Family finances

Juggling your finances when you have a family can be tricky. We’re by your side to help you minimise the financial impact of being a parent.

Parents have a lot to think about when it comes to managing family finances. Whether you’re an expectant parent, or already have children, it’s important to understand your options and plan ahead.

We’ve pulled together some valuable tips and useful articles to help you navigate some of life’s biggest milestones, while managing your finances effectively. 

Setting children up for life

Talking to children about money

Help children understand how money works and develop the skills they need. 

Teaching children about money

Help young people develop good financial habits from an early age. 

Should I give my child pocket money?

Learn when is best to start giving your child pocket money, how much you should give and ways to give it.

Financial planning for parents

  • Understanding your budget

    Explore our range of budgeting tips and tools. These could give you a clearer view of your essential bills and other spending. 

    How can I save for my child’s future?

    There are many different ways to contribute to a child’s financial future including savings, premium bonds, investments and pensions. 

    Save for something special

    Setting a savings goal can help you get there faster. Choosing something to aim for makes it real and helps motivate you to save. 

    Budget calculator

    Using our budget calculator might help you make extra savings each month, reduce your debts and prepare for the future. 

    Money management

     Our tips and tools can help you manage your bills and credit, while helping you save and feel better about your finances. 

    Personal review

    Are you making the most of your money? Book in for a personal review with a Banking Consultant from Lloyds Bank. It’s free and there’s no obligation.

  • Student finance

    Saving to send your child to university

    The student loan parental contribution tool, helps you calculate how much you should save to send your child to university. 

    Student finance calculator

    If you’re a full-time, part-time or EU student, get a quick estimate of what student loans, grants, bursaries and other funding you could qualify for.  

    Youth and student accounts

    Our youth and student accounts will help give the right start in life and prepare you for exciting times ahead - from childhood to university life. 

    Getting a job

    Ways to earn

    It’s a tricky question for teens: should you get a part-time job and build up some work experience, or focus on your schoolwork so you have the best chance of acing your grades?

    Financial future planning

    Acting as a guarantor

    If you become a guarantor for a loan or rental agreement, consider the legal and financial implications involved. Read this article for more information. 

    Lend a Hand Mortgage

    Saving up for a deposit on your first home isn’t easy. But our Lend a Hand Mortgage could give a lift to first time buyers as well as their families.

    Making a Will

    A will isn’t just about money. It can also appoint who should look after your children as a guardian if anything happens to you. It can also set out financial arrangements for your children as they grow up. 

  • Shop smart. Stay safe.

    Your child will always need to pay for things, from today’s fashion and music downloads to future grocery shopping and utility bills. Look at our top tips on how to shop smart and develop good money habits. 

    Social media scams

    If you use social media, be careful with what you share and who you connect with online. Fraudsters often use social media to try to scam people. This guide tells you what to look out for and how to stay safe. 

    Keeping your money safe

    When it comes to taking care of your accounts and your money, the most important thing is to keep them safe from fraud. 

Financial support for growing families 

Explore financial support that’s available for parents, from maternity and early years, to managing childcare costs as your family grows. 

Protection for your family 

Protect your family, whatever the future holds. Learn more about the different types of insurance policies, that could give financial peace of mind to you and your loved ones. 

Baby costs calculator

Use the MoneyHelper baby costs calculator to find out how much you’ll need to cover your baby’s expenses. 

Choosing a bank account for your child

Opening a bank account can help children get used to the world of money.

Smart Start

It’s never too early to teach children about money. Smart Start gives 11–15-year-olds their own Spending Account and Savings Account in one application. They learn how to manage their money, and you get oversight of their account - for peace of mind.

Learn more about Smart Start

Need to speak to someone

Free independent help and advice

There are many organisations that can help you with your money worries including free debt advice services and your government.

Get free help now

How we can help with money worries

It is important to deal with your money worries as soon as you can. If you are struggling with your payments and don't bank online or would like to know your options, we have support available.

Find out how we can help

Contact us

We're here to help. There are many ways you can get in touch with us.

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Important legal information

Lloyds Bank plc. Registered office: 25 Gresham Street, London EC2V 7HN. Registered in England and Wales No. 2065. Lloyds Bank plc is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number 119278.

Eligible deposits with us are protected by the Financial Services Compensation Scheme (FSCS). We are covered by the Financial Ombudsman Service (FOS).