How much does it cost to raise a child?

1 min Read Published: 23 Feb 2010

Today LV published their annual breakdown of how much it costs to raise a child. So how much is it...........well apparently the answer is over £200,000! While existing parents will no doubt say 'i'm not surprised', I expect many soon-to-be parents are scrapping themselves off the floor.

The table below breaks down this jaw-dropping figure and even compares today's figures to those of 2003, when LV began the exercise.

But hey, it's only money right?!

Expenditure £

Dec 2009 costs

Jan 2009 costs

2003 costs (1st year of survey)

Childcare £54,696 £53,818 £32,853
Education £52,881 £50,240 £32,593
Food £17,490 £17,205 £14,918
Clothing £14,035 £13,281 £11,360
Holidays £13,207 £11,920 £11,458
Babysitting £11,003 £10,826 £6,760
Hobbies and Toys £10,780 £10,313 £8,861
Leisure and Recreation £7,772 £7,415 £6,366
Pocket Money £4,338 £4,144 £3,386
Furniture £2,770 £2,366 £2,074
Personal £1,107 £1,037 £925
Other (includes driving lessons, first car, birthday and Christmas presents) £11,731 £11,207 £8,845
Total £201,809 £193,772 £140,398

For more details visit LV's website here.

(As an aside, don't forget to claim your free £190 'Health in Pregnancy Grant' if you are an expectant mother. Click here for more info.)

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