While being part of a young family is mostly fun and games, it’s good to always be prepared. Here’s a list of things you’ll need to give you some peace of mind.
For us mums who’ve been there before, we know that being a mum means being a bundle of nerves. Sure, we have enough sage advice from our own mums, our mum groups and even our doctors, but nothing could ever truly prepare us for what happens when we’ve finally got our own kids at home. Our top tip? Think ahead and prep for the future so you can fully live in the moment and enjoy all the kiddie cuddles. Here are five things you need to add to your to-do list:
1. Check for mummy benefits at work
Having a child not only changes your life, it will probably throw a spanner in your career, too. Knowing what your workplace has to offer mums – whether one has the option of working part-time or if they offer childcare discounts – could make all the difference.
2. Start an emergency fund
No doubt about it, 2020 has been quite the interesting year – and probably the best time to start thinking about setting up an emergency fund. If there’s anything we’ve learned, it’s that anything can happen. Set aside at least two months’ salary as your emergency fund – or a feasible amount that you think can sustain your family’s income for at least three to six months. This way, you’ll be financially secure, no matter what.
3. Get covered
While nobody ever likes thinking about all the bad things that could possibly happen, knowing you’re covered can bring peace of mind. And during times of uncertainty (we’re talking about you, 2020!), knowing our families are safe is definitely a relief. Looking for coverage? Check out SingSaver’s FWD Personal Accident and Infectious Disease Coverage insurance policy. The best part? It costs less than $0.30/day. Through this affordable program, your family will get the highest coverage possible for all infectious diseases such as Covid-19, Dengue and Zika virus, plus coverage for personal accidents. It also includes inpatient/outpatient care, hospital income, TCM expenses and even a handy 24-hour helpline!
4. Organise, organise, organise!
While you’re busy Marie Kondo-ing your pad to make space for all your kid’s toys, take the time to organise all your important documents. You don’t need an actual file cabinet – a simple accordion file will do. Label each compartment appropriately and place the file in a safe place. Finally, make sure your partner knows where it is and what’s in it!
5. Think about the kind of lifestyle you want
You’ve probably heard this before, but yes, having kids changes everything, including your lifestyle. Talk to your partner about how you’ll be spending money moving forward. Will you indulge your kids with the latest toys or go on Marketplace to look for second-hand options? Will you hire a nanny? What about your gym memberships? Vacations? Knowing how you’ll be spending your money will help you plan your finances better so you’ll know what to prioritise.
As parents, you’ll hear this a lot: the better prepared you are, the better off you’ll be. Whether it’s just taking the baby for a walk or thinking about your family’s financial security, knowing that you’re ready for whatever lies ahead makes the parenting game so much easier. You’ve got this!
This article is in partnership with SingSaver.