Irish Wedding News
20/08/2013
Per child, parents will spend on average, £180 over the coming weeks as they prepare for a new school term.
The results reveal that £110 will go towards new uniforms and sports kits, £50 on school shoes, while £20 will go towards school bags and other essential items such as stationary and lunch boxes.
As a result of the costs, more than a fifth of parents will use their credit cards for the purchases, and one in 10 admit they will turn to the grandparents for financial help.
A further 15% of parents say they will need to dip into their savings to provide their children will all the new term essentials.
Some 58% of respondents said they are now turning to supermarkets to buy their children's school uniform in the hopes that they can save money, while 4% said they have to purchase the uniforms at the schools' choice of store.
38% of parents admitted they are worried about being able to pay for the costs.
Graham Pilkington, Nationwide's Director for Banking, said: "Even when the kids are at school, parents have to spend money. Following on from the summer holidays, where our recent research showed that parents are likely to have spent £1,000 per child, this latest expense makes the July to September period one of the most expensive of the year for parents.
"With more and more items required to send kids back to school in September, the financial burden is becoming even greater. Parents understand this with nearly two in five admitting that they worry about how they are going to pay for everything."
(JP/CD)
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Parents Face £1.5m 'Back-To-School Bill'
A new study by Nationwide Building Society has found that parents will face a massive £1.5m bill as they prepare to get their children ready for a new school year.Per child, parents will spend on average, £180 over the coming weeks as they prepare for a new school term.
The results reveal that £110 will go towards new uniforms and sports kits, £50 on school shoes, while £20 will go towards school bags and other essential items such as stationary and lunch boxes.
As a result of the costs, more than a fifth of parents will use their credit cards for the purchases, and one in 10 admit they will turn to the grandparents for financial help.
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A further 15% of parents say they will need to dip into their savings to provide their children will all the new term essentials.
Some 58% of respondents said they are now turning to supermarkets to buy their children's school uniform in the hopes that they can save money, while 4% said they have to purchase the uniforms at the schools' choice of store.
38% of parents admitted they are worried about being able to pay for the costs.
Graham Pilkington, Nationwide's Director for Banking, said: "Even when the kids are at school, parents have to spend money. Following on from the summer holidays, where our recent research showed that parents are likely to have spent £1,000 per child, this latest expense makes the July to September period one of the most expensive of the year for parents.
"With more and more items required to send kids back to school in September, the financial burden is becoming even greater. Parents understand this with nearly two in five admitting that they worry about how they are going to pay for everything."
(JP/CD)
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Lydia Bright Gets Candid About Giving Birth
Lana Del Ray Splits From Boyfriend
Angelica Ross Learns Of Boyfriend's Secret Life
Ashley Graham's Breastfeeding Struggle
Susanna Reid's Mother's Day Plans
Lin-Manuel Miranda Homeschooling Kids
Kristen Bell Speaks Of Pride For Daughters
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