In a world gone mad, growing your family can be a daunting thought. Making wise choices can ensure that an expanding family is an exhilarating prospect, instead of something to dread. Although over-thinking can be a hindrance to making decisions, planning is not.
When considering and planning to expand your family, there are some things we must consider in terms of change, including but not limited to, family, admin, education, work-life and finances.
Family Planning
When a new little person enters a family, the dynamics in the family will naturally change.
Navigating the change will take some give and take, such as time management, sleeping arrangements and patterns, chores, mealtimes – these and a myriad other things will change. Being prepared for the impact is half the battle won.
Admin Planning
Some things to consider on the admin front include:
- Birth Certificates
- Immunisation
- Passports (should traveling abroad be on the cards),
- Amending policies
- Amending your last will and testament
- Appointing guardians and godparents (and knowing the difference J)
- Changing medical aid beneficiaries
Education Planning
It might seem a little premature, but a wise parent will have the future in mind too… Planning for your child’s education is not far fetched. Before you know it you will be buying books and school uniforms instead of ride-on toys and nappies. Things to consider include:
- Nursery school options – day care/au pair
- Type of schooling – homeschooling/public school/private school
- Education Philosophy
- Costs involved
- Education Policies
Work-Life Planning
Parents need to make decisions regarding their work-life, for example:
- Stay-at-home moms/dads
- Work-from-home?
- Entrepreneurial ventures
- Traveling
- Work Hours
Financial Planning
All the points already considered will have some or other financial implications to consider. Some of the financial aspects to consider include:
- Life Policies & Insurance
- Medical Aid/Insurance
- Educational Needs
- Income vs Expenses
- Housing
- Traveling (For example, trading your two-door sedan for a family vehicle)
Let us help you make wise choices for your expanding family.
