What to consider when starting a family?
Finding out that you are expecting a child or planning to start a family can be an incredibly exciting time and very stressful. Thinking about all the things that you need to plan for and how turning from a couple to a family is going to impact your life can send some people into a spin.
Here are a few things that you will want to think about whilst you are embarking on this incredible journey.
Space – does your current living situation allow room for a child in your life and if not, how long do you have before you need to think about moving to a larger or more suitable place. It may be that your current home is suitable for a newborn baby but will no longer be large enough when your child starts to become more independent. If you are looking to move home ensure you use professionals to support you like Building Survey London based Sam Conveyancing.
Family – do you want to be close to your family when you have a family? This may be for childcare reasons, support or just to be close to one another. The answer to this question may then have an impact on your living situation and may sway your decision to move location.
Finances – now whilst there is no optimum time to start a family you may want to ensure that you have enough money set aside for the impact that dropping to maternity pay may have on your family’s finances. You may also need extra funds to buy items for your baby and to buy a bigger car if you need.
Protection – protecting your family from the unknown is incredibly important and will include putting life insurance policies in place for both yourself and your partner. You also need to consider having a will written or updating an existing one. You can do this by contacting a wills and probate company who will be able to walk you through the process from beginning to end.
Career – No one today should have to choose between their career and having a family but what is a consideration is when you want to take a break in your career progression. You may not want to think about starting a family if you have just been promoted to a managerial role or are currently on an accredited qualification that is linked to your work.