Skip to main content

5 Tips to Help You Protect Your Family Financially


Pexels - CCO Licence

Managing your family’s finances can help to protect your future and give you peace of mind. When you take a strategic and long-term approach to financial issues, you have the opportunity to cover your costs, increase your savings and avoid unmanageable debt. 

What’s more – you can ensure that you’ve got the finances to give your kids a helping hand when they reach adulthood. If you want to take better control of your money, take a look at these five tips to help you protect your family financially:

1. Rethink Your Budget

If you’ve got a good income and some disposable cash to enjoy at the end of every month, it’s easy to assume that you’re managing your family’s finances well. However, it’s important to prepare for the future, rather than only living in the moment. By creating a household budget, you can determine if savings can be made and whether your mid and long-term goals are challenging enough to make a real difference to your future. 

2. Increase Your Income

By negotiating a salary increase or starting your own side hustle, you can substantially increase your household income. With hot shot companies, for example, you can pick and choose the work you do by bidding for available jobs and contracts. Giving you the flexibility you need to fit a second job around family life, this type of side hustle allows you to combine your priorities and even do something you enjoy. 

Pexels - CCO Licence

3. Take Out Insurance

If you don’t have insurance in place, an unexpected bill can decimate your savings and put your family’s finances in jeopardy. This is why it’s important to take out vehicle, property, and even health insurance. However, you may also want to consider purchasing a life insurance policy. While no-one wants to consider not being around to provide for their family, knowing your loved ones will be financially secure in the future will give you peace of mind and them practical support, if it’s required. 

4. Make Investments

Making long-term investments can be a savvy way to generate good returns without accepting high risks. If you make informed long-term investments when your kids are young, for example, a good return could enable you to fund their college tuition or contribute to a house purchase in the future. While shorter-term investments are available, you’d generally need to take a relatively high risk in order to make comparable returns quickly.

5. Teach Your Kids About Finances

If you want to give your kids the tools they need to succeed in life, be sure to teach them how to manage their finances. When your children see you budgeting, forecasting, and being proactive about your finances, they’ll learn from your example. 

Being Financially Secure

Worrying about your finances is undoubtedly stressful, which is why it’s so important to have a financial strategy in place. No matter what your current financial situation is, there are a variety of ways you can improve it and protect your family’s future.


Popular posts from this blog

St. Patrick's Day Cookie Giveaway!!!

Since you all loved the other cookie giveaway I did last week I thought a St. Patrick's Cookie Giveaway would be another great one for those of you who have a sugar tooth.  :) This giveaway is sponsored by Gourmet Cookie Bouquets !  I personally have not tried these cookies but looking at the pictures of all the cookie bouquets made me ready to try them!  I absolutely love the creativity in all their Holiday Bouquets!    2 Lucky winners will win a fun St. Patrick's Day Bouquet that is valued at $50.  GOOD LUCK!  I hope one of my readers wins!! Use the rafflecopter widget below to enter the St. Patrick's Day cookie giveaway. The mandatory entry is commenting on this post, but once that entry is completed, various other entry options will become available. Any option is acceptable, but the number of entries per person are limited to the number indicated in the contest rafflecopter form. Entries will be reviewed and duplicate or uncompleted ones will be removed

My Memory Suite Review and GIVEAWAY!

MY MEMORIES SUITE Review and giveaway!  (#1 rated scrapbook software)  The above is one of the scrap pages I have created.  Super easy and super fast.  I only took a couple minutes to create a 8 page photo book.  I am still going to do some more with adding more embellishments!  The below is one I created all from scratch and it only took me about 5 minutes!  :)  SO EASY!   Here is a great video explaining more about the product.  There are also tutorials available on I am not sure if you are like me but I have spent hours online trying to upload photos to the web to place them into something I was trying to create.  THE BIGGEST BONUS to My Memory Suite is the fact that it is downloaded to your computer so you do not have to wait forever for a picture to upload! It made my experience much quicker then other programs I have used online.  The scrapbook software was very easy to download on my computer and did not take long to learn how to create.  :) One feature t

Liquid Chalk spray! Chalk Idea #7

Last week we tried out the fizzing sidewalk chalk- click here to read that review. This week it is liquid chalk spray.  They are a bit similar but yet different.  Here is how to make it: Supplies: 1 tsp. washable tempura paint 1 cup of hot water 1/2 cup of cornstarch squirt of dishwashing liquid 1 squirt bottle- I found them at the dollar store 1.  Add cornstarch to one cup of hot water whisking to mix so that there are no clumps. 2.  Add one teaspoon of washable tempura paint and a quirt of dishwashing liquid.  Mix well. 3.  Pour it into your squirt bottles and shake well. 4.  Go have fun!!!   This kept my daughters attention much longer the the fizzy chalk last week.  I also think this was easier to work with and just more fun in general.  I love seeing the chalk wet but then to see it dry.  I think it dried darker so it was fun to see the changes.  :)  Ready, Set, Go!  Have some fun! She is my little model... she kept saying "take my picture mom." She is like her