Irish Wedding News
10/10/2014
Around half of that amount, is said to be spent on childcare alone.
The findings, published by Halifax, also said that the amount is now half the coat of an average house in the UK (£187,188).
Breaking down the £83,627 yearly cost, childcare before the infant even reaches school age accounts for £41,139.
The first year of a child's life is said to be the most expensive, costing £8,500 on average, and as they reach school age, less money is said to go towards childcare, the average cost falls to around £6,489.
On average each month, parents were found to spend £633 on their children, which accumulates to £7,602 a year.
Elsewhere, between the ages of nine and 11, they are said to be the most expensive years to feed a child. The monthly spend on food for this age was found to be £87; for those with children aged five to eight years old, they spent £71 per month.
The estimated costs were compiled from around 1,000 parents who had children under the age of 11.
The average monthly cost of raising a child, up to the age of 11, involves:
• Food – £77.41
• Schooling – £44.85
• Holidays – £59.17
• Clothes – £38.81
• Toys – £23.42
• Leisure and hobbies – £39.23
• Furniture – £18.35
• Personal care – £20.64
• Childcare – £311.66
Total monthly cost – £633.54
(JP/IT)
20/03/2020
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Angelica Ross Learns Of Boyfriend's Secret Life
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Average Cost Of Raising A Child Hits £84k
A new study has found that the average cost of raising a child to secondary school age has now hit almost £84,000.Around half of that amount, is said to be spent on childcare alone.
The findings, published by Halifax, also said that the amount is now half the coat of an average house in the UK (£187,188).
Breaking down the £83,627 yearly cost, childcare before the infant even reaches school age accounts for £41,139.
The first year of a child's life is said to be the most expensive, costing £8,500 on average, and as they reach school age, less money is said to go towards childcare, the average cost falls to around £6,489.
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On average each month, parents were found to spend £633 on their children, which accumulates to £7,602 a year.
Elsewhere, between the ages of nine and 11, they are said to be the most expensive years to feed a child. The monthly spend on food for this age was found to be £87; for those with children aged five to eight years old, they spent £71 per month.
The estimated costs were compiled from around 1,000 parents who had children under the age of 11.
The average monthly cost of raising a child, up to the age of 11, involves:
• Food – £77.41
• Schooling – £44.85
• Holidays – £59.17
• Clothes – £38.81
• Toys – £23.42
• Leisure and hobbies – £39.23
• Furniture – £18.35
• Personal care – £20.64
• Childcare – £311.66
Total monthly cost – £633.54
(JP/IT)
Top stories
20/03/2020
LeToya Luckett-Walker Is Pregnant
Charlotte Crosby Finds New Romance
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
Prince George & Princess Charlotte Now Homeschooled
