LV= reveals raising a child is expensive
www.moneynews.co.uk > General finance > LV= reveals raising a child is expensive
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LV= reveals raising a child is expensive
Fri 7th Dec 2007
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And the organisation stated that a child may be set parents back £265,577 by 2012, from the birth until the age of 21.
Since LV= began such studies in 2003, the price of offspring could have increased by 90 per cent, it added.
Communications director at the firm Nigel Snell warned parents to be astute when planning for the future and said that it is never too early to begin thinking about these matters.
"This means parents will need to be switched on about their family finances more than ever, even though they have always known that raising a child is costly. With UK debt figures rising we would recommend starting financial planning as early as possible," he commented.
In related news, children's rooms are packed with items worth about£25.4 billion, Lloyds TSB has claimed.
Related News : General finance |
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Related News : LV= |
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