In this day and age where economic pressures are making families struggle, from higher costs to legislation such as the bedroom tax, it can be difficult to cover everyday costs for middle income families.
One of the biggest struggles for the modern day nuclear family is accommodating for an expanding family. If you’re looking to grow your brood, make sure you’re prepared for any surprises by following these tips.
This is easier said than done, but one of the precious commodities you will value when you have a bigger family is space – but there are a few little tricks you can employ to ensure you make the most of the space you’ve got. For one, consider investing in space-saving furniture. Divan beds, for example, are perfect for storing excess clothes and toys.
Run out of space on the bedroom floor? Why not go upwards? Having a second child will invariably mean some bedroom sharing, so consider investing in a bunk bed while they are still little.
Embrace the benefits of having an older child
One of the great things about already having one child on board is the amount of amenities you will only have to buy once – for example, a sterilising kit, breast pump, and if you’re lucky enough to have two babies of the same sex, clothing. There is no shame to be had in having a few hand-me-downs, and they’re also great if you’re looking to save space as mentioned above.
Have a rainy day fund
Of course, when planning to have a baby, one of the biggest concerns is whether or not you will be able to finance a larger family. Before you start trying, consider sitting down with your partner and going through your monthly income and the potential expenditure of a new child – consider short term expenses, such as nappies, as well as long-term ones, such as education.
You may have already put together a ‘rainy day’ fund for your first child, but it is important not to be too restrictive with this. Yes, it might be for Baby X or Y’s university fees, but you never know what might happen – for example, you might just be surprised with twins! Be willing to be flexible with your savings and also ensure you are prepared to chat with your children about these funds in the future.