What Products To Stockpile For Maternity Leave

Huggies Diapers Size 1

Deciding what products to stockpile for your maternity leave, and how much, is no easy task! It’s no secret that when you transition to maternity leave you will take a big hit to your regular monthly income. What can make it even harder is that the adorable bundle of joy you just brought into the world additionally has a not so cute impact on your bank account!

So, how do you cope? Plan ahead! They say hindsight is 20/20, and I fully believe it! This list is based on my own personal experience of what I wish I had stockpiled for our munchkin’s arrival, and what I will be stockpiling when munchkin #2 comes along! The best items to stockpile are the ones that will help counteract the new expenses being introduced to your monthly budget while you still have a regular income, and simply to help you still live life with as little adjustment as possible!

Products To Stockpile For Maternity Leave

Stockpiling Diapers–If you are planning on using disposable diapers, try to have at least your first 3 months already on hand by the time baby arrives. If you plan far enough ahead, you are given the luxury of waiting for clearance sales and coupons to combine with them to get your diapers at rock bottom prices. A good rule of thumb is to try and aim for $0.08-$0.10 per diaper or less. This will go up as the diapers increase in size as there will be fewer units per pack.

When calculating how many diapers you will need, keep in mind that for the first few months of your child’s life they will go through 10-12 diapers a day! So you can do the math depending on the size of diaper packs you purchase when you have enough for 3 months. If you have decided to go the cloth diaper route, make sure you have LOTS or your savings will go out the window in laundry expense!

Stockpiling Laundry Detergent–Since your laundry loads will likely triple in size and frequency, you will want to have lots of laundry detergent on hand at the lowest out-of-pocket price possible. If you wait for the right sale and collect coupons, you should be able to get your laundry detergent for $1.99 a jug or less.

Stockpiling Personal Care Items–Once your baby arrives, it will be very rare that you get a chance to treat yourself…or even think to! By stockpiling items like your favorite shampoo, body wash, etc., you don’t need to feel as though you are “going without”, and don’t need to spend money you don’t have to treat yourself!

Stockpiling Food–There are many foods that can be stockpiled and keep for long periods of time. But again, you don’t want to feel like you are sacrificing normal life by having to eat spaghetti every night, and want to make sure you are getting the nutrition you need if you are nursing! My best suggestion for stockpiling food for your maternity leave is to do enough freezer cooking to last 6-8 weeks, so you can eat good healthy homemade meals once baby arrives, and all you need to do is pop it in the oven! Check out 50 Freezer Meals in One Day for some tips and recipes I will be using later this month!

Stockpiling Fruits & Vegetables–Freezing sliced fruits and veggies is great for making quick smoothies! This will not only provide much-needed vitamins and nutrients to a nursing mom (and therefor baby!) but will give you the energy you need to get through your day on little sleep!

Stockpiling Paper Goods–Stockpiling necessities like toilet paper and paper towels is always a good idea! They wont expire, you know they will be needed, and they are items that will affect your routine if you run out unexpectantly!

I hope this preparation not only helps ease the financial stress a new addition can bring to your life, but also clears some of the mental stress of worrying about the “stuff”, so you can spend your time enjoying your new little bundle instead!

If you have any other suggestions of what products to stockpile for your maternity leave, please feel free to share so we can all learn from each other!

Save Big Live Better

Guest Post BioSave Big Live Better is a community of like minded Canadians who want to save money. Follow these tips and you will be well on your way to saving through stockpiling! To learn more about how to slash your grocery bill, check out Save Big Live Better for Canadian coupons, deals, freebies, and frugal living articles like this!

It's Not About How Much Money You Make It's How You Spend It

Are you NEW to Canadian Budget Binder?

If you are new Start here!

Do you want to post your Grocery Shop in the popular Canadian Grocery Budget Savings Game- The Grocery Game Challenge? Post your shop to Save Money and WIN!

Do you have a Question to Ask Mr.CBB please click HERE to ask him!

You can Follow Canadian Budget Binder on Twitter HERE or Facebook HERE and  Pinterest Here. 

Related articles

Surviving A Lower Income On Maternity Leave In Canada

Most parents-to-be struggle with the thought of living on a lowered income or some put off having a baby altogether for fear they can’t afford a child. I survived two pregnancies and two maternity leaves and made it through the after baby financial changes to our net income. I also have to mention that my marriage survived as well. You are laughing??

Just imagine, in a matter of seconds, you have more expenses and a lower-income. I am not going to lie, this is probably going to be the hardest thing you have done in your life. Lack of sleep, no time to eat or take a shower, not to mention the financial worries but I am proud to add, an enormous sense of accomplishment. I like to think that the worst is now behind me. There are so many things I wish I knew before I had kids but here I am now and I will share with you some of my precious findings. Here are some tips on how to enjoy parenthood instead of worrying about your finances and your sanity.

How much money will you get on Maternity Leave? While on maternity leave and parental leave, the basic benefit rate is 55 percent of your average insured earnings which currently as of January 1,2012 the maximum is $45,900 yearly. This means you can receive up to a maximum of $485 per week. Some parents work for companies that top up their salaries paying the difference between the maternity benefit and their normal salary. You can also make money while on maternity leave by selling items, working part-time, starting a blog or website, babysitting etc. 

