Nearly half of Brits don't expect to have a secure job when they start a family, according to Santander Insurance.
Research from the bank warns that nearly half (48%) of people who plan to start a family in the future will not have set aside any savings either.
Two-thirds of those surveyed said they would not have paid off their debts (excluding a mortgage), by the time they've started a family and 83% say they will not have started to invest in a pension.
Richard Al-Dabbagh, head of marketing for Santander Insurance, said: "The financial commitments involved with all of these things are significant and against a backdrop of squeezed incomes it's simply not possible for every family to tick every box.
"However, some form of financial contingency is vital. Parents spend around £540 per month raising a child on average, which is why having some kind of provision in place to support their children if anything should happen to them is so important."
Here are five top tips for boosting your family finances:
- Invest in a savings account
- Set up life insurance
- Ensure you're paying into a pension
- If you're a homeowner, make sure your mortgage deal is competitive
- Make sure you have a will and it is up to date.