
In this economy, we're all asking questions about family finances. But what about pre-family finances -- the money moves you make before baby is born? We asked personal finance guru Carmen Wong Ulrich to weigh in when one mom-to-be had a question about her upcoming maternity leave.
Question: It's never a good time to go through an economic depression, but it's even worse if you're not going to be working for three months. I really want to go to part-time after the baby is born, but with the way things are looking how are we going to manage on one reduced income? Our neatly packaged plans are seeming less and less likely as the economic news gets worse. -- carreonme
See Carmen's response below -- and share your own.
Are you worried about the economy and taking maternity leave?
Plus: Watch Carmen Wong Ulrich's 'On The Money' Weeknights 9PM EST on CNBC!
Iam a mother of 4 and I need to get a job but I have not worked and got payed in years what sould I do???????????????? can you help me........
Thanks Dawn
Iam a mother of 4 and I need to get a job but I have not worked and got payed in years what sould I do
Thanks Dawn
I don't think this was answer was helpful at all!!! I'm newlywed and an starting a family is obviously something we want, but we cannot afford me staying . I was hoping to get some insight, I'm no expert, and I could tell you to be thrifty and get advise on message boards, that's all this woman said! and what's that about living "on one income rather than one and half can make more money sense"! Say hubby brings home 3k and wife part time, or after daycare expense, brings say 1k, in my book 4k is always better than 3k, you dumb idiot!
I Just had a baby on 10-4-08 and think I might be going thru post-partum depression. My mother (a registered nurse of 28 years) can't stand for people to even touch my newborn without washing their hands or putting germ-x on, and I would like to tell her that it's fine since I am breastfeeding, but what do u think? I am going through a tough time right now, and cry everytime she has something to say about the people wanting to see the baby, so please help me!!
Nikki,
I was the same way about clean hands around my baby at first- she just wants the best for the two of you! I would talk to your doctor about how you are feeling. Your doctor can guide you to additional resources to help you through this time. It will be hard, but you may have to tell your mother (in the nicest way you can possibly) that you understand that she means well, but you need time to recouperate peacefully and bond with your baby-without her interfering. It sounds like she is stressing you out! I would absolutely talk to a doctor about what is going on. HTH
Good luck,
Jennifer
Yes! I agree with your Mom. Newborns are susceptible to infection. Their little bodies can't fight off germs like our bodies can.
My newborn daughter caught an eye infection when she was 5 days old and needed to be on an IV in the hospital.
No harm with a little hand washing or germ-x!
Hi Dawn,
Start with what you know and who you know.
1) Where have you worked in the past or what job skills do you have (or are interested in learning).
2) Talk with family ,friends, neighbors and ask who is hiring.
3) Put together a resume showing you skills, education and work background.
4) Apply for jobs, attend job fairs.
Sometimes you can get a job through somebody you know or because someone liked your resume and wanted to interview you.
Good luck!
I *think* what Carmen is saying is to do your homework.
Figure out if you have enough income to cover your expenses while out on maternity leave and save up before your leave.
If you have a baby and choose to use childcare, figure out how much childcare will cost you.
- Does childcare cost you just as much as you are earning?
- If you are working purely for income then childcare = income does not make sense.
For us and our income, it made sense for me to work FT and Daddy to stay home with our daughter.
I am a mother of 5 all under the age of 9! I stay at home with my 2 year old. We are strapped for money and i would loved to get a job, but we really can't afford daycare so i thought a job from home online would be good but i never know what is for real. Do you have any ideas of things i can do online that isn't a joke or a money stealer?
Thanks,
Crazy woman :)
I just had my second baby 9 weeks ago. When we got preagnant this time last year , we had a well built savings account and I planned on taking three months off and then go back three days a week. I officially start back tomorrow , a month early, with a depleting savings account. I will work three days a week, but I need to find other income. ANy Suggestions?