Help For Parents

Category: Finance.

Help For Parents. This is true no matter where you may be.

We all know that having children can escalate one s expenses like no other. That is why different governments have various incentives and benefits for parents. It is actually handing out a pack called The Parents Guide to Money starting this summer. The Financial Services Authority in the UK is doing something more than providing these benefits, though. For what? The targets are parents to be.

To help parents manage their money and to have a guide on claiming benefits available to parents. This piece of news is actually creating waves across the British blogosphere. And don t new mothers have enough to deal with without worrying about how the financial regulator thinks they should be running their household finances? Take this post from Piper Terrett: I imagine this could be seen as yet another example of government- related organisations poking their unwelcome noses into people s affairs. The Daily Mail has predictably already run an article suggesting the scheme could breed another generation of benefit scroungers. It s likely that if you re part of a couple then you ll be struggling on one salary, possibly with maternity pay, and if you re a single parent with a limited income life is probably very difficult indeed.

But, while I can t speak from experience as I am not a parent, from witnessing the struggles of some of my friends, surely having a baby is a very disruptive time of your life when you need all the help you can get? Not to mention that recent research claims bringing up a child costs a mammoth �180, from the first, 00 Obviously paragraph, she is looking at the government being a meddler in this case. It sounds like a great idea. " "It s obviously a good idea. However, other people seem to see the pack as a positive thing: And far from seeing it as the FSA interfering, these new mums gave the guide the thumbs up. "Since when is putting out a leaflet meddling? " says Katherine. "That s not meddling, it s useful. I m just irritated that it won t be out in time for us, " complains Helen. It s a bit of a shock for everyone. " And budgeting is something that, it seems to me, has sadly gone out of fashion in this society where the credit card is king.

She also points out that, getting used to, as a couple living on a budget and relying on one salary isn t easy when you re accustomed to two salaries coming in. "It s really hard for men I think especially to accept that one of you is not going to be earning and you suddenly have to change your[ budgeting habits] . I tend to agree with these other people. The only thing it will do is to provide information so that new parents can make the most out of government benefits. I mean, this pack does not cost anyone anything anyway. At least, the government is, in this way actually taking steps to give practical help to its citizens. What do you think?

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