EP83: Ericka Young, Importance of Communicating & Budgeting

This week we are talking with Ericka Young. Ericka shares there is nothing that can prepare you for parenting teens, how goals can lead to successful budgeting, and the importance of open communication with your partner.   Listen as Ericka shares how:  Parenting teenagers have less resources than toddlers. She has learned to “let go”. She’s adjusted to having one child out of the home at college. She and her husband got out of $100,000 debt in 5 years. It’s possible to get out of debt by outlining goals. Importance of communicating with your partner about money. Looking back on your expenses to create a budget is key. Tips to raising financially responsible children. Introducing the concept of savings to young children. To recover from overspending. Setting small goals can get you a long way. MORE FROM ERICKA: Ericka’s Website: Tailor-Made Budgets | 7 Day Money Challenge | Follow Ericka on Twitter | Follow Ericka on Facebook | Follow Ericka on Instagram | Learn more about your ad choices. Visit megaphone.fm/adchoices