I’m a personal finance expert, but my attitude to money has changed now I’m a dad

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From getting life insurance to ensuring your savings are topped up, Myron Jobson says much changed financially for him after he became a father

As Father’s Day swings into view once more, I’ve been thinking about how my life has changed since

This shift in mindset started 15 minutes after midnight on a cold February day six years ago, when my daughter Jean entered the world. Holding her for the first time elicited an overwhelming feeling of love and triggered an immense sense of responsibility. In the moment, I vowed to do everything in my power to protect and provide for her.investing regularly– essentially practicing what I preached.

It’s worth exploring cost-saving measures, like buying essentials in bulk and making use of store discounts and discount vouchers, can yield significant savings. While past performance is not indicative of future results, history shows that even a “middle of the pack” investment fund – a basket of different investment typically consisting of stocks – is likely to compare favourably with cash over 18 years. So, you don’t need to be an expert stock picker to benefit. This significant growth potential is good for long-term savings goals such as funding your child’s education or ensuring financial security for their future.

 

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