Enjoying Now, Planning for Later – You Really Can Have Both
By Kanishk Swarup, Founder & Principal Adviser, Compound Wealth Planning.
As a parent, you are pulled in every direction – nappies, school runs, packed lunches, work deadlines, family life – and still somehow expected to have a long term plan. No wonder financial planning often slips down the list. We tell ourselves: “I’ll deal with that once things calm down.”
But the truth is, life doesn’t really calm down, it just changes shape.
The good news? You don’t have to choose between living well today and feeling secure about tomorrow. The key is to build a flexible plan that supports both. You can be present now and plan ahead – without burnout, guilt, or spreadsheets on the kitchen table.
Here are a few small but powerful ways to get started:
1. Get Clear on What Matters
Start with what’s important, not just numbers. What do you want your money to do for your family? More time together? School choices? A home that feels secure? Let your goals shape your decisions.
2. Know Where You Stand
Take stock of income, expenses, and savings. Don’t worry about perfection, this is just about building awareness and clarity.
3. Put the Big Rocks in First
Tackle key protections (like life insurance and wills), then start small, consistent savings (even £50/month) toward school fees, holidays, or a rainy-day fund. It adds up.
4. Build in Buffer
If every month is tight, consider a short-term spending plan – not to restrict, but to create breathing space. A little margin can ease stress and give you room to adapt.
5. Check in Often
Life changes quickly with young children. Set a reminder every 6 months to review your plan. Think of it as a progress check, not a pass/fail test.
The goal isn’t to be perfect. It’s to feel calm, confident, and in control – for today and tomorrow.
And remember – small, thoughtful steps taken now can make a world of difference in the years to come. It’s not about doing everything at once, but about making progress that feels right for your family. You’ve got this!
Kanishk Swarup, Founder & Principal Adviser, Compound Wealth Planning
