307 – Maternity Leave: Navigating Benefits and Preparing Financially

As a new parent on maternity leave, you'll have a lot to do. The last thing you want is to worry about how you will make ends meet. On today's podcast, we have first-time guest and Hoyes Michalos Licensed Insolvency Trustee, Julie Wildman. Julie is a mother of two young children and recently returned from her second maternity leave. She outlines how expecting parents can prepare financially for the income drop that happens during mat leave, how to navigate the different benefits available in Canada such as EI and parental benefits, and how to budget for increased spending on childcare. Julie also discusses the importance of paying off debt before going on leave. There's lots of practical advice in this episode so be sure to tune in!

Related Links:

Maternity Benefits Overview Canada: https://www.canada.ca/en/services/benefits/ei/ei-maternity-parental.html

The Secret to Budgeting Part 1: https://www.hoyes.com/blog/the-secret-to-budgeting-part-1-video/

The Secret to Budgeting Part 2: https://www.hoyes.com/blog/the-secret-to-budgeting-part-2-video/

Straight Talk on Your Money on Amazon, Kindle Edition: https://www.amazon.ca/Straight-Talk-Your-Money-Financial-ebook/dp/B074QWL3XG/