How much does it cost to raise a child?
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?!
Dec 2009 costs
Jan 2009 costs
2003 costs (1st year of survey)
|Hobbies and Toys||£10,780||£10,313||£8,861|
|Leisure and Recreation||£7,772||£7,415||£6,366|
|Other (includes driving lessons, first car, birthday and Christmas presents)||£11,731||£11,207||£8,845|
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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