Of all life’s financial shocks, few compare to bringing home an infant. Just one tiny person costs $250,000 to raise—not including college! How will you pay for it? That agonizing question fuels mothers’ choices about their careers, budgets, and families. Some lean in, some scale back or seek new opportunities—there are no easy answers, but lots of rewarding possibilities.
Smart Mom, Rich Mom explores how women today are navigating the financially challenging career/parenting years. Written by a national money columnist and mom of two, the book chronicles people who have stayed in the game—full time, freelance, self-employed, and more—and emerged more prosperous and empowered. Smart Mom, Rich Mom mines their experiences to uncover both career advice and spending and savings strategies that everyone can use. Stories, checklists, action steps, planning tools, and more explain how to
prepare financially for parenthood—whether you’re expecting your first child or your third;balance thrift with generating income and investing wisely;find flexibility at work while safeguarding your earning potential—save for both college and retirement despite increased expenses; plan for unexpected events, like a layoff or illness;and much more.Kids change our lives, adding joy but draining bank accounts. Smart Mom, Rich Mom helps you adopt healthy habits—and make hard decisions—that pay off in abundance.
Kimberly Palmer is senior money editor and Alpha Consumer blogger at US News & World Report. She is the author of Generation Earn: The Young Professional’s Guide to Spending, Investing, and Giving Back, as well as a series of financial guides, Palmer’s Planners, sold through her Etsy shop. Kimberly has appeared on NBC’s Today show, CNBC, CNN, and local television and radio shows across the country to talk about smart money decisions. She lives with her husband and two children in the Washington, DC, area.
Karen White is a New York Times and USA Today bestselling author of twenty-five novels, including Dreams of Falling and The Night the Lights Went Out. She has two grown children and currently lives near Atlanta, Georgia, with her husband and two spoiled Havanese dogs.