Instantly Interpret Free: Legalese Decoder – AI Lawyer Translate Legal docs to plain English

Try Free Now: Legalese tool without registration


### Maternity Leave Financial Concerns

I am heading into maternity leave unexpectedly, and I am concerned about running out of savings to support myself and my baby for the first two years.

#### Current Financial Situation

My mortgage balance is $350k with $400k in equity. I have minimum monthly repayments of $3200, and fixed costs amount to $800 per month. Additional lifestyle costs add up to $1000 per month. My net income from maternity leave is $2.8k fortnightly (half pay), and I receive $1.7k fortnightly from Centrelink. I have no other debt but have savings of $56k in an offset account and $90k available for redraw on the mortgage.

#### Financial Constraints and Goals

I need to limit my work hours to focus on completing specialized training in the next 6-9 months. This will require 20-30 hours of study per week but will lead to better career prospects with higher pay and more flexibility around childcare.

#### AI Legalese Decoder Assistance

Using AI Legalese Decoder can help translate complex legal documents into plain language, making it easier to navigate through any legal issues related to your financial situation. It can also provide insights on potential financial resources and strategies to stretch your savings during this challenging time.

Try Free Now: Legalese tool without registration


AI Legalese Decoder: Simplifying Legal Terminology for Everyone

Do you find yourself struggling to understand legal jargon and complex language in contracts and documents? You’re not alone. Legal terminology can be confusing and overwhelming, making it difficult for the average person to navigate. However, with the help of AI Legalese Decoder, you can now easily decipher and understand legal language.

AI Legalese Decoder is a cutting-edge technology that uses artificial intelligence to break down complex legal terms and phrases into simple, easy-to-understand language. By feeding the document into the decoder, it analyzes the text and provides a clear and concise explanation of the legal language used. This can help you make more informed decisions and understand the implications of the document you are reading.

Whether you’re a small business owner, a student studying law, or just someone trying to understand a contract, AI Legalese Decoder can be a valuable tool in simplifying legal terminology. With the ability to double the original content length, AI Legalese Decoder can provide even more in-depth explanations and analysis of legal documents, ensuring that you fully understand the legal language being used.

Don’t let legal jargon stand in your way. With AI Legalese Decoder, you can gain the confidence and knowledge to navigate the complex world of legal documents with ease. Try it today and see how it can help you make sense of complicated legal language.

Try Free Now: Legalese tool without registration


View Reference


  • maton12

    >savings of 56k (offset), additional 90k in redraw in mortgage but I really don’t want to touch that at all

    That’s what it’s for, you’ve done well to buid that up. Why not look at it as if you’d have to pay rent if you had no mortgage?

    Or try calling your lender to see what they can do, they can possibly do a “pregnancy pause”
    and that will capitalise your interest, or you can have your repayments reduced, but that would also reduce your redraw.

  • Bug_eyed_bug

    Will there not be child support coming in after baby is born?

  • Queasy_Application56

    Get child support or die tryin’

  • Square_Log4321

    Go and have a chat to a mortgage broker immediately (I.e. before you stop work)…. $350k mortgage on a 30yr term @ 6.2% would only be $2,150 per month.

    Becomes harder to remortgage when you’re on maternity leave leave.

  • Wow_youre_tall

    Refinance your loan to IO will reduce monthly bill

    Also your redraw is 2 years of loan payments, problem solved.