How to financially prepare for starting a family - PensionBee's Milestone Moments

In this video, we’ll talk about how to get your finances ready for starting a family. We’ll go over what to keep in mind when budgeting for a new baby, building an emergency fund, and managing your day-to-day expenses. We’ll also touch on why it’s important to claim Child Benefit and why it’s still a good idea to keep an eye on your long-term savings, like your pension.

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Useful links:

Child Benefit - https://www.gov.uk/child-benefit
State Pension - https://www.gov.uk/state-pension
Money saving tips for families - https://www.pensionbee.com/uk/blog/2020/march/money-saving-tips-for-families
Why parents need to make a Child Benefit claim to protect their State Pension - https://www.pensionbee.com/uk/blog/2024/june/why-parents-need-to-make-a-child-benefit-claim-to-protect-their-state-pension
Six ways to put together your emergency fund - https://www.pensionbee.com/uk/blog/2024/september/put-together-your-emergency-fund
8 of the best ways to build a budget - https://www.pensionbee.com/uk/blog/2020/may/best-ways-to-build-a-budget
Can you afford to have a baby - https://www.pensionbee.com/uk/blog/2016/november/can-i-afford-to-have-a-baby
Pension Tracing Service - https://www.gov.uk/find-pension-contact-details

Further reading and listening:

How parents can use pensions to avoid 4 tax traps - https://www.pensionbee.com/uk/blog/2024/august/how-parents-use-pensions-to-avoid-tax-traps
E28: The Bank of Mum and Dad - what's the impact on your pension? - https://www.pensionbee.com/uk/blog/2024/may/podcast-episode-28
Six ways to start talking about money - https://www.pensionbee.com/uk/blog/2023/october/six-ways-to-start-talking-about-money
Should I consolidate my pensions? - https://www.pensionbee.com/uk/blog/2022/may/should-i-consolidate-my-pensions

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PensionBee makes it easy to stay on top of your pension and take back control of your personal finances. Check out our plans and learn more about what we do at: https://www.pensionbee.com/uk (capital at risk)

Read our blog for money saving tips, pensions info, and more: https://www.pensionbee.com/uk/blog

Or visit Pensions Explained: https://www.pensionbee.com/uk/pensions-explained

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