Last week there were two, now there are three, or more of you! If and when children come along, it really does change a lot of things for you, in many areas of life! But this is a finance podcast, so I’m going to skip the parts about sleepless nights and endless worry about the future, and instead concentrate on the dosh…

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Young Family

Yes, having kids is a bit of a sea change in your finances. Priorities shift a little, or a lot, and suddenly you can think of the next 20-25 years as being not so much about you, as about them. That’s how it should be, of course. But it’s also important to remember that your future still needs building as well as your kids’ future – so how do you find the balance?

Resources mentioned in this episode (there's lots!)

Calculator: NatWest Cost of raising a child calculator

Website: Child Benefit High Income Tax Charge 

Calculator: Child Benefit Calculator

Calculator: Tax Credits Calculator

Website: Junior ISA information

eBook: Three Steps to Financial Freedom

Podcast: How to budget

Podcast: Protection (Insurance) Revisited

Podcast: Direct Investment Platforms

Podcast: How To Choose A Multi-Asset Fund

Resource: Meaningful University

Resource: Learn How To Budget course on Udemy

Email address for sending your questions: lifestages@meaningfulmoney.tv

And, just click the mahoosive blue box below for this week's transcript:

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