Maria and Charlene, Kent
“Providing for my children may be a much longer term thing than most families anticipate.” - Maria
Maria and Charlene are both teachers and live in Kent. They have been married for five years and have two children, Rufus, who is four, and Tilly, who is two, both of whom have special needs.
They feel financially secure and can afford for Charlene to stay at home and care for the children full-time. Maria takes on the role of planning their finances, keeping a close eye on things through a tracking spreadsheet of their incomings and outgoings. They regularly save into ISAs for Tilly and Rufus.
As both Rufus and Tilly have special needs, they anticipate they will need to care for them into their adult life. They therefore plan to work for as long as possible and don’t expect they will be able to rely on their children to help support them financially or practically in later life.