Guest post by Jay Rigler.
Starting a family is one of the most rewarding journeys in life. While love and commitment are the most important aspects of raising a child, financial stability plays a crucial role in ensuring a secure and prosperous future for your family.
As the author of 12 Steps to Eliminate Debt and Build Wealth, I have spent years helping individuals and families achieve financial freedom. I have seen firsthand how financial preparedness can make the difference between a stressful parenting experience and one filled with joy and security. If you’re considering adoption, fostering, or surrogacy, now is the time to take control of your financial situation so that your focus can remain on what truly matters—your family.
Achieving Financial Stability Before Expanding Your Family
Financial preparedness is essential, and that’s where my book, 12 Steps to Eliminate Debt and Build Wealth, can guide you. Here are a few foundational steps to get you started:
1. Create a Budget That Reflects Your Family Goals
Your budget should align with your family-building plans. Consider all expenses, from legal and medical fees to everyday childcare costs. By creating a budget, you can ensure that you are financially prepared for every step of the journey.
2. Build a Robust Emergency Fund
Having a child, whether through adoption, fostering, or surrogacy, means embracing the unexpected. Medical expenses, legal fees, and everyday costs can arise suddenly. A solid emergency fund acts as a financial safety net and provides peace of mind.
3. Eliminate Debt Before Taking on Additional Responsibilities
Debt can be a significant obstacle when planning to expand your family. High-interest debt, especially credit card debt, can drain your resources and limit your ability to provide for a child. Before moving forward, create a debt elimination plan—whether that’s through the snowball method, avalanche method, or a combination of both. Freeing yourself from debt ensures that you have more resources available for your growing family.
My book lays out the steps I took, in order, and in detail. It has been 9 years since I had to make a debt payment, and I cannot overstate the impact this freedom has had on my life, and the life of my family. Having gone through the effort of eliminating all our debt allows my husband and me to enjoy the perks of life without the stress.
A Secure Financial Future for Your Family
Bringing a child into your home is one of life’s greatest blessings. By taking steps now to achieve financial stability, you set the foundation for a secure, loving, and stress-free home environment.
If you’re ready to take control of your financial future and make your dreams of parenthood a reality, 12 Steps to Eliminate Debt and Build Wealth is the roadmap you need. With practical advice and proven strategies, this book will help you eliminate debt, build wealth, and create the financial security your family deserves.
Start your journey to financial freedom today—your future family will thank you for it.
