We’ll just have to sell him then

If you can believe it the average cost of raising a child is said to have reached £194,000. This equates to £9,227 a year from birth to the age of 21 according to research from insurer Liverpool Victoria published yesterday. That is equivalent to £769 a month, or £25 a day.
Worrying enough but what if you have three? Well, if you’re a mechanic your average salary is about £25K and your kids will cost you nearly £28K!
This ‘news’ is just another scare story as the economy dives, bills mount up and jobs look increasingly iffy. Truth is, if we ain’t got £9,227 a year to spend on a child then we won’t spend it. We’ll spend what we have to in order to balance our finances across the mortgage payments, utility bills, personal loans and daily living costs. It’s what people do!

January 27, 2009 at 9:50 pm | Loans General Info, personal loan | No comment

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