How much will it cost to raise your children?

iStock_000013339740_ExtraSmallNew research has shown the cost of raising a child has risen over the past year. According to Quidoco.com, the cost of raising a child has increased to £2,774 per year, equivalent to a total of £51,000. However, as this figure only takes into account costs up to the age of 18 and does not include the cost of university or higher education, the real figure will be much higher for many parents. The research shows the biggest areas of expenditure are leisure ...

Cost of raising a child rises to all time high as benefit cuts begin to bite

Cost of raising a child rises to record levels, find out why hereA new survey has shown that the cost of raising a child has risen significantly over the past year, just as many households have seen their child benefit withdrawn. The latest LV= Cost of a Child Report, shows that the cost of raising a child to the age of 21, has risen to a staggering £222,458. The new figure is an all-time high, up £4,000 on ...

The rise of the ‘hotel of mum and dad’

Many parents are aware of the 'bank of mum and dad' concept, especially as the tough economic times have bit young people especially hard, however the 'hotel of mum and dad' also seems to be rising in popularity. New figures from the Office of National Statistics (ONS) show that almost three million people aged between 20 and 34 are still living at home with their parents. Are you a first time buyer looking for help?...