Having a little person in the family not only brings more laughter, but also a lot more expenses.
After a child is born, milk powder and diapers will become the top expenses.
As for the expenditure on milk powder, some parents will let their children drink it until they enter elementary school.
Diapers also need to be used until the age of three or four.
Therefore, parents should be fully mentally prepared when preparing to welcome a baby, and should start saving this amount of money six months in advance.
Set up a separate account for milk powder and diapers, and transfer money into the account at regular intervals every month.
If there is an abnormality in the family's income in any month, it will not affect the child's normal expenses.
Secondly, establish an education fund for your children.
You can consider establishing an education fund from the time you prepare to welcome a child.
Education funds can choose fixed investment index funds to reduce risks and increase income through time effects.
You can also choose to do asset allocation and adjust the product every year.
Once the child reaches the age of eighteen, the fund can be handed over to the child to manage.
After the child turns 2 years old, parents will choose to take the child to early childhood education or send the child to a day care class.
As the children get older, parents will send them to various interest classes.
As children grow up, their education expenses will become the most important expense.
As parents, we should ensure that our children receive a normal education no matter what the circumstances.
Thirdly, after the child is born, in addition to basic medical insurance, commercial insurance should be purchased for the child as a supplement as soon as possible.
It is a child's nature to love to play, and it is inevitable to be naughty and bumpy.
As parents, it is impossible for us to be by our children's side all the time. In addition to educating our children to have safety awareness, we should also do a good job of protecting them.