Starting a family is one of the most exciting chapters in any relationship. It can also be terrifying. New parents are at times taken aback by the amount of planning and preparation involved in starting a family. Having an open discussion about each other’s expectations, conditions and readiness helps couples become visionary parents.

To help you plan for your new family here are a few tips you might want to consider:

Creating Life

Birth - often noted as one of the most beautiful aspects of life. The idea itself can create deep emotions of joy, happiness and hope. In reality though, pregnancy and birthing can be stressful and difficult. For many first time parents, the experience is very different from expectation. Be prepared. Ask friends and family for tips and advice. Talk with your partner about what may lay on the road ahead. And remember, no matter what, you will think that it is all worth it the day you get to hold your new baby for the first time.

Family Vehicle

While you may love your zippy sports car, it won’t do the job when it comes to transporting a family. A family car needs to be a sleeping chamber, play pen, feeding station, movie theatre and much more. It also needs to be big enough to carry you, your family and half of your life’s possessions on a road trip. So first up look at boot size and the ability to attach a roof box. Do you need to consider pet space as well? The dog or the cat might be the only thing that keeps the kids quiet on a long trip. Children are messy, so pick a car with vinyl or leather upholstery. You want something that’s easily cleaned with a simple wipe, rather than calling in the car detailing professionals. Another trick to avoid mess is a cup holder – for you, not the kids. When they drop something or need to be separated, you’ll be relieved your coffee is secure. Before you make a decision, you can compare the different models available.

Education Plan

Planning ahead when it comes to children’s education might save you from a combined emotional and financial breakdown. Most parents aren’t ready to be faced by the extra costs in education - tuition, books, uniforms, excursions, sport… it all amounts to huge dollars. Is a public secondary school enough or are you willing to spend the 344,770 THB to 517,125 THB a term that a private school can cost?

When it comes to obtaining a university degree, there are options of online education, vocational training or even international education. Do you know that university education in Germany, Argentina, Norway and Finland is free, even for students from overseas? You will need to learn the local language though.

Family Insurance

Starting a family also means ensuring their safety and well-being. This is where insurance plays an important role. Start reviewing your existing insurance plan, or like most new parents, get one if you haven’t gotten round to it. Family insurance is one of the most important components you need to include under the ‘new parents financial basket’. Consider spending some time researching on the options available, to find the best coverage for you.

Housing Situation

Review your current living situation. If it’s cramped with just two people, you need a bigger place. Some couples opt to temporarily stay with parents to help ease the financial burden while they save for a house.

Links to Third Party Web Sites

This web site contains links to websites owned and operated by third parties. These links are provided for your convenience only.

Tokio Marine Insurance Group has no control, endorsement, guarantee or representation on the accuracy, suitability, reliability of the contents or information contained on such third parties websites and is not responsible for their content.

In no circumstances shall Tokio Marine Insurance Group be deemed as being affiliated in whatever manner with the linked web sites. Tokio Marine Insurance Group shall not be liable for any damages arising from access to those web sites.