Can you afford a family? How a good financial adviser can help make having the dream of children a financial reality

Plymouth (27/09/22) – According to recent research, the average cost of raising a child to the age of 18 is £202,660 in the UK[1]. That is around £11,250 a year, or £938 a month, figures that may seem unmanageable to many of those longing for children, but a good financial adviser can help make that dream a reality according to national IFA firm Continuum.

These figures may rise considerably for parents who choose to have a nanny or send children to public schools.

The costs of housing and childcare, and the skyrocketing cost of general living, are putting many household’s budgets under increasing strain, even before they start thinking about a family.

The simple fact is that high costs are preventing some people from having the family they wanted.

However, a good financial adviser can help the many Britons get into the financial shape where they would feel confident in bringing the children they want into the world, according to national IFA firm Continuum

Sandy Pabial, Independent Financial Adviser at Continuum, said: “Parents’ incomes have struggled to keep up with soaring housing and childcare costs. Children make a larger home essential, while affordable childcare is vital if both parents need or want to work to bring in sufficient income.

“The ongoing cost-of-living crisis can make the future seem uncertain for those wanting to be parents. But a good independent financial adviser can help. We can’t provide day care for your children, but we can provide the help you need with your finances.

“You need to ensure financial security for a future that could be financially challenging, as well as essentially unknowable. My experience as a parent has shown me that children never do anything according to plan.

“Your first priority may be to secure an affordable home. Mortgage rates are rising, but by acting now it may be possible to lock in a deal before they go any higher – a deal which could help you secure the home you want with sufficient space for a growing family. It is possible to lock in a mortgage rate for 10 years or even more.

“A good financial adviser can also help you arrange the financial security your family will need. Life insurance for you and your partner, and cover designed to provide an income, even if accident, illness or unemployment meant you were unable to provide it yourself.”

Continuum was founded on the belief that financial advice is for everyone, not just the wealthy.

Martin Brown, Managing Partner at Continuum, said: “It is important to remember that building financial support for your family does not have to fall only on your shoulders.

“Expert help is vital to wealth creation and a good financial adviser can help you turn a vague target of financing a family into a clear plan with every step you need to take on the financial journey as a parent.”




Editors Notes – About Continuum

Continuum, headquartered in Plymouth, was established in 2014 by founding partner, Martin Brown, as a National IFA brand to offer a modern, new financial advice experience.

The business focuses on creating a three-way partnership between Continuum, the adviser and the client, in an environment where each party can only succeed and grow if the other parties also succeed and grow.

By educating customers through an award-winning financial education programme and offering our clients a loyalty programme, Continuum develops long-term relationships strongly endorsed though market leading Net Promoter Scores – most recent customer survey in May 2022 delivered a score of +93.

An in-house discretionary model portfolio service, My Continuum Wealth, was initiated in July 2021 to offer an exclusive MPS (Model Portfolio Service) to Continuum advisers.

Continuum now holds assets under influence in excess of £1.5 billion.

In December 2020 Continuum was awarded ESG kitemark (ESGmark) accreditation in recognition of its business approach of Environmental, Social Responsibility and Governance matters.

Continuum is a trading name of Continuum (Financial Services) LLP which is authorised and regulated by the Financial Conduct Authority. Continuum (Financial Services) LLP is a Limited Liability Partnership



Katherine Mitchell       07917 855881             [email protected]

[1] Time Money Mentor, 22/04/22

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