Indiana Public Media’s Noon Edition radio program has an interview with Timothy Bowman, director of the Ron Blue Institute for Financial Planning at Indiana Wesleyan University. Bowman offers financial advice for Indiana parents, most of whom lack “rainy day” accounts for emergencies.

He says it’s important to see the big picture when making steep purchases because one financial decision effects what you can afford later on.

“Do I want to have kids? Do we both want to work and focus on our careers?” he says. “As you start thinking about that, then you realize that the house that I buy, that impacts what we can do some of our family things. The car that we buy, that has an impact. There’s no independent financial decision.”

Read the full interview here.