How Much Money to Save for Maternity Leave UK 2023

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Information How Much Money to Save for Maternity Leave UK 2023

Title	:	How Much Money to Save for Maternity Leave UK 2023
Lasting	:	17.48
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Views	:	10 rb

I hope you find this video helpful guys! I’d love to know how much you’re aiming to / have been able to save for your mat leave if you’re willing to share? 💸🫶🏼
Comment from : HomeWithShan

I’m currently pregnant due in December My partner and I pay 50/50 towards our mortgage bills etc but my partner earns a little more than me so I subsequently have gone into my overdraft and have a small balance on my credit card I really need to get these paid off before I can even start to think about saving I’m worried I won’t have enough time to save 😢
Comment from : Eve Jess

Great video! I'm also very fortunate to get 6 months pay so I've been working out what I need per month to pay my share of bills plus being comfortable and having a little bit of money left over for me I already had savings but I'm planning on saving as much as I can during the first few months of full pay when I'll most likely be house bound looking after a newborn :-) It's disappointing that we still have to pay tax and NI when on statutory pay, I really don't know how anyone is expected to live off of that money - Especially anyone that's a single parent!
Comment from : Faye Kilby

I wish SMP wasn't subject to tax- how much we actually get is less 😓
Comment from : The PartTime Homemaker

Thank you for the video😊 What about the additional costs of having a baby? Surely your expenditures go up with a new baby to provide for?
Comment from : Bethany B

I honestly on my first baby hadnr saved didnt have sod all savings newly married etc had to move because the flat was tiny etc and ended finishing work early i had the shock of my life after 6 weeks when my wages dropped! I ended up in debt and took years to pay off! I felt so much pressure nearly 8 years on i have 4 kids and learnt my lesson big time!! You just have to if possible simplify things and cut back where possible and remember its 12 months out of forever! Cuddles and walks in the park catch ups with friends cost nothing Also we were so lucky we got given so much by people! Xx
Comment from : Savvy Northern Mummy

I didnt do any calculations and after watching this im definitely going to be better prepared next time Me and my partner started putting away a set £200 a month each once i fell pregnant What i found helpful as well is the 5 months I was still receiving full pay whilst on maternity leave I kept putting those savings away as my income was no different at that point brSo my biggest tip is, unless you have put away exactly what you want saved by the time you go on maternity leave, if you get a good period of full pay whilst you are on materniry leave, use that period to keep saving as you were before leave
Comment from : Making a Mum

Remember SMP stops at 9 months/39 weeks!! So the final 3 months is £0 😭😭
Comment from : Karina joann Hyams

In Canada, it is or was! It's a part of Grade 11, and the course one needed to choose is or was called Society, Challenge, and Change Females who did take parenting classes all throughout, starting from grade 10, this all came standard Very few males would partake or choose such classes, so therefore, it was also included in the other! The education system is much different nowadays, so all this may be irrelevant or yet more relevant than ever I took my classes one year ahead generally I would always have to get pre-approval from the VP to do so I never took a parenting class, but it is scattered throughout some other courses that are not prerequisites and required for one to graduate
Comment from : Steven Rockwood

Controversial, but most people don’t realise if you’re only on SMP it’s worth applying for universal credit for maternity leave, even if you wouldn’t normally be eligible x
Comment from : Maddy Mulvihill

You are so lucky with what your employer pays I'm in South Africa and maternity leave is completely unpaid for mebrI could only afford to take 2 months off, so baby went to daycare at 8 weeks old
Comment from : Karin Seaman

Omg UK has such awful maternity leave/pay So sad
Comment from : G Mac

Won't your self employed - youtube income affect your SMP?
Comment from : Emma

It is possible, I put aside £500 each month while pregnant but I am having to go back at 9 months
Comment from : GuineaPigSecretsUK

Remember the SMP payment would have NI and tax etc deducted Only really affects people who get some sort of OMP payment ontop for part of maternity (to take you above the first tax line) but worth a thought if your only saving the minimum as I nearly missed this 4 weeks wow your pregnancy seems to have went so fast but maybe not for you Im going back to work next week after 9 months off with third kid but hoping for a lottery win so I don't need too 😂
Comment from : Jennifer Archibald

I live in Australia so it’s a bit different here, but I’m already planning how much I will need to save for my second which I’m not even planning on trying to conceive until end of next year! But I’m a single mum by choice so have to plan it out as there is no second income!
Comment from : Emma Taylor

Loved how informative this is I was not able to work with my last pregnancy, due to severe illness, so I was put on the ESA benefit It was NOT a fun time We learned so many things to stretch the budget Facebook marketplace became my holy place for baby stuff and meal prepping my new passion I couldn't imagine having to worry about maternity leave as well! You are all so strong and the way you share your knowledge for other women is amazing
Comment from : Nuna

Thank you for your video! I’m not too sure if I understood well but after your 6 months fully paid you you would only have another 3 for the government as the SMP is only covered for 39 weeks, is that correct?brbrThank you! ❤
Comment from : Carolina Gomez

This is so helpful ❤️ thank you so much Shan ❤️ I finally uploaded my first ever YouTube video today and will be documenting my pregnancy too !❤️ your confidence has helped me so much and made me realise I can do this ❤️
Comment from : Jacqueline Young

This is a really helpful video Shan - thank you for sharing your experience so openly and honestly I’m sure it will be useful to so many women out there ❤ I was the same as you and scraped by on my first maternity leave 🙈 I’ve definitely learnt from that and have started saving for another leave before we have even started trying for a second!
Comment from : Alyssa Harker

Such a helpful video for the mamas to be!!! I was so unorganised when I was pregnant with my George, as he wasn’t planned we literally didn’t save a penny & Maternity leave has been such a difficult time😩 x
Comment from : Jess Noble