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TTC & Finances

2 replies

TTCWC2 · 19/10/2020 21:51

Hi all, a bit of a sensitive subject but I thought you guys were the best to ask! Myself and my husband were hoping to start TTC come the end of the year. We're trying to get as organised as we can with health and vitamins etc but one area we've neglected until now has been finances! I get 3 months full pay with work and then drop down to SMP which seems so daunting. It's quite a reduction in salary- we would be losing around 2k a month income. We've not got masses in savings (just over 1k) and now debating whether we should delay TTC to get some more in the bank. Just thinking of covering mortgage costs etc.

Has anyone got any tips as to what you've done or any advice in general about finances and TTC?

OP posts:
peachypetite · 19/10/2020 21:54

It would be wise to save up to make up for the shortfall in advance, yes.

NoSquirrels · 19/10/2020 21:57

If you’ll struggle to pay your outgoings then yes, you need to look seriously at what you spend and try to save up.

Childcare - whether that’s paying for nursery/childminder etc or one of you/both of you dropping hours to do it - is a massive hit to your finances for years after maternity leave. So get your calculators out now!

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