Every parent goes through the same thoughts: “Am I doing what’s best for my child?” and, “How can I get them the best start?” However, between homework and deadlines, even the most attentive can sometimes lose sight of what needs to be prioritized. Besides the basics, like love, care, and their next round on your cellphone, here are a few things that every parent needs to consider.
Many years ago, one could get by on good looks and hard work, but the world is not as forgiving as it was a generation or two ago. That’s why giving your child every advantage possible is imperative to launch them off successfully into the world. Private schools allow a more intimate and nurturing environment for your fledgling to spread their wings before they fly the nest. The benefits of smaller classes and more focus from teachers, as well as campus life and co-curricular activities, will be essential foundations to any thriving teen and young adult. Who wouldn’t want their child to have access to resources like books, computers, and supplies, not to mention the discipline and ideals that many private schools are known for instilling? College, like private schools, is also something that needs to be seriously considered. These days, many entry-level jobs require a degree in some form, and college provides a guided, though often as frantic, chance to learn to be an adult.
Budget, Budget, Budget
All you need is love, but money makes the world go around. That is particularly true when it comes to children. From the very first medical expenses of childbirth, through to food, clothing, and education, children and families are not cheap. Health care and insurance need to be considered and planned carefully, and storing away some emergency funds isn’t a terrible idea either. If you are parents who work, then transport and childcare will need to be up at the top of the list. College is one of the big expenses that you need to keep in the front of your mind, and you’ll only have 16 to 18 years to plan for it, so get moving!
Put Wills in Place
No one wants to think about the worst, but life happens and there is nothing we can do to stop it. A 2017 survey shows that as many as 58% of Americans do not have estate planning documents in place. Not only is it easy and quick to put the paperwork in place, but it could also potentially save a lot of emotional and financial stress in the event of the most unfortunate happening. Be sure to consult a legal advisor and follow the correct channels to ensure minimal impact on your loved ones.
The world is a scary place, but through your love, care and commitment, you can mitigate some of the harder parts of it and cushion some of its blows. With some careful consideration and lots of planning, you can proudly stand beside your child and watch them carve a path through everything the world has to throw at them.