Money issues??

*Valerie* · #1 January 8th, 2007, 07:28 AM

This is usually an issue for most expectant couples. Have you talked about this--like insurance, SAH, WAH, or continue working, daycares....etc with your SO?

DH is very financially minded so this issue came up probably at day 1 when we found out we were pregnant. He had it all in his mind on what we needed to do/change with our finances

Plug--if it is an issue, head over to Financial Planning and ask BensMom or zacksmama for help!!!

PixieQueen · #2 January 8th, 2007, 07:32 AM

I wish I could be a SAHM, but it just isn't plausible. We have pretty much decided baby will be on his insurance and we will try to alternate schedules so that we don't have to pay for daycare.

#3 January 8th, 2007, 08:25 AM

We put off kids for a long time and money was a huge reason why.. So now that the deed is done, we have two incomes, a year of maternity leave through our unemployment insurance (all working Canadians have to pay.) At a year, we'll evaluate my mental health and decide from there if it's better I went back to work or if I should stay at home.

Shyflutterby · #4 January 8th, 2007, 11:04 AM

SO, Makes no money, Works his butt of but doesn't get paid but maybe 100 a month for it. So I'm left with all the costs of everything, ANd only get a couple days maternity leave so I can atleast stay afloat finacially.

first_time_mom · #5 January 8th, 2007, 01:13 PM

my so will have finished his final year in college by the time i deliver, and all the big companies recruit from colleges so we're hoping he'll have a job in the city and not have to go to the states.

theres a really good social welfare system here so i will be entitled to approx 200 euro a week included with a graduates salary, will be enough for me to ba a sahm.

all going to plan!

PixieQueen · #6 January 9th, 2007, 09:42 PM

I need to move to Canada.

ericahex · #7 January 14th, 2007, 09:51 AM

I'm in Canada too so 55% of my income will come through for my year long maternity leave. My boyfriend makes a decent salary as well (it's not a lot but it's twice as much as my dad made and my mom made a bit babysitting when I was growing up). The health care system here is quite good as well and a lot of things are covered, except things like dental, as well as eyeglasses and cosmetic surgeries. However I'm still thinking about looking for a new job when I'm done maternity leave as neither my job nor my boyfriend's offers any kind of health insurance.

At the same time we both have a lot of debt to pay off, my credit is great though his is poor, and I'm going to open an account for the baby in the meantime. I'll be putting money into his savings account until it builds up, then once in awhile pulling some out to get savings bonds, stocks, and registered education savings plans. When I can get my debt under control (my parents have suggested they may give me some money to pay off a big part of it) I'll be looking at retirement savings, then stocks and bonds as well.

I'm turning 27 on Tuesday and my boyfriend is turning 31 in a few weeks so I want to get us started on savings and insurance. Also we're talking about buying a house but again, need to get our debt down more and his credit rating up. If my parents give me some money I'll apply it to the highest interest debt first (two credit cards), and we'll be getting a mortgage in my name only so we can get the best possible interest rate.

BellaMarie · #8 January 31st, 2007, 08:01 PM

I will be a stay at home mom. Both my husband and I are in school right now so all we do is pay bills and buy groceries. We are used to not living on much. Plus, if we are making more we are spending more, especially on daycare. We will get our budget worked out to be saving money, especially for a down payment on a house.

bevyvuska · #9 February 1st, 2007, 10:42 PM

I would love to be home at least part time. So we are goingdaycare to work toward that. I work full time & carry our ins & the steady income that pays the mortgages & bills. Hubby runs his own business out of the house & does fairly well, but it's not a steady paycheck. Thankfully his schedule is flexible & he can make his own hours, so he'll be the primary caregiver. Also my Mom just bought a house close to us & is changing to a job where she works out of the house as well, but won't have to go anywhere. So she has said that she can take the Baby if he needs to go to a client & I'm not home yet. So we won't have to worry about daycare & that expense.