Steps Ahead: Thinking Points for Your Family’s Future

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Being a parent involves continuously thinking about what you can do to be a better mom or dad. What you’ve taught and told your children up to now, today, and how you prepare them for their future, is a full-time job. But we do our best because we hope that what we do today will impact our kids lives for the better in the future. And so, to give our children the best chance to thrive in a world that’s not always all too kind, here are a few thinking points. 

Diet And Exercise

We know that what our children eat and how much exercise they get is mostly influenced by us. We also know that what they eat, drink, and how active they are has a dramatic impact on their energy levels, motivation, mood, and quality of sleep. And so to give our kids the best, giving them a balanced diet, teaching them good eating habits, and encouraging them to get active (in the garden, the park or in a sports club) will not only keep your youngsters healthy and energetic, but it will also instill good lifestyle habits that they will use on throughout their lives.

When You’re No Longer Around

Our destiny as parents is that someday we will pass away and so preparing for this occasion is essential for more reasons than one. For instance, you may want to consider looking into trust and estate litigation to write up a will and seek legal advice to protect any estate you might have for your children should you pass away. Also, there is the option of a life insurance policy to either pay off the mortgage or supplement your income, which will cover some of your family’s outgoings. Another opportunity to help your children when you’re no longer around is to pay a small fee for a funeral cost plan to relieve the burden of your children having to pay thousands for a funeral service following your departure.

Future Fund

There’s a divide between whether saving for our children is necessary, or whether it promotes laziness in children who expect a pay-out at some point. But that’s your decision, and despite some of the negative ideas around saving for your children‘s future, to a degree, you have control when/if they have free reign to spend the cash how they see fit or whether you take control of the money and decide to help your child out when you think it’s necessary. Some milestones parents prepare for are college, a house deposit, a wedding, or traveling. But it’s not limited to these events, there could be a time in the future when your kid suffers financial hardship and being their parent, you naturally want to help them out of a bad situation.

For some parents, thinking about and planning for their family’s future gives them a sense of security and reassurance. Whether it means you want to support them through their education financially or teach them how to cook healthy meals, there are more ways than one you can prepare your kids up for a fulfilling future it’s just a matter of choosing what you think is right. 

2020 Kimberly Signature

 

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