1. Increased family living costs: After having children, the family living costs will increase significantly. This includes baby products, diapers, milk powder, food, medical expenses, education expenses and so on. People will provide necessary support for children's needs and growth.
2. Give priority to children's needs: Children's needs will usually become the primary consideration for family consumption. Parents may give up some consumption desires to ensure that their children get the care and resources they need. They may give priority to children's clothing, toys, books and education-related products.
3. Investing in education and entertainment: Children's education is one of the focuses of parents. They may choose high-quality schools or educational institutions for their children and are willing to spend money to provide extra tutoring or training. In addition, parents will also invest in children's recreational activities, such as outdoor sports, art training, interest classes and so on.
4. Increased expenditure on health and insurance: Parents usually pay more attention to their children's health and safety. They may increase the coverage of medical insurance and purchase a more comprehensive medical insurance plan to ensure that children can get proper medical care in case of accidents or diseases.
5. Enhanced awareness of financial management: The birth of a child increases the financial responsibility of the family, so many parents will pay more attention to financial management. They may make budget plans, find discounts, reduce unnecessary expenses and start to pay attention to the long-term financial planning of their families.
These changes may be different due to personal values, economic situation and cultural background. Every family has its own unique consumption concept and trade-off factors, so the above are just some common changes in general.