We expect household income to drop for several months during parental leave. Some costs will fall while new baby expenses and health-related costs may rise, so copying the current monthly budget would be misleading. We're building a cash buffer before leave and testing whether we can live on the expected reduced income now. What expense category caught you off guard when planning for a temporary income change?
Planning for parental leave when household income will temporarily fall
Simulated community examples only. Not financial, tax, investment, or legal advice.
- personal-finance
- planning
- parental
- leave
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