Month: October 2023

The Real Costs of Raising a Family (Ep. 7)

The Real Costs of Raising a Family (Ep. 7)

There are expenses every soon-to-be parent knows to expect. Diapers, clothing, baby furniture. But then there are the unexpected costs that creep up in the final trimester and later in life. How can you financially prepare for those expenses?

In this episode, Jack Burnette and Alison Castellano discuss the importance of saving and budgeting for unexpected expenses in life. They share Alison’s personal experience with in-vitro fertilization(IVF) and the costs associated with raising a child, from the toys and furniture to the cost of college in the future.

Jack and Alison discuss: 

  • Why young couples or individuals should start a savings account early
  • The cost of introducing a new child into the world – and the costs of raising that child
  • The importance of planning for financial goals as a couple
  • How to introduce young people to the cost of further education and the importance of saving
  • And more

Resources:

Connect with Alison Castellano:

Connect with Jack Burnette:

Is Owning a Home Still a Dream? (Ep. 6)

Is Owning a Home Still a Dream? (Ep. 6)

One of the goals of being an adult is owning your own home. But with the increasing cost of property, rising mortgage rates and the cost of living already high for millennials, their chances of owning a home seem to be disappearing.

In this episode, Jack Burnette and Alison Castellano focus on the world of adulting, tackling the idea of owning a home and why millennials may not be able to achieve that dream. They explore the financial hurdles millennials face as well as the personal struggles in saving enough for an increasing down payment.

Jack and Alison discuss: 

  • How the price of houses has changed in the past 2.5 years alone
  • The existing expenses millennials have, especially parents
  • Why millennials won’t be able to take advantage of tax options for mortgage rates with their current financial situation
  • Tips and tricks to keep an eye on spending and reduce your cost of living
  • And more

Connect with Jack Burnette:

Connect with Alison Castellano:

Crafting A Balanced Financial Life (Ep. 5)

Crafting A Balanced Financial Life (Ep. 5)

Life isn’t just about money; it’s about financial well-being and how it integrates with our lives. This episode provides an insightful dive into the intertwined relationship between life’s curveballs, financial planning, and decision-making. With personal stories and tried-and-true advice, Jack and Alison once again share a warm father/daughter conversation that equips listeners with the tools to achieve a balanced life.

In this episode, Jack and Alison discuss:

  • The dangers of consumerism and the importance of living within one’s means
  • The emotional rollercoaster of unexpected expenses, as illustrated by Alison’s personal experience with IVF treatments
  • The evolution of careers in modern times, including job-hopping and its impact on retirement plans
  • Navigating the maze of insurance options and the necessity of being well-informed
  • The vital importance of estate planning, including decisions on child care and asset distribution
  • And more!

Resources:

Connect with Jack Burnette:

Connect with Alison Castellano: