Home Milestones Children

Children

The New Savvy looks at the topic of children from A to Z. A woman’s decision to have children brings with it questions about the financial impact of raising a family. There are the medical costs of prenatal care and the delivery itself, baby equipment, childcare, education and tuition, as well as the potential change in household income should a mother leave the workforce. Here are also many savvy tips on instilling good money management habits in the next generation – The New Savvy discusses financially foresightful motherhood tactics too. From the first seeds of thought about potential motherhood, through pregnancy, birth and raising a child, a woman will find her life impacted financially. She may be thinking about whether the family can make ends meet if she takes several months off work or even decides to stop working altogether to care for her child. Pregnancy brings many potential money-spending pursuits, everything from buying maternity clothes to pre-natal classes, medical screenings and outfitting the nursery. The birth of a child usually means a hospital visit, or a stay of some days, so delivery costs need to be factored into a young family’s budget. As a baby grows into a toddler, and then a child, so does the wants and wishes grow. Toys, clothing, schoolbooks and appetites increase, as will the expenditure you make over the 18 years or more that it will take to raise that child to be an independent earner. A motherhood will tell you that having children has enriched their life. But for anyone who is not a parent, there may be shades of grey in the proposition of parenthood. That’s why this motherhood guide and advice manual is here. Written by women, for women, it is a platform to learn more about the experience of being a mother and how children affect our financial thinking. The sheer number of thoughts that spring up after a pregnancy test reads positive is huge. There’s so much to organise and think about during those euphoric nine months – and this guide covers them all. It offers ideas on preparing yourself financially for the baby’s delivery. Every woman needs to know her basic rights regarding the length of maternity leave, benefits retention and perhaps even salary paid during her leave. Read about them here. As children grow, their financial needs change, and it’s essential that parents know what they’re getting into. There will be fun craft classes, music lessons (which might reveal the next Beethoven), school fees, birthday parties and many more expenditures for which parents will be shelling out. Once mothers have their own financial priorities set, the next step is to look ahead. With an eye to a future generation of smart money managers, The New Savvy’s guide speaks to parent’s enforcement of positive financial behaviour as they role-model for their kids. Developing smart savings habits is one of the best teachings a parent can give a child.

The journey into parenthood is one of the biggest transitions of life, especially for a working woman. While many women look forward to motherhood, it is nothing short of a rollercoaster of emotions and challenges. However, with proper planning,...
Single mothers in Singapore are increasing in number. Statistics reveal that between 2007 to 2011, there is an average of 550 registered births each year that did not have a father’s name. That means in the span of 5...
Should parents give their children cash rewards? In this post, we adopt a balanced view on whether parents should use incentives (cash or gifts) to motivate their children. Firstly, why do parents use cash to reward their children? I believe that every parent deeply...
Being a working mum is a tough job, and you know this better than anyone. Not only you’re likely to spend more time doing unpaid care work - housekeeping, childcare and elderly care - in comparison to your partner,...
Saturday Plans Every Saturday morning at 630am, my two year old son wakes up exceedingly happy because he knows I get to bring him for his gymnastics class at Forum. First, he sits on me and bounces a bit, before...
Doesn’t matter what your age is? Birthdays make every age bracket feel special, especially for the little wonders. Birthday is the time which gives parents a full scope to make their kids feel special, astonished and loved. For kids,...
People always talk about the glow you get when you’re pregnant, and the excitement of shopping for baby clothes, the crib and all the cute little details of the nursery. And while the journey through pregnancy and into motherhood...
Raising a child can be exhausting, physically, mentally and emotionally. However, the fulfilment of knowing that you have done your part in ensuring that their wellbeing is taken care of lasts a lifetime. If you ask parents with autistic...
Currently, there is an increasing trend of late motherhood in Singapore and many other countries throughout the world, as rising numbers of better-educated women choose to postpone marriage and childbearing in pursuit of career development. Nevertheless, there are heightened...
Singapore is a small country, and one can easily be bored without going for a holiday. Are there really nothing worthwhile to do and spend some good time during the weekend than checking out new cafes and staring into...
47,165FansLike
8,798FollowersFollow

Recent Posts