The Dad's Leave Budget

Price your leave when the baby comes from your own paychecks and your leave terms in writing: a week of pay, every week of leave, the pay it gives up, the month after you are back, a set-aside that funds it before it starts, and the price of one more week

DadPulse's Cost of Raising a Child Calculator prices the child, from USDA's own figures: for one child in a middle-income family, $16,104 in the first year, in 2015 dollars. It has never priced the other side of that same year: the pay a family gives up while a parent is home on leave. The Dad's Leave Budget does that arithmetic from your own figures. A week of take-home pay from a real paycheck, every week of leave sorted into full pay, part pay or unpaid from the policy or letter that says so, the pay lost, the health premium the paycheck stops covering, the month after you are back with the calculator's new lines and a real child care quote, and a monthly set-aside that has the leave paid for before it starts. In its worked example a household's leave gives up $8,525.52 in pay plus $579.00 in premium; with $2,500 already saved, $943.51 a month for seven months funds it, and each extra unpaid week costs $1,281.10. Every figure in it is an example for you to replace, every total is computed by code, and it gives no legal, tax, benefits or medical advice: who qualifies for leave or pay comes from your employer and your program, in writing. Included: 24 printable pages, seven steps, four working pages, two reference tables, a quickstart, and a personalised sheet worked on your own calculator settings.

What’s inside

The full contents of The Dad's Leave Budget: your pay and your leave, the money around the leave, and the working pages

Step 1, The Take-Home Week Rule: a week of pay from a real paycheck, $1,184.60 for $2,369.20 every two weeks and $968.40 for $2,098.20 twice a month

Step 1: a week of take-home pay from a real paycheck, for any pay schedule
Step 2: every week of leave as full pay, part pay or unpaid, from the policy or letter, with the Department of Labor's FMLA line quoted
Step 3: the pay lost: part-pay differences plus unpaid weeks, for you and your partner
Step 4: the deductions the paycheck stops covering, a health premium first, in the leave fund
Step 5: the month after you are back: the calculator's new lines and a child care quote, with USDA quoted
Step 6: a set-aside rounded up to the cent that funds the leave before it starts and fits inside each month
Step 7: the price of one more week at home, against a cushion you choose
Four working pages: a pay week sheet, a leave map, a leave fund card and a set-aside ledger
Reference tables for a week of pay from any paycheck and the pay lost in a week of leave, and a quickstart that closes the score loop
A personalised sheet: your first year's new lines a month from the calculator, the set-aside for your leave fund, and the pay a week of leave gives up

Plus a second PDF, worked out for you

Run one of the free calculators first and buy from that page, and this sheet is computed from your own figures. Buy from here and the pack still arrives complete — the sheet simply has no numbers of yours to work from yet.

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