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the financial cost of a child
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By (user no longer on site) OP
over a year ago
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just reading an article on yahoo news about some research done by LV
it says the cost of raising 1 child from birth to 21 currently amounts to (an average) £218,000
not being a parent myself, that figure did make me 
alas the article didn't give any breakdown and of course with any statistics we have to allow for a degree of inaccuracy |
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By (user no longer on site)
over a year ago
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It does cost a lot to raise a child, thats one reason why we only had one. Also they seem to want you to pay for things even when they are grown up. Fat lot of good me going to my dad when i needed money, i knew what the answere would be.  |
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£200 per week is a good estimate on average i'd say. when you consider food, clothing, entertaining them, cost of schooling, additional childcare etc etc
..thats why my son run naked on an empty stomach and can't read or write. My new 50" tv makes up for it though |
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By (user no longer on site) OP
over a year ago
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their figures suggest it equates to
£28.44 per day
£865 per month
£10,382 per year
LV claim that since they did their first 'cost of a child' survey in 2003, the costs have risen 55 % much of it in education related costs |
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By (user no longer on site)
over a year ago
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We have two kids, both well dressed, well fed (especially our boy lol), both spotless and have more toys, games and bits and bobs than we have space for and we don't spend nearly £200 a week!! £200 a week pays our food, electricity and travel for the lot of us...and we would still have change left... |
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By *ENDAROOSCouple
over a year ago
South West London / Surrey |
"We have two kids, both well dressed, well fed (especially our boy lol), both spotless and have more toys, games and bits and bobs than we have space for and we don't spend nearly £200 a week!! £200 a week pays our food, electricity and travel for the lot of us...and we would still have change left..."
We only have the one child but agree, don't spend £200 a week on her.
But do think she costs us more the older she gets. |
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"We have two kids, both well dressed, well fed (especially our boy lol), both spotless and have more toys, games and bits and bobs than we have space for and we don't spend nearly £200 a week!! £200 a week pays our food, electricity and travel for the lot of us...and we would still have change left..."
It is averaged out over 21yrs....
Wait until they are teenagers |
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By (user no longer on site)
over a year ago
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"
It is averaged out over 21yrs....
Wait until they are teenagers "
But isn't this £200 a week what the CSA base their target child maintenance costs at? Bit unfair that is  |
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By *andKCouple
over a year ago
Norfolk |
"
It is averaged out over 21yrs....
Wait until they are teenagers
But isn't this £200 a week what the CSA base their target child maintenance costs at? Bit unfair that is "
we've still got one living at home who is way of 21 - can we start claiming family allowance again for him?  |
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By (user no longer on site)
over a year ago
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no chance at all i would say i raise my daughter on average £10 a day tops. if you dont spoil them it shouldnt cost more than that. she has the basics but love is free. never asks for designer stuff nor expects the world for her birthday or xmas. maximum spent on each £50.she is a really happy healthy girl. raised my son the same and now he can money mange really well as he appreciates things more. |
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By (user no longer on site)
over a year ago
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Well I would love to work out where they get that figure... As I know mine don't cost me anywhere near that much...
I spend lots of time... We do many activities that cost little.... Like we go to the park.... We do craft etc... I however don't buy lots of designer brands...
I have 6 kids... Would have meant when all home me spending 60k a year just on my kids.. only had 52k at the most...
Think they must have done a study on some very eccentric parents.
Cali |
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By (user no longer on site)
over a year ago
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"Well I would love to work out where they get that figure... As I know mine don't cost me anywhere near that much...
"
Google " LV average cost of a child" there is a PDF report you can download... |
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"Well I would love to work out where they get that figure... As I know mine don't cost me anywhere near that much...
I spend lots of time... We do many activities that cost little.... Like we go to the park.... We do craft etc... I however don't buy lots of designer brands...
I have 6 kids... Would have meant when all home me spending 60k a year just on my kids.. only had 52k at the most...
Think they must have done a study on some very eccentric parents.
Cali "
it's all nonesence.
i know a couple who are solicitor and a doctor,
what they spend on childcare could never cover the cost of the time they missed with their children.
you cannot quantify children as they are truely priceless |
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By *un_JuiceCouple
over a year ago
Nr Chester |
If you're interested to know the extent of this Bussy i'll find out for sure but considering the national debt when a child is registered as a person it incurrs a duty to pay it's share of it.
We are all licensed as corporations at birth, the UK is a public limited company, it's subjects by definition slaves are all bound by the terms of this company and so must go through life paying off the debts amassed by it's country.
Crazy but true. |
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By (user no longer on site)
over a year ago
Forum Mod |
"£200 per week is a good estimate on average i'd say. when you consider food, clothing, entertaining them, cost of schooling, additional childcare etc etc
..thats why my son run naked on an empty stomach and can't read or write. My new 50" tv makes up for it though"
Hahahaha! thats tickled me
Ps is the TV 3D? |
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By (user no longer on site)
over a year ago
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Averaged over 21 years, sound about right.
Wish we'd known this before we had our boys, could've saved ourselves a small fortune.
Now we've got them I have to say, they're worth every penny |
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By (user no longer on site)
over a year ago
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LV dont happen to sell insurance policies that could help in the event of death or if you cant work to provide for that child do they?
Or am I just being cynical???? |
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I have no idea how much it cost to bring my son up, however, i do know it wasnt £200 a week. If you include everything, from food to electric and gas, clothes, haircuts ect, i would say it probley worked out at around £50 a week.
But if this is the average, i guess they may take into account children that are privatly educated. I do know that Jays daughter pays £180 a week for her eldest to go to kindergarten 3 days aweek and the youngest will be going soon. |
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By (user no longer on site) OP
over a year ago
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it doesn't include the costs of private education, but does include the costs of putting them through higher education
i dare say if the cost was birth to 16 then the figure would come down considerably
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By (user no longer on site) OP
over a year ago
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"LV dont happen to sell insurance policies that could help in the event of death or if you cant work to provide for that child do they?
Or am I just being cynical????"
i am always cynical of figures and statistics and did suggest in my opening statement that the accuracy was open to debate
the thing with statistics is that they can be tweaked to suit
for example, i could say that i was 'above average'
i have 2 legs, most people have 2 legs
some people have no legs or just 1 leg, but very few have 3 legs
so having 2 legs makes me (and everyone else with 2 legs) 'above average' in those terms |
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