How to protect your career after kids with ‘couple maths’

Each week BusinessDesk and the NZ Herald’s Cooking the Books podcast tackles a different money problem. Today, it’s the longterm planning that can make a big difference to your finances. Hosted by Frances Cook. Having kids is a joy and delight, but often also a big hit to the finances, and even the career. It’s a busy new schedule, and as parents try to figure it out, there’s a particular pattern that often crops up. In a heterosexual couple, often the pair look at who’s earning more, and do a bit of ‘couple maths’, deciding that if the woman earns less it’s her who should go down a gear in her career. But this can have big impacts on future earnings, as well as planning for the future, such as your KiwiSaver. So how do you figure it out, so that it’s a deal everyone is happy with? For the latest interview I talked to Ellen Hooper, career coach and co-founder of the Growth Collective. If you have a question about this podcast, or a question you'd like answered in the next one, come and talk to me about it. I'm on Facebook here, Instagram here, and Twitter here.See omnystudio.com/listener for privacy information.