New parents are now turning to baby registries and crowdfunding sites to help with their finances during parental leave.
Alisa Taylor-Parisi, an expecting mother in Panama City Beach, Florida, who set up a cash maternity fund on the registry website Babylist. Taylor-Parisi works as a manufacturing engineer at the company Oceaneering. The company offers 12 weeks of leave, but only four of those weeks are paid—and the paid leave amounts to only 60 percent of her normal salary. “When you first think about it, it’s no big deal. Then you do the math and that’s a substantial part of your income to not be getting given that your expenses are going to increase with baby stuff,” said Taylor-Parisi.
So instead of asking for clothes, toys or baby essentials, it seems the new trend is cold hard cash.
Some feel it’s impersonal. Also many times you are able to get cute, useable items for cheap or on sale. Giving cash only may be too much for the budget.
What are your thoughts when people ask for cash only?