Plan your finances for parenthood

发布时间：2025-05-02 04:01

'Closing'用'Thank you for your time'结束对话。 #生活技巧# #职场沟通技巧# #商务英语口语#

1.Get your finances in order

It's recommended you pay off as many debts as you can before your baby arrives. Your monthly spending will go up when you're providing for an extra person. Paying off your overdraft and cutting down on credit card and loan repayments means you have more money to spend on your baby.

Now that you'll be supporting a family, you might want to consider life insurance and critical illness insurance that provides financial assistance in case of unexpected events.

2.See what support is available to you

You might be entitled to benefits and financial support, either from the government or your employer.

Any help they can provide will also be important to planning for parenthood.

3.Think about your working options

Once you've focused on your essential spending and checked out the support available to you, the next thing to decide is your working arrangements. Will you have one income or two?

Going from two incomes to just one can be a challenge, but it’s easier if you plan ahead.

Get a snapshot of your current budget Change the income levels to review your new budget See what non-essentials you could cut from your expenditure Try living on one income for a month to see if it works Use the second income to pay off debts or create an emergency fund

You both might want a more flexible working pattern in order to share childcare responsibilities. Talk to your employer about working from home, job sharing or working annualised hours so you can save on childcare and travelling to and from the office.

4.Factor in the cost of childcare

If you're planning on returning to work after your baby is born, you'll want to think about the different childcare options available.

Day nurseries – every nursery has different fees but care for toddlers can cost more as children at this age require more attentive care Your parents or other relatives – a lot of parents find the cheapest and most flexible option is for one of their relatives to look after their child while they're at work

Ready to create a financial plan for parenthood?

More products and information

This link will open in a new window

In today’s fast-paced financial world, the only way to stay ahead is to be on top of current market events. Tap into our unique market insights and investment analysis to stay informed about the latest trends and regional news with just a few clicks.

Get started

Get personalised advice

By phone

For general inquiry (RBWM only)

400-820-3090

Please dial the country code of mainland China +86 if you are calling from overseas, Hong Kong SAR, Macau SAR, or Taiwan

Although the above information is carefully written, the Bank does not warrant, state or guarantee the accuracy or completeness of the above information. The above information is not and should not be regarded as an offer or purchase invitation for any financial product, nor should it be viewed as an investment proposal.

网址：Plan your finances for parenthood https://www.yuejiaxmz.com/news/view/909139

⬅️上一篇：低收入家庭如何理财？

➡️下一篇：家庭理财手册