Financial Advice Archives - MyBump2Baby
Baby, Toddler &
Family Directory

Search thousands of pregnancy to pre-school related groups, classes and resources:

Financial Advice

Finance Tips for New Parents

Finance Tips for New Parents

Becoming a parent for the first time is a magical experience,…
Why You Should Start Saving for Your Children with a Junior ISA

Why You Should Start Saving for Your Children with a Junior ISA

If you're looking for a way to start saving for your children,…

Income Protection Insurance: A Little-Known Form of Security for your Family

Here at Mortgage Style Ltd, we are not just independent mortgage advisers. We can also help you with other areas of your finances. One of these, which is actually not very well known to everyone, is income protection insurance. This type of insurance will protect you if you are off sick from work for a long period of time.

Finding The Right Mortgage For You

Finding The Right Mortgage For You When you’re planning on buying your first home together, there’s a lot to consider - and of course one of the major things is sorting out your mortgage.

How Can I Save A Deposit For A House?

How Can I Save A Deposit For A House? In our second blog in the series aimed at new parents and growing families, we take a look at ways to raise the necessary money to pay the deposit on a home of your own.
Is buying better than renting?

Is buying better than renting?

Buying versus renting – the facts Is buying better than renting? In the first of our series of advice blogs on buying a new home, we consider whether buying a property is better than renting for young and growing families. It’s one of the biggest decisions you have to make in your adult life - will you rent, or try to get onto the property ladder?
plan to make your familys future secure

Plan to make your family’s future secure

Financial planning for your family There’s no denying it, children don’t come cheap, but by planning ahead and managing your cash flow, you can take some of the stress out of raising a family. Plan to make your family’s future secure The cost of raising a child (excluding housing, childcare and council tax) from birth to 18 is £71,611 for a couple, and £97,862 for a single parent or guardian, according to the Child Poverty Action Group. https://cpag.org.uk/sites/default/files/files/policypost/CostofaChild2020_web.pdf

We need a bigger house so how can we get a bigger mortgage?

Growing Family – Your Questions Answered We need a bigger house so how can we get a bigger mortgage? The romantic cottage for two or the one bed apartment may have suited you before children but as your family gets larger, so may your need for space – how can you make this happen and what are the options?

Maternity Leave Mortgages

Maternity Leave Mortgages Whilst having a baby is an amazing experience- it can also be quite scary for working mums! You may be wondering, how will our finances be affected? What will they look like? Will we be able to manage money-wise? Since your income will most likely be reduced whilst on maternity leave- especially if you are only receiving SMP (Statutory maternity pay)- you may be worried about passing lender's affordability checks.

What is Income Protection?

What is Income Protection? Income protection insurance is an important thing to consider if you are either a working individual, or a working member of a family. MyBump2Baby are happy to bring you this article, written by Luke Stevens- director and protection advisor at- More Than Money. This article will cover everything you need to know about Income Protection.

Is there such a thing as a family mortgage?

Is there such a thing as a family mortgage? Getting on the housing ladder has never been so difficult - and for new parents or young growing families, getting help from family may be the only option. But if your parents don’t have the cash for a large deposit sitting in a savings account, how else can they help?

Children’s Critical Illness Cover

Children’s Critical Illness Insurance Raising a child is one of the most rewarding and joyous things we can do in life. But, ask any parent and they'll also agree it can be worrying, stressful and emotionally draining at times. No time is this truer than when your child is ill. 

The CRITICAL protection families seem to miss!

The CRITICAL protection families seem to miss! You always hear people talk about mortgage protection, but that is only half the equation when it comes to protecting your home and family. This is especially true if you have a dependant adult, someone who is disabled, or if you have young dependent children.

Top Tips To Save Money On New Baby Essentials

Little people have a lot of stuff. If you’re expecting, you may feel like there are endless lists of items to buy and you might be worried about covering the cost. Having a baby doesn’t come cheap but you don’t have to spend a fortune to make sure your new addition has everything it needs. In this guide, we'll explore some simple ways to save on new baby essentials. 

Remortgaging on Maternity Leave

Remortgaging on maternity leave With thousands and thousands of babies born each year in the UK, remortgaging whilst on maternity leave is a common concern. Remortgaging during this period can sometimes cause confusion and worry. If you’re having a baby, your life and your financial situation is likely to have changed a lot since your last application.
why every parent needs a will

What is the Importance of Parents having a Will?

At MyBump2Baby we understand the importance of parents having…

Mums Life Insurance – Your Options

Mums Life Insurance – Your Options Mums make hundreds of decisions every day. The buck very often stops with Mum! Yet, how often do Mums get support with key decisions like, "How do I protect my family should the worst happen to myself or my partner?". Why are more parents not assisted with Mum's life insurance?