speaker 02

  I think you'll be okay. What other questions can we, do you want to name your child? If it's a girl, Jill, and if it's a boy, Mark?

• 9:39Speaker 03

  I, I would be fine with that. I think I'd have to run that by my wife, though.

• 9:43Speaker 02

  I guess so. I guess so. What else is going on? Anything else that we can help you with?

• 9:47Speaker 03

  The other thing, I also have an, an HSA that, that I max out yearly right now, but we, we are spending out of that. And I, I just wanted to kind of see if it was still a good idea to continue with the HSA as we're trying to have kids, if, if, you know, medical expense-wise, if it still made sense, it's a high deductible plan.

• 10:03Speaker 02

  I think that's a good idea. You're going to need, you're going to need that care. But don't invest it. Don't be too crazy. But I think, yeah, you, you should be fine.

• 10:11Speaker 03

  Okay, so just leave it in cash?

• 10:13Speaker 02

  Yeah, because you're using it.

• 10:14Speaker 03

  Yeah, that's true. Okay.

• 10:16Speaker 04

  I mean, once you get past the period where you're dipping into it on a regular basis, then you should start investing the money.

• 10:21Speaker 03

  Okay.

• 10:21Speaker 02

  Yeah, but not, but not this second, because the baby's going to come, there's expenses. I feel like that's something that, for right now especially, let's leave it in cash, for sure.

• 10:32Speaker 03

  Okay, that makes sense.

• 10:33Speaker 02

  Sound good?

• 10:34Speaker 03

  Yep. So, so I'm maxing out that, I'm maxing out a Roth. I'm scheduled to have her max out her Roth this year. The only other piece is I have a brokerage account as well, that, that's just kind of fun money that I've been.

• 10:45Speaker 02

  How much money's in there?

• 10:46Speaker 03

  About eight grand in there right now.

• 10:48Speaker 02

  Yeah, don't put any more money in there. So for now, you can have fun with that eight grand, but any other money goes into savings until the baby comes. If you've got something going on in your life, and you just want another opinion, you want to make sure you're on the right track, or you've got a big decision to make, and it's a financial one, get in touch with us. Go to jillonthemoney.com, click the Contact Us button, write us a note, check that box if you want to join us on the air. We love having you on the air. It's so much fun. You can subscribe to us on the Odyssey app or wherever you find your favorite podcasts. You can also subscribe to our sister broadcast. It's called Money Moves. So you can listen to it via audio, what, podcast, or just go onto YouTube. You can watch the video. It's a lot of fun. Put your hands metaphorically on someone's back. Change your work, change your wealth, change your life. Thank you for listening, and we'll talk to you tomorrow.