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SAHP

A place for stay at home mums and dads to discuss life as a full-time parent.

Financially preparing for becoming SAHP

2 replies

Margo34 · 10/05/2021 10:51

Currently on Mat Leave with DC1 whilst starting TTC#2 and in all likelihood will be a SAHP for a couple of years as my job contract ended just before mat leave and I don't feel comfortable applying for new jobs if I'll (with any luck) be off on mat leave not too long after starting.

So please talk to me about the forgeyten finances of being a SAHP - not the 'what will I do for income' but more what you do about maintaining pension, life insurance etc etc.

I have an existing life insurance policy but the value took into account my earnings at the time and 'death in service' benefits which obv I don't have any more.

Basically I'd like to be as prepared as possible.

DH and I share our finances, joint mortgage and each have healthy individual savings too.

TIA for any practical insight!

OP posts:
Margo34 · 10/05/2021 10:53

*forgotten

OP posts:
Ollinisca · 11/05/2021 02:29

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