Download the Schwab app from iTunes®Get the AppClose

  • Find a branch
To expand the menu panel use the down arrow key. Use Tab to navigate through submenu items.

Twins—Making the Most of a Tight Budget

Click to show the transcript

The first time we went to the doctor after we found out we were pregnant, there was one healthy heartbeat, and everything looked great. And then, the second appointment we went to, it showed two little dots on the sonogram.


Before we had kids, our life was pretty carefree.

We went out to dinner. We traveled.

Very spontaneous

We started thinking about saving for college and planning financially, as a family of four, maybe midway through my pregnancy. We started just thinking about the things that we wanted for our kids, and the experiences we wanted to be able to offer them.

Before I had the twins, I was working full time.

When I went back to work after my maternity leave it was really stressful. We still weren’t getting a ton of sleep and five months after, I was laid off.

When Kristin received the news that she was laid off, we had to make some lifestyle changes. And we had to sit down and really kind of bring ourselves closer to one another and look at the finance side of it all and evaluate our priorities. And our number one priority is family, so we had to make sure we take care of that.

I work for myself and I work from home.

We're not as stressed trying to keep up with the Joneses. We're just doing what we know we can do, and it's been better for us as a couple.

A lot of our friends have commented that we seem happier, because we've identified what is realistic for us right now, financially.

Long-term, we would still love to buy a house. I just don't think we're putting as much pressure on ourselves to do it so quickly.

We made the decision to open college savings accounts for our kids when they were born. We've kept that as a focus, despite all of the turmoil with our own finances. And we’re really proud of that.

If I've learned anything, it's that life doesn't always go according to plan. But that doesn't mean you have to throw out your plan. You just have to simplify it and make it work for you and your family.

Important Disclosures

The information provided is for general informational purposes only and should not be considered as an individualized recommendation or personalized investment advice.

The opinions discussed may not be representative of the experience of clients and is not a guarantee of future performance or success. Investing involves risks, including loss of principal.

Schwab Intelligent Advisory™ is made available through Charles Schwab & Co., Inc. (“Schwab”), a dually registered investment adviser and broker-dealer. Portfolio management services for Schwab Intelligent Portfolios™ are provided by Charles Schwab Investment Advisory, Inc. ("CSIA"), a registered investment adviser. Please refer to the disclosure brochures for details about Schwab Intelligent Advisory. Free credit balances are swept into deposit accounts at Charles Schwab Bank (“Schwab Bank”). Brokerage products and accounts are offered by Schwab, Member SIPC. Deposit and lending products are offered by Schwab Bank, Member FDIC and an Equal Housing Lender. Schwab, CSIA, and Schwab Bank are affiliates and are subsidiaries of The Charles Schwab Corporation. Please read the Schwab Intelligent Advisory™ disclosure brochures for important information.


Thumbs up / down votes are submitted voluntarily by readers and are not meant to suggest the future performance or suitability of any account type, product or service for any particular reader and may not be representative of the experience of other readers. When displayed, thumbs up / down vote counts represent whether people found the content helpful or not helpful and are not intended as a testimonial. Any written feedback or comments collected on this page will not be published. Charles Schwab & Co., Inc. may in its sole discretion re-set the vote count to zero, remove votes appearing to be generated by robots or scripts, or remove the modules used to collect feedback and votes.