Couponing is for everyone-Just like for everything else, when you want to save money there are many things you can do. The obvious one for my fans is couponing. You cannot imagine how much money you can save until you try it. It is just plain ridiculous! I still come from shopping shaking my head.  If I only knew about couponing BEFORE I had my children. So, a word of advice, get started now! There is a huge community of money-saving Canadians who use coupons and who will welcome you anywhere you go. Everybody can do it!

Cut back on Extras and Start Budgeting-Another very helpful way to save money is to cut back on the extras and know where your money is going. Have a good look at your expenses and determine what you can live without for now and for the long-term. Perhaps you could cut down on your pit stops to the coffee shop, cafeteria or remove your premium cable. You should decide between what you “need” and what you “want” to stick to the budget. Have you ever done the math to see how much you spend in the budget by eating out and buying coffee? You will be amazed at how much you can save in one simple step-eliminate or decrease this expense.

Get Energy and Water Smart-Now I am not saying not to flush your toilet anymore, but to stop watering your driveway and to turn off lights when you don’t need them. My favourite way to save electricity is to use my appliances off-peak. Most electricity providers offer lower rates during off-peak electricity times especially with the new smart meters. Off peak electricity is provided during set times and is typically between 19h00 and 07h00. I save around $60 dollars every month that way.

Stop Hoarding-A very nice way to put some money aside to survive on your lower-income is to make room for your baby. Yes, it is time to sell everything you have kept for no reason. The bigger the house the more useless stuff we keep. Make room for the mountain of baby clothes and toys that are coming your way.

Maternity leave doesn’t have to be a scary time as long as you plan in advance and think about where you want to be financially in your life. Take away all the “wants” and fill them with “needs” and surviving maternity leave will be come less of a burden on your finances and your well-being. 

Very special thanks to Mr. Canadian Budget Binder who gave me the opportunity to share with you what I have learned and how I survived a lower-income while on maternity leave. 

Guest Post Bio- I am Diane The Flying Couponer, a bubbly Flight Attendant who loves coupons. Every coupon!  I am couponing WORLDWIDE with my husband and our children! My blog is a savings haven overflowing with love and coupons. We are sharing each other’s knowledge and we are growing together. Stop by and check out my site and say Hi or you can find me on Facebook or Twitter! 

Are you NEW to Canadian Budget Binder?

If you are new Start here!

Grocery Game Challenge Rules

Do you have a Question for Mr.CBB please click HERE to ask him!

You can Follow Canadian Budget Binder on Twitter HERE or Facebook HERE and Pinterest Here. 

You can also subscribe to Canadian Budget Binder so you don’t miss a blog post. Fill in your email address on the HOME page of the blog off to the left where it says “Subscribe Via Email”- No Spam, I promise!

Are you on Mr.CBB’s Blog Roll? Check HERE… if not and you want me to check out your blog and add you, come introduce yourself.

Photo Credit: Copyright (c) <a href=’http://www.123rf.com’>123RF Stock Photos</a>

Making Money on Parental Leave In Canada

 

Can I make money while on Parental and Maternity leave? This is a frequent question my Canadian Budget Binder fans want to know. So, I went to Mom Expert Sarah Deveau Author of Money Smart Mom to share the inside scoop for our fellow Canadians wanting to learn about making some extra money while they are off work caring for their new bundle(s) of joy.

Here’s what Sarah has to say….

If you’ve just had a baby and are living on the reduced income of employment insurance maternity or parental leave payments, you might be wondering how to bring in extra income.

If you earn income while on the maternity leave portion of the benefit (the first 15 weeks), your earnings will be deducted dollar for dollar from your benefits.

If you work while you’re receiving the parental leave benefit, after the first 15 weeks, in the past you’ve been allowed to earn $75 per week or 40% of your weekly benefits, whichever is higher. Any income earned above that amount will be deducted dollar for dollar from your benefits.

However, due to the new Working While on Claim (WWC) pilot project, once you have served the waiting period, if your earnings are equal to or less than 90% of your weekly earnings that were used to calculate your benefit rate, your benefits will be reduced at a rate of 50% of your earnings each week. Any earnings that exceed this 90% mark, will be deducted dollar for dollar from your benefits. The 50% claw-back begins at the first dollar earned.

Due to negative feedback, the government is letting anyone on parental leave after January 6, 2013 choose which way they want their income taxed – the old way, or the new way.

For some examples of how these calculations work, see the Service Canada website. If in doubt, write to Service Canada and get their advice and calculations for your individual income level in writing.

