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Apparently we spend an average of £10,000 on our DCs in the first year of life

43 replies

SPBInDisguise · 24/02/2010 10:36

One of those non-news items - the cost of raising a child is now £200,000 or something like that, which I can believe. But £10,000 in the first year?! I suppose childcare for maybe 9 months could come close, but this is an average, not a top figure!

OP posts:
Bramshott · 25/02/2010 13:39

There is a bit more info here in the original press release, but not any breakdown of the figures by year - i.e. how they have come up with the £10,000 in the first year thing (although it's more than that - £13,000 - in the next few years).

venetianred · 25/02/2010 18:21

I think it is true. They include lost income and having to buy a bigger car. All the food and milk, wipes, all those little Boots and Mothercare purchases, clothes, nursery, paining, parties, champagne, Gaviscon cost me at least £200, tranquilisers (kidding).

It is the difference between having a child, and not having that child.

Now the cost of no. 2 child must be a lot lot lot less.

venetianred · 25/02/2010 18:23

I remember looking at my hospital bag, and wondering how much that little 'lot' cost alone.

ByThePowerOfGreyskull · 25/02/2010 18:26

I think if you add in the loss of income for that year then the cost of having a child is huge.

Emster30 · 25/02/2010 19:18

this is scaring me now - 19 weeks pregnant, not spent a penny so far, in fact I'm feeling rather flush as I haven't been buying pints in the pub. am hoping not to spend much to begin with if I can help it!

EggyAllenPoe · 25/02/2010 19:25

the cost of my first baby was £6k a year - that is the lost income from going part-time.

there is no way she costs any more than £1200 a year to run. DS did not lose me any income, and might cost £50 a month to feed ((he drinks lots of milk) and clothe, though again, not even that for the first 6 months. Dc3 will cost virtually nothing until we have to move to a larger house/ get larger car. but then, people do those things anyway...

anyway there's no way that figure is right - we just don't have £30k pa to spend, so we can't be spending it on our DCS...

cory · 25/02/2010 19:47

I was earning less that 1000/year when I fell pregnant with dd and nothing at all when I fell pregnant with ds so my children have come really cheap then .

And we didn't have a car, so no need to upgrade that either.

cat64 · 25/02/2010 19:54

This reply has been deleted

Message withdrawn

venetianred · 25/02/2010 20:14

That was easily how much it cost us.....but emster30 - you don't have to. Keep your head....use ebay....stick to basics....nursery furniture absolutely not necessary. Some people buy a second hand children's wardrobe and paint it up really prettily. Stick to the rule 'do I absolutely need this' and you will definitely NOT need to spend too much. I bought a huge roll of cotton wool that lasted about 2 months - saving me tonnes on 'wipes'. etc etc.

venetianred · 25/02/2010 20:15

....and prams...why spend £500+ when you can pick up great condition ones second hand.

thisisyesterday · 25/02/2010 20:18

haha there is no way I spent £10,000 on ds in the first year of his life. not even anywhere close to that.

ahhhh to have £10k to spend!

ButterPie · 25/02/2010 20:27

We are definitely better off now, with two kids and me as a sahm, than before we had any children. Most of their stuff is hand me downs or gifts, furniture is freecycle or hand me downs or gifts, DD1 just eats a bit of the food we are making ourselves anyway, we just add a few more veg to the pot or whatever, and DD2 is breastfed. We can't go out much and we have the time to do good cooking with cheap ingredients. Our semi in the suburbs is cheaper to rent than a small terrace in the party areas, and we get child benefit and tax credits. I can never understand when people say they "can't afford" a child.

Even when I went OTT in a shop the other day and bought her FIVE BAGS of toys and books for her birthday [spoilt pfb emoticon] it cost me £25. Playgroups are cheap or free, kids don't pay on the bus till they are older, and then it is a cheaper fare.

mummygirl · 26/02/2010 07:50

ok, how much do you think it does cost to "run" a child then (without absurd met leave/increased bills/changing house costs, just the child itself), preschool and school age.

I'm only interested because I live abroad (have lived in greece and now Italy) and would like to know some realistic figures. When I read these things in the press I'm thinking "we could have never managed to feed our three if we had stayed in england", but then so many people do without having to earn 100,000 a year.

going off to do my own maths now... Hope someone will come along with some figures. Thanks

ButterPie · 26/02/2010 10:14

Well, I have a nearly 3 year old DD and a 3mo DD. We live in a suburb near Newcastle.

