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Work, Life, Balanced

What to Know When You Have an X-Year-Old...

By Allison Kade Feb 11, 2020

During the first hazy year of your baby’s life, your world is all about bottles and burping and Frida’s snot sucker. Which is so different from the year that follows—full of talking and walking and a developing little personality. 

And having a 2-year-old is very different from that, as is a 3-year-old and on up. By the time you’ve got a 10-year-old on your hands, you’re already staring down the barrel of puberty and middle school.

Of course, each new stage requires a different financial approach. With an infant, your focus will be on adjusting your finances to accommodate a new life. With a toddler, you’ll need to start thinking about school, camp and other expenses. If you have another child, the equation changes yet again.

We’re here to help. 

That’s why we created eleven different guides for what you need to know, from your baby’s first year to when your little one turns 10. Check out what to expect for each year, from how your child will be changing to how your finances can adapt.

Here’s to you, your family and the years ahead!

 

Fabric exists to help young families master their money. Our articles abide by strict editorial standards.

This material is designed to provide general information on the subjects covered. It is not, however, intended to provide specific financial advice or to serve as the basis for any decisions. Fabric Insurance Agency, LLC offers a mobile experience for people on-the-go who want a easy and fast way to purchase life insurance.


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Written by

Allison Kade

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Accidental Death Insurance policies (Form VL-ADH1 with state variations where applicable) and Term Life Insurance policies (Form ICC16-VLT, ICC19-VLT2, and CMP 0501 with state variations where applicable) are issued by Vantis Life Insurance Company (Vantis Life), Windsor, CT (all states except NY), and by The Penn Insurance and Annuity Company of New York (NY only). Coverage may not be available in all states. Issuance of coverage for Term Life Insurance is subject to underwriting review and approval. Please see a copy of the policy for the full terms, conditions and exclusions. Policy obligations are the sole responsibility of Vantis Life.

All sample pricing is based on a 25-year old F in Excellent health for the coverage amount shown. All samples are for a 10-year term policy, unless otherwise stated. Term Life Insurance policies (Form ICC16-VLT, ICC19-VLT2, and CMP 0501 with state variations where applicable) are issued by Vantis Life Insurance Company (Vantis Life), Windsor, CT. Coverage may not be available in all states. Issuance of coverage for Term Life Insurance is subject to underwriting review and approval. Please see a copy of the policy for the full terms, conditions and exclusions. Policy obligations are the sole responsibility of Vantis Life.

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A.M. Best uses letter grades ranging from A++, the highest, to F, companies in liquidation. Vantis Life’s A+ (Superior) rating, which was reaffirmed in April 2020, ranks the second highest out of 16 rankings. An insurer’s financial strength rating represents an opinion by the issuing agency regarding the ability of an insurance company to meet its financial obligations to its policyholders and contract holders and not a statement of fact or recommendation to purchase, sell or hold any security, policy or contract. These ratings do not imply approval of our products and do not reflect any indication of their performance. For more information about a particular rating or rating agency, please visit the website of the relevant agency.

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