The Hot Take: Barry is a wealth of information (pun intended) when it comes to managing personal finances. But our favorite tip from our conversation was about creating a maternity spending account.
Barry spoke about the decision that he and his wife Carla made to create a separate savings account, into which they each contributed a set amount of money every month before their baby arrived. The money in that account was exclusively for Carla to spend while she was out on maternity leave, so she could enjoy coffees, lunches, and other small expenses guilt-free. It was important to both Barry and Carla that this savings account was separate from their savings account for their baby (for things like diapers, baby food, etc), and that they both contributed to it — not just Carla. This was because they saw her role during the maternity leave as the primary care-taker for their newborn.
To safely consume this site, we recommend reading this disclaimer. Any outbound links will take you away from Zeta, to external sites in the world wide web. Just so you know, Zeta doesn’t endorse any linked websites nor do we pay/bribe anyone to appear on here. Any reference to prices on the site are just estimates; actual prices are up to specific merchants and their current desire to charge you for things. Also, nothing on this website should be construed as investment advice. We’re here to share our favorite tools, tactics and tips for managing your money together. This content is for your responsible consumption. Please don’t see this as a recommendation to buy specific investments or go on a crypto-binge. Lastly, we 100% believe that personal finance is exactly that, personal. We may sometimes publish content on this website that has been created by affiliated or unaffiliated partners such as employees, advisors or writers. Unless we explicitly say so, these post do not necessarily represent the actual views or opinions of Zeta.