Tag: Financial Planning

Becoming a parent is an experience filled with immense love, joy, and, often, a healthy dose of fear. You go from having a world focused on your own needs to one entirely centered around a tiny, helpless human. For many of us, this new reality brings a torrent of worries—some you knew you’d have, and others you never even considered. Only now do I realize that creating a family risk management plan can help ease those fears.

My Journey Into Parenthood

I remember my own journey into fatherhood. Looking back, I was terrified. I had only babysat once for two hours decades ago and hadn’t even changed a diaper. To calm my nerves, I threw myself into preparation. I signed up for every community education class I could find from local medical groups, like:

• Baby Care Basics
• Babysaver (Basic First Aid & Infant/Child CPR)
• Baby and Toddler Diet
• The AAA Car Seat Safety Course

Side note. If you want to search for community classes near you, you can use this AI prompt:
I live near [CITY NAME] and am willing to travel [X] miles for in-person classes. Please list major medical groups (e.g., Providence, Kaiser, MemorialCare) offering childbirth, newborn care, and parenting education. Include direct links to class registration, note any insurance or cost requirements, and show 1–2 options for breastfeeding, baby CPR, and postpartum support. I’m also open to virtual classes nationwide.

I read every expecting parent book I could get my hands on, including What to Expect When You’re Expecting, Baby 411, Crash Course for Dads to Be, and more. I read more in those few months than I had in the previous five years. But I never felt ready. I needed my own way of mitigating my fears and preparing for the unknown.

As you become a parent, the worries evolve. Lately, I find myself thinking about smaller things, like whether they’re listening to their MP3s too loud or wandering too far when we’re at a museum using our reciprocal membership.

For a newborn, the fear of Sudden Infant Death Syndrome (SIDS) feels all-consuming. Then, with a toddler, your focus shifts to child-proofing the home. Later, with an elementary school student, the concerns become about gun safety, bullying, and online issues.

A wise person once said, “Just make sure he’s fed, clean, warm, and loved, and the rest will take care of itself.” For a newborn, this is almost that easy, aside from the lack of sleep. But as they grow, their world—and the potential risks—expand exponentially.

Why I Built the Spreadsheet

This is where a different kind of preparation comes in handy. Reading through each parenting and expecting book, I gained new knowledge on how to care for and protect my child. But each tip was part of the bigger picture of how to take care of a child—not how to protect a child. My mind needed something to analyze and evaluate in a different way.

Before I became a stay-at-home dad, I worked in management, often handling IT and regulatory compliance. A key part of that job was creating a risk analysis—a process of identifying potential threats, assessing their likelihood and impact, and developing a plan to mitigate them.

FREE Family Risk Management Plan Spreadsheet

I created a Family Risk Management Plan Google Sheet (preview) that applies this professional approach to the challenges of parenting. This isn’t for every parent—many will prefer a less formal approach- but for those of us who are planners, overthinkers, or love spreadsheets, this can be a powerful tool for peace of mind.

I’ve attached a risk analysis spreadsheet you can use as a template.

How to Use the Risk Management Plan Spreadsheet

1. Make a Copy: Click here to MAKE A COPY of the Family Risk Management Plan Google Sheet
2. Identify Threats: The spreadsheet comes pre-populated with risks in categories like Digital Security, Personal & Physical Safety, and Environmental. Feel free to add or remove risks relevant to your family.
3. Assess Impact and Likelihood: For each risk, decide the Impact it would have on your family (low, medium, or high) and the Likelihood of it occurring. The spreadsheet will calculate a Vulnerability Index based on your assessment. If you don’t have a mitigation strategy, default the likelihood to Medium.
4. Create Mitigation Strategies: For any risks with a high Vulnerability Index, develop specific actions to reduce that risk. Examples include “install outlet covers” or “create a family escape plan.” While the spreadsheet includes pre-populated mitigation strategies, be sure to customize each one to suit your family’s needs.
5. Assign and Review: Assign a person responsible for each task and set a review schedule. This keeps the plan active and evolving. The “Sorted” sheet will help you prioritize risks. A review schedule is crucial:
   1. For families with a newborn, a monthly or bimonthly review may be necessary.
   2. For families with a toddler, you may only need to review every three to five months.

I created this spreadsheet to bring clarity and calm to the chaos of parenting. This family risk management plan spreadsheet helps me stay intentional about how I protect my kids—and gives me a way to ask myself, “Am I doing enough?” Because, let’s be honest: having a newborn, navigating parenthood—it’s beautiful, but it can feel like too much. If this tool brings you even a moment of peace, then it’s done its job. 

And just in case no one’s said it lately: YOU are exactly what your family needs right now.