Here are a few suggestions for ways you can earn additional income while on parental leave to help with your maternity/parental leave budget:

  • Drive a school bus
  • Offer evening and weekend babysitting for friends and family
  • Deliver newspapers
  • Operate a drop in day home
  • Sign up to participate in focus groups
  • Create a freelancing or in-home business in your area of expertise (tutoring, writing, music lessons, etc.)
  • Join a virtual office company in your area
  • Work as a casual employee, on occasional weekends or evenings when you have access to free childcare (spouse or relatives)
  • Sign up as a secret shopper (be sure to join a reputable company)
  • Work temporary jobs, such as seasonal retail help

If you earn money while on parental leave, you will be required to fill out regular reports. Be sure to contact Service Canada if you have any questions about earning or reporting income while on parental leave.

What other ways did you earn extra income while on Parental leave?

Guest Post By: Sarah Deveau is a mom of three, and the author of Money Smart Mom: Financially Fit Parenting. Visit her website at MONEY SMART MOM or pick up her book from Chapters Indigo.

Here is a Book Review that I did for Sarah once I finished reading her book… Money Smart Mom Financially Fit Parenting:  Book Review Mr.CBB.

Are you NEW to Canadian Budget Binder?

If you are new Start here!

Do you have a Question for Mr.CBB please click HERE to ask him!

You can Follow Canadian Budget Binder on Twitter HERE or Facebook HERE and Pinterest Here. 

You can also subscribe to Canadian Budget Binder so you don’t miss a blog post. Fill in your email address on the HOME page of the blog off to the left where it says “Subscribe Via Email”- No Spam, I promise!

Are you on Mr.CBB’s Blog Roll? Check HERE… if not and you want me to check out your blog and add you to my ever-growing blog roll simply click here and fill out the form. Introduce yourself and lets LINK UP!

Photo Credit:Copyright (c) <a href=’http://www.123rf.com’>123RF Stock Photos</a>

Book Review-Money Smart Mom-Financially Fit Parenting

A Book Review of Financially Fit Parenting written by Author Sarah Deveau

As you may already know Mrs. CBB and I have no children as of yet. We are hoping to have a child one day soon and this book was an excellent guide to answer some of our questions. When we hear about children and money we automatically believe it will cost a fortune to raise a child. That may be the case but if you plan and budget your money it may not be as bad as it sounds.

Sarah doesn’t miss a beat in this book offering tips on everything from making the decision to have a child all the way to budgeting and saving for the future.  All soon-to-be or wanna be parents like us should read this book and make notes and lots of them. You will learn everything you need to know about parenting tucked into this well planned out guide.

One of the most important topics is preparing for one income and adjusting the budget to show this change. I often have mothers asking me how they can budget while on maternity leave  and I often tell them to “live it” before the baby arrives. What that means is sort out a mock budget using as many figures as you can and live from one income to see if can be done. If not then you will know ahead of time what needs to be changed. Some parents decide to stay home for good and not return to work and this helps you to make a sound decision. It’s important to understand the basics of maternity and paternity leave before you set any plans in motion.

Sarah goes on to explain that  “after running the numbers,many families find that it just makes sense for one parent to just stay home with the children”.

While you are staying at home you no longer need to spend money on items such as work clothes, lunch, coffee etc. These out-of-pocket expenses that you won’t be spending need to be taken into consideration when budgeting for a one income family.  You both need to sit down as a couple and make a list of all the important details of  your budget. Make important adjustments to see if it is a realistic expectation to stay home and still pay all the bills.

Another money crunch in the budget when having a child can be all the baby items you need to purchase. I know that Mrs. CBB and I were terrified about all the baby stuff on the market. We truly thought how are we going to afford all of this stuff. Sometimes we walk through the baby section at the shops and the prices scare us. The sheer amount of gadgets on the market can really add up in the budget.

Sarah warns that they grow up fast, remember this speedy development also means they grow out of things equally as fast.

You can easily take advantage of the vast amount of garage sales in the summer time to find anything and everything baby related. You can scour the internet or mom to mom sales for cheap baby clothes and then some. When your child grows out of  things you can turn around and sell them to another parent. You can also take advantage of using coupons to stockpile diapers,bottles,formula etc.  before your bundle of joy arrives to save money in your budget.

Since reading Financially Fit Parenting  Mrs. CBB and I feel better prepared to make the right decisions for preparing to bring a child into this world. If you have questions and you want answers Sarah has them all in Financially Fit Parenting.

WIN A Copy of Financially Fit Parenting!

Here’s How………..

If you would like to WIN a Copy of Money Smart Mom- Financially Fit Parenting You must be a Fan/Follower of Canadian Budget Binder on either Facebook,Twitter,Pinterest or a Blog Subscriber to enter.  Tweet,Pin or link to this post or Share the Facebook Post then comment on this blog post to be entered. You must complete the above to be entered along with commenting on this post. One entry per email and per person.

Contest starts Saturday July 7,2012 and ends Monday July 9,2012 at 10am EST. Canadian Residents Only. Winner will be announced Tuesday July 10,2012. Watch for the post!

You can purchase Money Smart Mom-Financially Fit Parenting on-line at Chapters Indigo and visit Sarah’s website at MoneySmartMom for more tips and ideas.

If you would like Mr.CBB to review your book or product email me today!

Follow Canadian Budget Binder on Facebook, Twitter and Pinterest. We’re all waiting to chat.. come join us!