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Dr. Pushpa Wood: Budgeting for Big Life Changes — Marriage & Parenthood | On the House #59
Manage episode 434468068 series 3402161
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Preparing for life’s milestones such as marriage and parenthood requires a level of foresight coupled with practical budgeting tips. So, this week on On the House: The Household Management Science Insights Podcast, host Gabriella Joustra chats with Dr. Pushpa Wood, the director of the financial education and research center at Massey University, to learn more.
With a long-standing history advocating for adult and financial literacy, Dr. Pushpa Wood has worked across school, tertiary, and industry sectors to educate teenagers, university students, and working adults alike about the often-overlooked aspects of finance. Highly regarded as one of the key academics involved in developing resources for financial literacy, Dr. Pushpa Wood’s research interests include identifying trigger points that motivate people to change their financial behavior, preparedness of women in planning their future, and testing culturally appropriate evaluation tools.
In this episode, Dr. Pushpa Wood defines budgeting as a tool that assists with major life adjustments, which encompasses identifying goals, managing expenses, and saving for the future. On top of that, she reveals that a widespread misconception is that couples should adhere to a fifty-fifty split.
Together, Gabriella and Dr. Pushpa Wood discuss effective exercises for communicating financial goals and priorities between couples, as well as the importance of involving children in finances from an early age.
So, tune in today for an insightful conversation and expert advice on conversing about finances with your partner to prepare for any pivotal life transitions that may come your way!
Connect with Dr. Pushpa Wood on the following platforms:
Email: P.Wood@massey.ac.nz
LinkedIn: https://www.linkedin.com/in/dr-pushpa-wood-onzm-41151a32/
Produced by the Household Management Science Labs, a division of LMSL, the Life Management Science Labs.
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