If you’re thinking about having a baby, you might want to take a look at this infographic. It’s a useful stats page for prospective parents. It takes you through the average costs of child raising, plus some other interesting stats and facts.
Having children is wonderful and so these figures are not meant to put you off. They should hopefully give you some idea of how to save money on the whole process. The process, by the way, lasts for usually 21 years. That’s how long you’ll be subbing your kids for and in that time you’ll be looking to spend on average £222,458 (which equates to about 5.8 Porsche Boxsters). The infographic breaks down this price into cost per year: £10,593, cost per month: £882, cost per day: £29. If you cut back in other areas of your life, you’ll be OK.
There are things you can do to reduce the cost and the infographic goes through some of them so don’t worry, have kids and worry about the bank later.
How much does it cost to raise a kid? is an infographic that was produced by Gumtree
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Very interesting infographic! The costs look really scary but I like that the infographic shows ways of cutting down on certain items. Ebay, charity shops and car boots will come in handy.