After you have children, your world revolves around your little one. In fact, your number one aim is to make sure they have the best childhood. Therefore, you and your wife will try and bring them much joy and happiness over the years. But as well as worrying about the present, you need to turn your attention to the future. After all, you want to ensure your kids have the best possible start to adulthood. And you want them to be happy and financially secure, even when you are not around. To ensure this does occur, there are some things you can do now. In fact, here are some tips to ensure your kids have the best future possible.
Make sure you spend enough time with them
As much as you and your partner need to work hard to provide for your family, it’s important to make sure you have a good work-home life balance. After all, your kids need to spend some time with you. After all, you are one of the most influential people in their life. So you need to be around for them so that they can follow in your footsteps. And not only this but spending time with you when they are a child can make them a happier and healthier adult. In fact, it’s been found that kids who spend time with their fathers have a higher IQ, better self-esteem and boast better behaviour. Therefore, make sure you are spending a good amount of time with your kids. During the weekdays, make an effort to help them with homework and put them to bed at night. And at weekends, avoid working extra and spend time as a family. Going on days out with them will ensure you spend quality time together. And it will ensure you have a closer bond in the future when they are fully grown up!
Set up an account for them
It’s so important that we take steps to make sure our kids are financially secure when they are young adults. After all, we want to ensure they have the best future possible. And having some money behind them can give them the boost they need to succeed in their life. Therefore, set up an account for them as early as possible. And then make sure you put money across every month for your child. Even if it’s £50 a month, it will soon add up over time. And ensure they have a nest egg they can use when they are 18 or 21. In fact, the money might come in useful when it’s time to buy their first property. After all, as well as needing money for the deposit, the funds can come in useful for extra costs like first time buyer solicitors fees which can all add up. After all, if they come to you at the time asking for money, you might not have much to give them. Therefore, putting the money away in an account for them now will ensure they have the money all ready for them to use to buy their own property.
Teach them responsibility
When it comes to our kids, it’s so easy for us to be soft on them. After all, we love them so much. But if you want to ensure they have the best future possible, you need to make sure you teach them responsibility when they are young. That way, they will grow up to be an independent and responsible individual. It can be just small jobs that you get them to do around the house. For example, asking them to fill the dishwasher after dinner can be a good start. It might lead to moaning but it’s teaching them valid skills that they need in the future. Also, giving them a couple of quid to clean their room or water the plants will also teach them about making a living. In fact, it’s vital you teach them about money management so that they understand how it’s important it is to work in the future. Once they are old enough, encourage them to get a Saturday job to make their own money. Working in the local shop or even doing some babysitting will help them get ready for the world of work! And will ensure they are a good, well-rounded individual when they grow up.
Set them up for university
As much as setting up your kids for university, is about putting money aside for them, it’s also about taking an interest in their education. After all, you are one of the top people who can encourage their kids to work hard. At the end of the day, if they don’t feel like you are interested in their school work, it’s likely they won’t try as hard at school. And they might end up failing when it comes to their GCSE’s. Therefore, it’s so important to make sure you are making an effort when it comes to their education. For example, helping them with homework and asking them about what they are doing at school can ensure they know it’s important. And even making sure they go to school on time and encouraging them to revise for tests can give them a boost. Also, it’s so vital you praise them when they do well and find out what happened if they didn’t do well in tests. In fact, going to parents evenings can ensure you know what your kid is up to at school! And make sure you start early when it comes to maths and English. In fact, it’s been proven learning earlier on can make kids better at reading and maths later along the line. Therefore, work with your child before they go to school to ensure they have the best future possible.
And it’s so vital that you set up a will as soon as you have had kids. After all, you want to ensure they are protected financially if something happened to you. That way, you can make sure they have the best future possible, even if you are not around to see it!