Top 5 things new parents should do…

April 21, 2021

Rebecca Stelea

...apart from sleep.


We’re not going to tell you which buggy is the best buy or which nappies are the most sustainable, there are plenty of useful resources you can access and more often than not, these choices are down to personal preference anyway.


What we do want to help you start thinking about is the must-do list that you should go through before or as soon as your baby arrives. These are our top 5 tips for making parenthood a bit easier to navigate (especially when you’re brand new to it).



  1. Figure out what kind of financial help you’re entitled to receive
    Many people don’t claim benefits due to not even knowing they’re entitled to them. In fact, almost £800m in child benefits go unclaimed every year. Check your eligibility on www.gov.uk/child-benefit and apply on time if it turns out you’re entitled to some benefits.

  2. Open a Junior ISA for your child
    It doesn’t matter if you don’t have disposable income right now. Opening a Junior ISA is normally free and some providers allow contributions from other people. At Hapi, we even simplify the process and make external contributions very convenient so you don’t even have to share bank details with those who want to help build a secure financial future for your child. If you want to know more about how JISAs work, read our guide on this topic.


  1. Get family protection - income protection, health insurance & life insurance and even wills
    Yes, the boring stuff. However, it’s now more clear than ever that having things in order can make a huge difference so don’t delay these simple steps. They’re normally out of the way for years once set up.

  2. Get involved in your local community - playgroups, baby classes, parenting workshops, etc.
    Whenever you hear that it takes a village, you better believe it. Parenthood is an amazing experience but it can at times be a very lonely one too. Joining local events and meeting parents and children in your local area can really boost your good spirits and even encourage your child to build social skills early on. You should be able to find a yearly catalogue on your local council’s website.

  3. Look into childminders & nurseries at least 6 months before you need to go back to work
    Make sure you give yourself enough time to research all possibilities before returning to work. Go to nursery open days, visit local childminders and speak to other parents to see what options are best for your family. Don’t forget that all 3&4 year olds are entitled to up to 30 childcare hours a week and you might be eligible for tax free childcare too. Read this post for more information on this topic.


We can’t help you get more sleep but we can make you sleep better by helping you plan for children’s financial future. It all begins with planning and to make it fun you can start by joining Hapi Date Nights, our free five-week series designed to make you and your partner more comfortable with money and to set up your family and children for financial success.



Disclaimer:

All writers' opinions are their own and should not be read as personal financial advice.  Individual investors should make their own decisions or seek independent advice. As with any investment, your capital is at risk and may be going up as well as down which means you may be left with less than your initial investment.


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