Thank you.
My So and I haven't talked in-depth on how it is going to work financially while I am on maternity leave. He makes good money, but also has some debts (student loans, car, and a house with no renters and is underwater). Financially he could support us with what he makes, but he isn't as budget minded as I am. We have had vague conversations about being a one-salary household while I'm on maternity leave, but I honestly didn't think I would get pregnant so quickly.
My current situation is pretty good, I make a decent salary. My only debt is one car note that I am using to help my credit score. I get a VA disability payment every month that will more than cover the car note.
By my calculations if I keep my savings contributions every month until maternity leave I will have approximately 65% of my annual salary in a savings account. If I stop contributing to my 401k then I could have 75% of my annual salary in savings. This is just savings account and not mutual funds and 401k retirement accounts.
Since we have been living together my projected annual living expenses would be 20% of my annual (take home) salary. His are obviously more because of the amount of debt.
Quick note about the house. He bought it during the boom. He was renting it until 2 months ago but the amount in rent was less than the mortgage payment. The renters broke the lease and vacated the house. I forget the exact numbers but I think he about $20k underwater and we just don't know what to do about the house. We now live in another state so we cannot occupy the house. He looked into refinance but they want 20% down because it is not our primary home. If it were mine I would sell it for a loss and consider it a learning experience, but it is not mine.