If you're a parent, you know there are a lot of unexpected costs that pop up. The extra fees for field trips, sports gear, music lessons, it all adds up. A recent Vanguard survey shows almost 70% of parents say they're spending more than expected on their kids this year.

It also shows people are missing out on opportunities to save. We're joined by Sabino Vargas, a  a certified financial planner with Vanguard. We'll talk about saving for the short-term expenses and emergencies that pop up. We'll also tackle long-term plans for education and beyond.