What The Elle - 📝 The millennial version of 2.5 kids

Plus, a new Family Planning Q&A with Maven.
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THE NEW AMERICAN FAMILY

Family planning is financial planning

In 2007, a now-iconic Gallup poll reported that Americans, on average, believed the “ideal” family size to be 2.5 kids.

Over time, those 2.5 kids have come to signify an outdated vision of the American dream — in fact, a widely memed tweet declared, “The millennial version of 2.5 kids and a picket fence is six houseplants and no roommate.”

A lot has changed since 2007: our timelines for parenthood; new fertility solutions; policies around child care (or lack thereof); what a typical American family structure looks like; our cultural attitudes toward having children (or not having them); society’s expectations of women (mothers and non-mothers); and on and on and on.

The American dream no longer looks like a Norman Rockwell painting. Maybe it never has. But there is still a dream.

Maybe you don’t know what that looks like for you yet. You may be one year out from having your first kid, or ten years out, or still not sure if you want to have any at all. Maybe you already have a kid, or two, and want to plan for more. Maybe you’re thinking about egg freezing, or adoption, or IVF, or surrogacy. Maybe you’re thinking, “I don’t know if I’m in a position to pause my career to build the family I want.” Or maybe you’re thinking, “I’m happy with my six houseplants and no roommate.”

No matter where you are in your journey, we believe in giving Future You the freedom to make the choices she wants to make. Family planning is financial planning; and financial planning is how you give Future You options.

Because planning for a family comes with a lot of unexpected costs — and not all of them financial. Whether you’re building a family of two or 12. (They are not, in fact, cheaper by the dozen.)

While you can’t plan for everything, you can plan for life's milestones: kids, career pauses, health emergencies, college tuition (or not), a family home with a white picket fence — the list goes on.

That’s why we paired up with the women’s health experts at Maven to bring you a free, 60-minute workshop with a live Q&A on the costs of family-building — and how you can prepare. Sign up today (or tell your friends) — this is a one-time-only event.

 
Save your spot
 

POWER MOVES FOR SINGLE MOMS

Single momming is stressful. Your finances shouldn’t be. Here are nine money maneuvers for taking control of your financial future.

Power up >

FOOTING THE BILL FOR THEIR DEGREES?

One of the best gifts you can give your kid is the gift of no student debt. Here are seven ways to save up for and pay for that diploma.

You’ve got options >

EGG FREEZING IS NO YOLK

Excuse the pun, but it’s true. Ellevest Financial Advisor Cam Rogers talks through the financials of egg freezing — plus, some eggcellent advice.

No puns here >

 

“Before I had my first child, I had this expectation for how my finances would go. But child care costs are so much more expensive than I ever budgeted for. And that [impacts] the disposable cash I expected to have, to do things like go out to dinner.”

‌— Stork’d host Julia Karol on her pre-birth money miscalculations. (Our financial planning sessions will help you plan dinner out at your favorite restaurant and child care.)

 
Text that reads, “My advice to babies: Start investing in a low-cost diversified portfolio now.”
 

🔗 Linkin’ up

 

Dial into your future. Schedule a complimentary call with a financial expert.

BOOK A CALL

This week’s newsletter was brought to you while listening to how women saved the economy. Forward it to your friends who did their part.

DISCLOSURES
 
© 2024 Ellevest, Inc. All Rights Reserved.
All opinions and views expressed by Ellevest are current as of the date of this writing, are for informational purposes only, and do not constitute or imply an endorsement of any third party’s products or services.
Information was obtained from third-party sources, which we believe to be reliable but are not guaranteed for accuracy or completeness.
The information provided should not be relied upon as investment advice or recommendations, does not constitute a solicitation to buy or sell securities, and should not be considered specific legal, investment, or tax advice.
The information provided does not take into account the specific objectives, financial situation, or particular needs of any specific person.
Investing entails risk, including the possible loss of principal, and past performance is not predictive of future results.
Ellevest, Inc. is a SEC registered investment adviser. Ellevest fees and additional information can be found at www.ellevest.com.
Maven Clinic is not affiliated with Ellevest and was not compensated for their involvement in this webinar.
 
 
 

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