There’s so much to think about when you’re a mum… Amongst it is making sure you take control of your finances and plan for the future. Here are 5 things all mums should do:
1. Have an emergency pot
It’s not about saving in case something happens, it’s about saving for when something happens. Savings could be the difference between a small financial seat-back and a major financial crisis.
2. Show your children the value of money
By involving your children in the family’s finances they’ll become aware of the value of money and learn good money management.
3. Get Critical Illness
Unfortunately statistics suggest the odds are stacked against us, as 1 in 6 women will suffer a serious medical complaint at some stage in her life.
Critical Illness Cover could provide you with a lump sum of money or a monthly income, allowing you to have financial peace of mind whilst focusing on getting back to full health.
4. Create a will with a trust
A trust helps you to ensure that your children will be well looked after by someone you trust and the money your children receive is distributed according to your wishes.
5. Purchase Life Insurance
Life insurance is one of the most effective ways to protect your family’s future. A great policy could easily help cover mortgage, child care costs as well as help secure a good education for your children and safeguard your loved ones from inheriting your debts.
Why Do All Mums Need Life Insurance?
Sadly over 13,600 parents who have children under the age of 18 die every year in the UK (Child Bereavement UK, 2018).
Yet, there are still over 8 million adults who have no financial protection in place for their dependents and according to Money Charity parents are under protecting their families by approximately £44,937, based on their mortgage debt alone.
Sounds crazy right?
The Longer You Wait, the More It Will Cost You
Get professional advise from a qualified adviser, who will take into consideration your needs and circumstances to find the best deals available for you and your family. For free and without even leaving your home.
Simply click if you’re a mum or a dad or the “Get My Free Quotes” button. You will then have direct access to BusyBeeLifeInsurance.co.uk, one of the UK’s leading life insurance sites for mums.