OK, so I suppose if we didn't have the kids we might have rented somewhere smaller, but then we would probably have chosen to live in the city centre. Lets say we still wanted to live round here though, in a flat (as I don't think you can get one bed houses round here) so lets say there is an extra £100 a month on the rent and £25 on the council tax. Our utilities are about £70 a month, so lets say £30 of that is for the extra laundry and heating a slightly larger house. But you said to ignore bills, so I will.

Food is hardly anything extra, but I do probably get some things in that I wouldn't without kids. Being a SAHM means I have time to cook that I wouldn't if I was working, so I'd say that evens it out.

Clothes are mainly hand-me-downs, but if we had to buy them, I'd say maybe £30 - £40 for each size (so every three months) for the baby, the toddler is a bit more expensive as she wears more complex outfits, so maybe £80-£100 per size for her, but as she grows more slowly, that is only a yearly expense.

Nappies - the washables were mainly paid for with a grant from the council of £30, but we have topped that up with more expensive all in ones and so on at a cost of maybe £50. They have done both children though. Disposables are about £5 a week per child. Other toiletries (wipes, cream, nappy liners, bubble bath, shampoo, talc, lotion) might come to £10 a month.

No transport costs, as I would have a bus pass anyway if I was working and the kids go free.

No nursery costs, I'm a SAHM with good babysitters, but I think it costs about £15 a half day. You can get grants for 80% of the cost if you both work though.

Activities - dancing lesson costs £3.50, one playgroup we go to is £2.50, the rest are surestart so free. At home, we do crafts, maybe spending £2.50 a week on materials and play with toys, she has far too many, but I'd say we have spent maybe £100 - £200 on toys since the first one was born, and obviously they get recycled through children. The other stuff we do is free.

I'd say my main child related expense is drinks in cafes to calm down the toddler and so I can feed the baby. We can easily spend £10 in a cafe, just if we get a drink and a small cake each.

:/ I must have missed something out...

Anyway, we get about £120 a week in child tax credits and child benefit, so I think we are in profit by that reckoning atm...although I think costs will go up once the kids are too old for surestart and start wanting "things" and eating more food.

theboobmeister · 26/02/2010 10:26

What a load of crap. These figures were compiled by a company (Liverpool Victoria) which is trying to sell you insurance and investment products, are they seriously likely to reflect reality? Just look at their CEO's quote in the press release:

"It's always tempting to look at short-term measures when trying to save money. Whilst it may seem that cancelling insurance policies or protection plans is a good way of stretching the family budget, it's really important to keep the bigger picture in mind, to ensure your family's financial security would be protected if a parent were suddenly unable to work due to accident, illness or unexpected job loss."

So remember folks ... you can keep spending loadsamoney on toys, holidays, meals, clothes etc ... but FGS don't cancel your insurance policy!!!

mummygirl · 26/02/2010 10:40

oh, ok. Thanks for taking the time, this all seems so much more realistic than the paper articles. I'm sure they're very good at causing guilt to new parents who can't afford the brand new all dancing cot with the special hypoallergenic carved wood imported from Peru.

Emster30 · 26/02/2010 13:41

I'm hoping to get as many second hand things/hand me downs as possible, not just for the cost, but also for environmental reasons. It seems crazy to produce all these things that babies only need for a few months only for them to be thrown away. I'd be very happy if the only things we bought new were a cot mattress and a car seat, but I'm sure we will end up buying more than that! I'm trying very hard not to get sucked into the crazy pram world - it's like resisting a vortex. With my rational head on I'd like to try to get by on slings alone to begin with and then buy a cheap stroller a bit later on, but there are so many lovely prams out there...

childcare costs scare me to death though.

theboobmeister · 27/02/2010 10:27

Certainly you can save a lot of money on "stuff" - reckon I could have saved myself over �£1000 on pointless stuff I bought in year 1 ...

Moses basket. She wouldn't sleep in it. �£50
Cot. She wouldn't sleep in it. �£200
Bedding for useless cot. �£100
Weaning paraphernalia (plastic plates, bibs etc). Totally pointless. She ate off grown-up plates no problem and tea towels were easier than bibs. �£50
1 high chair that looked nice but was really inconvenient, later replaced with a better one. �£100
1 special booster seat with tray for weaning that also didn't work. �£40
Biodegradable nappies. 900 bloody quid!! Should have used cloth ones. Sadly, at the time I was too monged out from sleep deprivation to wield a calculator.

But the loss of earnings/childcare factor is the real biggie - measured in many thousands rather than hundreds. The figures are misleading because they give an "average" cost. Truth is, it depends on your individual earning potential and so there is enormous variation. After paying for childcare, travel, lunches, clothes, plus of course that oh-so-crucial insurance policy to cover you in case you lose your job, many people find the financial benefit of going back to work is so marginal that it's more sensible not to.

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