Five Financial Tips for Parents this Mother’s Day
- On March 29, 2019
- By GrowthInvest Admin
Having a baby is a pivotal time in anyone’s life and the process of starting a family can change everything in an instant – not least a mother’s finances. A detailed financial plan is an important tool for any mother – not only to plan for their child’s financial future but also to mitigate any negative financial impacts that having a child can have on their personal finances.
Rightly or wrongly, social norms continue to dictate that women often become the primary care giver when a couple has children. One of the ramifications of this is that women can suffer a ‘motherhood penalty’, which can result in them having less money than their male counterparts.
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