6 financial preparation tips for motherhood
Meet these tips suggested by a childcare educator to financially prepare yourself in case you are pregnant or want to have a child.
Are you pregnant or want to have a child? Learn how to prepare financially.
Financial educator for children Cristina Judas shared with Notícias ao Minuto six financial preparation tips for motherhood. (Source: Notícias ao Minuto)
Preparing life to have a child and go through the entire pregnancy phase can be an intense process, especially with financial impact.
According to her, it is important to "start financial education even during pregnancy", ensuring a solid foundation for the future.
Therefore, the educator suggests that parents develop an abundance mindset, a "mental attitude that values prosperity, gratitude, and the vision of opportunities", as it is "a fundamental process to cultivate a positive relationship with money from an early age." "Before the baby is born, it is vital that parents develop a balanced and healthy financial mindset," she clarifies.
Planning should be seen as a "shared responsibility that ensures financial stability and family peace." "Start by recording all family expenses and income, and examine these expenses in detail to identify which ones can be renegotiated, which can be reduced, and how it is possible to increase the family's available income," explains Cristina Judas.
By applying principles such as planning, price comparison, and prioritizing needs, future parents learn to face not only the financial challenges of motherhood, but also to develop a resilient mindset that will benefit the entire family over the years," she adds.
After the initial phase, it is necessary to think about the future of the child. A nest egg must be created, and it is "essential to consider some important factors such as the time horizon of the investment and the level of risk they are willing to take".
The educator also recalls that children learn by example, so it is essential that adults provide a healthy financial environment, where values such as planning, moderation, and responsibility are evident in actions and words.
Finally, according to Notícias ao Minuto, the educator mentions that one must remember that they are doing their best: "Motherhood is challenging, but it is important not to forget to take care of yourself. Remember that educating children financially is an ongoing process, and that parents also need support and space to grow on this journey".
Adjust monthly budget to prepare for future financial needs.
This phase of life may require more adjustments to the monthly budget, so it may be important to review the various current expenses. If you have a mortgage, you may be paying more than you can afford, when you could renegotiate the current conditions with your bank or transfer the credit to another bank in order to get better conditions with a lower monthly payment.
In addition, in case of having several credits, it is possible to consolidate credits and combine them into one, with a single monthly installment and a lower total value.
Contact a Poupança no Minuto agent now if you want to proceed with any of these processes, all the help from our credit intermediation is free. Visit https://www.poupancanominuto.com/credito-pessoal?utm_source=poupanca-no-minuto&utm_medium=artigo&utm_campaign=560-poupanca-no-minuto for more information.