The Responsible Parents Guide To Planning The Future

Urgh! Sometimes being a grown up is really hard work. Like, you have to think about all this stuff that no one wants to think about and prepare for it, just in case the worst happens. But I guess that is what we signed up for when we had the sprogs? With that in mind, here are some very serious and some not so
serious things you need to think about and plan for in the future as a parent. Read on to find out more.


As much as we would like our lives to not revolve around money, it is most definitely, a necessary evil.
That means instead of ignoring t it’s a good idea to get it sorted and under control as soon as possible.
To do this, it can help to have a long term financial plan that includes the sort of life, activities that you want to do as a family as the kids grow up. It can also be a good idea to look at the major purchases you want like a car or home and devise an investment or saving plan to help you reach them.

Plan for the future
In particular, investing your money is a good long term strategy for the future, as you can significantly increase your returns if things go right. Of course, it’s no good just investing in any old thing. You need to educate yourself about the market you are putting your money into. As well as the potential risks that are
present before you decide on anything.

Plan for the future


The next thing that you, as a responsible parent have to think about is your will. I know I know nobody wants to have to consider the worst happening, but trust me just because you are preparing for it doesn’t mean you are tempting fate. In fact, it’s just one of those things that it is better to have and not need than the other way around.
It’s important to get your will right because it covers how your estate will be divided up in the event of your death. When you have kids, this is a big deal, because you want to make sure that they are provided for, and treated fairly, even if you aren’t around to oversee the process yourself.

Plan for the futureOf course, like anything to do with law, it’s best to consult with a professional like Bannister Preston, as their expertise with wills is invaluable. Then you can be safe in the knowledge that everything is sorted and you don’t have to worry about what will happen when you are gone.
Time​ ​off​ ​for​ ​good​ ​behaviour
Now, not all your future planning has to be of the very seriously variety. In fact, it’s good to include some fun stuff to look forward to, both in the short and the long term.
In particular, it’s a great idea to plan some stuff in the doesn’t include the kids. After all, it’s important to work on strengthening and maintaining your relationship with your other half as you age, as well as just the whole family dynamic.

Plan for the future

So, sit down together, with a cuppa and talk about your hopes and dream for the future. Where do you want to go, what’s on your bucket list to do, and how can you work some of these things into your longer term plans?
For example, you may choose to take that trip to NYC that you want for your 50th birthdays? What about that African Safari? The perfect activity to celebrate your 2Oth Wedding anniversary! Obviously, you will have to find a caring relative to take the kids for a week or two. Depending on their ages by that point, but do remember even responsible parents are allowed a little time off for good behaviour now and again!

Life​ ​insurance

OK, now back to the more serious stuff, this time it’s life insurance. It’s another one of those things that is awkward to even think about let alone talk about, but it’s definitely something that is worth doing.
Life insurance is when you pay into a policy each month, and then certain aspects of your life will be covered financially if you pass away. This can include your mortgage, as well as other outstanding debts, depending on your policy.
This is such an important thing to do because it enables you to know that if anything did happen, your other half and family would be able to stay in their current home and not struggle for money. It doesn’t actually take too long to sort out either, so it’s one of those suck it up, and you’ll be glad you did things,
responsible parents just have to do.


Obviously, something will be important to you as a parent is your kids’ education, both in school and out.
Making it definitely something that needs to go onto the future planning list.
On the formal side, you need to decide where you would like the kid to go to school. You need to do this even while they are pretty young, as school places are often awarded on the proviso that you are in the right catchment area. Meaning you may need to move if you want a place at a specific institution.
Something that will be a major action point on your future plan.

Plan for the future

Of course, not all education happens in school, so it’s important that you also factor into your long terms plans giving the kids opportunities to do certain activities, see new places, and have hobbies and interests that are enriching. If all of this too much to do at once, you can break it up into 5 years slots to help. Oh, and don’t forget to ask the kids what they want, and be flexible too. As, as every parent knows their answers are liable to change as they find their feet and grow up.

Family​ ​holidays

Lastly, planning in family holidays is something that every responsible parent should consider. Primarily
because the really big ones that everyone wants to do when they have kids like Disneyland, costs loads of money.

Plan for the future

That means by building them into your future long term plans, you can take the time to save up for them.
Ensuring that sometime in the future you and your kids will get to experience them.

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