Maternity Leave Puts Mothers into Debt

The video discusses the financial challenges faced by new mothers during maternity leave. Fiona Chan, a former sales manager, shares her experience of unexpected debt due to childcare costs. Many mothers face similar issues, with expenses on essentials like nappies and formula adding up. The video highlights the use of credit cards and loans to manage these costs. It also addresses the significant income drop during maternity leave, forcing some mothers to return to work earlier than planned due to high living costs and inflation, resulting in lost time with their children.

What was Fiona Chan's profession before becoming a mother?

• Engineer

• Nurse

• Sales Manager

• Teacher

What is the average debt accrued by new mothers?

• £3,500

• £4,000

• £2,500

• £1,000

How much can a buggy cost for new parents?

• Up to £800

• Up to £400

• Up to £600

• Up to £200

What percentage of mothers do not save up before maternity leave?

• 20%

• 30%

• 40%

• 50%

What are some financial tools mothers use to manage expenses during maternity leave?

• Credit cards and overdrafts

• Government grants

• Savings accounts

• Investment portfolios