Securing Your Family’s Future*

Securing Your Family’s Future*

Everyone wants to be able to protect their family. You never know what the future might bring, so it’s important to feel like you can keep your family as safe and comfortable as possible. And, as your children grow up and become adults, you also want to know that you have set them up to have the best life and opportunities that you could have given them. Whether you’re a couple working together to protect your family’s future or a single parent looking to do the best for your children, you can take some steps to do the right thing. Read on to find out more about how you can secure your family’s future.

 

Set Financial Goals

 

Finances are important when it comes to taking care of your family. You don’t have to be rich to make your family as comfortable as possible, but you should think about the role that money plays. Setting solid financial goals can help you to create a better future for your family, from aiming to secure a full-time job to investing money to grow your funds. Whether your financial goals are big or small, they can help you to achieve your desires and get into a better financial position. Your financial goals give you something to work at and help you picture what you want your future to look like.

 

Save for the Future

 

Savings goals should be included in your overall financial goals. There are several key reasons to save for the future. Firstly, you should have money available for emergency expenses or any loss of income that you might experience. This helps to protect you and your family when times are tough. Secondly, you can create a better future for yourself and your children by saving for the future. You might have savings accounts for your children that you can top up every month or on special occasions. You might be saving for their education, or you might have your own savings goals for buying a house or other purposes.

 

Take Out Insurance and Write a Will

 

To protect your family, it’s important to think about what may happen if you are no longer around. If you were to die, what position would your family be in financially? One of the things you should look into is taking out joint life insurance, which can be more affordable than separate policies. You don’t have to be married to take out a joint policy; in fact, business partners often use this type of life insurance. You should also make sure that you have written a will so you know what will happen to your estate when you die. You can also use it to state a preference for who will have guardianship of your children.

 

Invest in Your Children’s Education

 

Part of securing your family’s future is helping to make sure your children will be able to set out on their own as adults. Being invested in their education is a great way to facilitate this, but it can mean a lot of things. You don’t have to be able to afford private school or tutoring or even focus too much on academics. Providing support and encouragement at school is helpful, but you can also invest in your child’s education by helping them explore different skills and different career paths. Not everyone is academically-minded, but you can help your children find things that they are good at and that they could turn into a career.

Plan for Retirement

 

When you’re thinking about saving for the future, retirement is likely to be on your mind. By the time you retire, your children will likely have families of their own. But you still need to think about how to financially prepare for retirement and perhaps how you’re going to protect your adult children. When you retire, you could end up needing care or extra support, which can be costly. Being well-prepared for your retirement means you can prevent your children from having to pick up the cost.

 

Consider Your Life Goals

 

As well as your financial goals, think about what your overall life goals are for you and your family. This could include a variety of things, from moving to another country to buying a bigger house or improving your lifestyle in some way. What do you want the future to look like for your family, not just in financial terms but what life looks like as a whole?

 

You can secure your family’s future in a few different ways. Think about how to protect your finances and your family for a brighter future.

 

 

 

* This is a contributed post and may contain affiliate links

suzyMiller

Creator of Best Way To Divorce. International Divorce Divorce Strategist and TEDx Speaker.
Member since:
6th March 2022
Last Login:
16th May 2024

Related Articles

Sue Lee Hypnotherapy

Sue Lee Hypnotherapy Your Catalyst for Change I am the lady who takes away the pain – whether it’s mental, emotional or physical.   Divorce and family separation hurts. That pain can be emotional. It can be confusion over your identity and self-esteem. The trauma can even manifest as physical pain. As a dedicated Hypnotherapist, […]

Read More
4 Min Read

Inner Lyght Evolution: Sarah C. Langford

Read More
4 Min Read

Schools need to support teachers through family separation.

Read More
4 Min Read

I'm doing all the parenting admin and my Ex contributes no money - but still wants half my assets!

Do you have the main responsibilities for the practicalities of parenting (buying clothes/making sure uniform is washed/dinner money) post divorce? So called 50/50 co-parenting still usually means one parent is responsible for the everyday admin. Also – there is one parent who can’t just suddenly get a full time job miles away because they are […]

Read More
4 Min Read

Your Relationship Guru: Celia Conrad

Your Relationship Guru: Celia Conrad Helping you heal from the pain of break-up and personal loss and create positive lasting change. Celia Conrad is a relationship expert. She has a diploma in relationship coaching, is an accredited break-up and divorce coach practitioner and master practitioner (specialising in domestic abuse), a certified grief educator and certified […]

Read More
4 Min Read

Parenting Conflict Resolution Expert: Jenni Rock Coaching

Jenni Rock Coaching Parenting Conflict Resolution Expert I help those parents to escape the war that started with their Divorce Proceedings I spent 15 years living with a very challenging person who taught me the kind of relationship I never wanted to have again. Once that ended, we had to co-parent as best we could. […]

Read More
4 Min Read

Does your Workplace have a Separating Families Policy for Divorcing Parents?

Did you know that in a 2014 study for the Nashville Business Journal, they found that in the 6 months leading up to and during the year of a divorce, an employee’s productivity is reduced by 40% and will suffer on some level for the next 7 years. Not only that, but there is an impact on the […]

Read More
4 Min Read

Infidelity? It’s none of my business

The shock of the breakup was so sudden, so extreme, that normal behaviour would have seemed inappropriate     The events that lead up to it should have left clues, but they didn’t register: The bank letters addressed in his name that I didn’t open because I’d learned that it was, apparently, none of my […]

Read More
4 Min Read

Suzy’s Story

A Strange Gift: Unplanned Solo Parenting   It’s a January morning in 2003 and I can’t bring myself to take the kids to school. What will I say when someone asks me “How are you?” The answer, you see, is just not the stuff of polite conversation.   “W E L L… My partner of […]

Read More
4 Min Read

How to deal with the 7 stages of relationship breakdown recovery

Read More
4 Min Read