First of all, congratulations! Hopefully you are bubbling with joy and glowing with the anticipation of holding your baby in your arms soon. Pregnancy is a time when even a scatter-brained woman like me suddenly becomes a super-organized planner. Well, I literally bought two months’ worth supply of diapers in my second trimester fearing stores might run out of them and I will be left stranded!
While you are making arrangements to welcome your new member, you must also be busy tying up loose ends of your work before you leave for your maternity leave. The good news for us is that now most companies in the public and the private sector offer paid maternity leave to women, ranging for the period of 3 to 6 months. The bad news is you don’t get that pay until you rejoin your workplace after the maternity leave. That means you have to keep your boat sailing on your savings during that “unpaid” time.
Setting aside a little money pool beforehand can ease up the load and cover your expenses until you receive your benefits.