Tips for surviving Maternity Induced Poverty.
I had known it was coming for 9 months but I still felt powerless to stop it. Not my baby dear reader, the end of my maternity pay . The last 3 months of maternity leave are by far the hardest. It’s the time when true MIP (or Maternity Induced Poverty) sets in, and while the priceless time with your baba more than makes up for any financial hardship MIP doesn’t have to be so tough. Here are some tips to help keep your head above water until you’re safely back at work - and spending half of your income on childcare: Save — let’s start with the hardest. Nobody likes saving and with a baby on the way, or already here, finding those extra pennies can seem impossible. But, saving doesn’t have to mean a huge sacrifice to your income. Filling up a change jar can make a big difference and give you a surprising amount of silver to spend at the end of the month. Credit unions are another great option for savers. Based in the heart of most communities they offer ...