Maternity Leave Meeting
This afternoon, I had my maternity leave meeting to discuss the money part of being a mommy. Man oh man! I'm stressed!
There were some good parts and not so good parts of the information I learned.
So here's the gist: I knowingly signed up for the highest disability coverage because I knew I was going to try and have a baby this year. So I'm fully covered for disability, which means I get 60% of my pay for six weeks. Ah our system is whack. Not even close to full pay for only six weeks? Sucks. Anyway, I found out I would be getting a little bit more when I'm off from disability than I originally calculated. I will only be getting about 400$ less than my paycheck, which is good, it's much higher than I thought. Yay! Also, I found out that if there were problems during my pregnancy and I had to go on bed rest, it wouldn't affect my pay because I'd already be off in the summer. Double yay!
But there is also some bad news. Because of WHEN I'm having him, it's just before our insurance starts over so I will have to meet all new deductibles, when the ones right now are already met. BUMMER, this will make the medical bills more expensive. Also, the way our school district does it is that I don't get any checks from them until I come back, and when I do, all the time I was off will be deducted and averaged out on the remaining school year checks. This is not good because that's almost an entire school year of lowered checks because I have him at the VERY beginning of the year. The timing does not work in my favor on that part of it. Sad face. Lower checks, plus higher insurance and daycare in addition to normal bills is going to be hard.
The dispersment of funds will be interesting. I DO get a full paycheck from this school year on August 15th. Then right after I have him, I file my claim and should get another 2700 right after he's born. This is good to have some upfront, but what's gonna be tricky is making that last because in September, I won't get a Frisco check and will only get 1350 from disability so I'll have to make that last. Then October 15th, I will resume my lower school district checks. It's going to be tight.
The good news is that when I'm off with him, I won't be eating out, taking tolls, or needing much gas. I'm also hoping people will bring me lots food so maybe that'll take a hit off my grocery bill. Haha I know, I'm terrible. But seriously, I do think I spend way more than I realize on that stuff. I might surprise myself. My electric bill is much lower now that I switched companies so that will help, too.
I am pretty anxious and apprehensive about this topic but I chose this knowing it was going to be hard, so I just need to have faith that it's all going to work out. And poor or not, my son will be loved more than money can buy and that's what I need to be focusing on when I have these freak out sessions. It's all going to work out. I have to believe that...
There were some good parts and not so good parts of the information I learned.
So here's the gist: I knowingly signed up for the highest disability coverage because I knew I was going to try and have a baby this year. So I'm fully covered for disability, which means I get 60% of my pay for six weeks. Ah our system is whack. Not even close to full pay for only six weeks? Sucks. Anyway, I found out I would be getting a little bit more when I'm off from disability than I originally calculated. I will only be getting about 400$ less than my paycheck, which is good, it's much higher than I thought. Yay! Also, I found out that if there were problems during my pregnancy and I had to go on bed rest, it wouldn't affect my pay because I'd already be off in the summer. Double yay!
But there is also some bad news. Because of WHEN I'm having him, it's just before our insurance starts over so I will have to meet all new deductibles, when the ones right now are already met. BUMMER, this will make the medical bills more expensive. Also, the way our school district does it is that I don't get any checks from them until I come back, and when I do, all the time I was off will be deducted and averaged out on the remaining school year checks. This is not good because that's almost an entire school year of lowered checks because I have him at the VERY beginning of the year. The timing does not work in my favor on that part of it. Sad face. Lower checks, plus higher insurance and daycare in addition to normal bills is going to be hard.
The dispersment of funds will be interesting. I DO get a full paycheck from this school year on August 15th. Then right after I have him, I file my claim and should get another 2700 right after he's born. This is good to have some upfront, but what's gonna be tricky is making that last because in September, I won't get a Frisco check and will only get 1350 from disability so I'll have to make that last. Then October 15th, I will resume my lower school district checks. It's going to be tight.
The good news is that when I'm off with him, I won't be eating out, taking tolls, or needing much gas. I'm also hoping people will bring me lots food so maybe that'll take a hit off my grocery bill. Haha I know, I'm terrible. But seriously, I do think I spend way more than I realize on that stuff. I might surprise myself. My electric bill is much lower now that I switched companies so that will help, too.
I am pretty anxious and apprehensive about this topic but I chose this knowing it was going to be hard, so I just need to have faith that it's all going to work out. And poor or not, my son will be loved more than money can buy and that's what I need to be focusing on when I have these freak out sessions. It's all going to work out. I have to believe that...
::hugs:: Friend. I'm sorry. I know the financial aspect of having a baby is soooo emotionally trying, but things WILL work out. I know you believe that. :o) They always do. And you have lots of friends, family, etc. to chip in and help whenever and however we can.
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