How couples should prepare themselves financially before starting a family

Having children is a life-changing experience. Beyond welcoming a new member into the family, couples inevitably face shifts in their financial habits and priorities.

In this story, we speak with Winston Lim, UOB’s head of deposits and wealth management, about how couples can prepare themselves financially before starting a family. He shares insights on what prospective parents should budget for, how to adjust household spending to accommodate a child and how to do so without compromising their lifestyle needs.