Session Objective
Help expecting and new moms gain the best financial knowledge and strategies for raising a child.
There are many challenges parents and especially women face when having a baby, and this of course includes the financial impacts. But money does not have to be an insurmountable obstacle when planning to start a family. Having a well thought out plan and plenty of knowledge of all the resources available will give you more than a fighting chance when it comes to paying and affording one of the greatest joys in life – well, mostly joyous.
Learning Outcomes
- Learn how to budget for your baby, including the hidden costs
- Understand the many aspects of EI maternity and parental leave for you and your spouse
- Learn how to plan for childcare and childcare expense deductions
- Learn how to start teaching your kids about money
Session Outline
- The cost of raising a child today
- Budgeting for a baby while on mat leave and after
- Ways to save money
- Planning for childcare
- Key Federal government support programs
- EI Maternity and Parental Leave
- Childcare expenses deductions
- Child benefits
- RESPs
- Starting to teach your kids about money
- Resources
- Q&A
Topics Covered
- Budgeting for a baby
- Saving money before and after your child is born
- EI maternity and parental leave
- Childcare expenses deductions
- Child benefits
- RESPs
- Teaching your kids about money
Who Should Attend
New moms who want to make strong financial choices and reduce the stress and uncertainties that often come with having your first child
Session Level
Intermediate
Topics Covered
Financial Planning
Teaching Children
Child benefits
RESPs
Child support
Who Should Attend
Women