Creating A Family: Talk About Infertility, Adoption & Foster Care

Practical Financial Strategies for Foster & Kinship Families

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Sinopsis

Click here to send us a topic idea or question for Weekend Wisdom.How do you manage daily expenses and budgeting when you are a foster or kinship caregiving family? We speak with Nicole Valenzuela, a foster parent and founder of Fostering Finances, to learn about simplified budgeting practices and healthy mindsets for managing money.In this episode, we discuss:What are the financial challenges that foster and kinship families commonly face?How do those challenges differ between kinship caregivers and licensed foster parents?Are there particular challenges for LGBTQ+ and BIPOC foster or kinship families?What about single foster parents or kinship caregivers?What are the day-to-day costs that aren’t always covered by stipends or allowances? What hurdles might the informal caregivers face (those not participating in the foster care system while caring for a relative child) in accessing services or support?What financial supports may be available but underutilized by foster and kinship families?What are the Kinsh