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How much does it cost to raise a child?

baby and coins-300For all of us a new arrival is an exciting time – but for many of us raising a child can be expensive.  Your little bundle of joy can come with a large price tag – but there are ways to give your child the very best start in life without breaking the bank.

Planning ahead can be prudent when starting a family. Some recent statistics from the CEBR (Centre of Economic and Business Research)* show that the basic cost of raising a child in the UK, up to the age of 21, has increased by 63% from 2003, with the average total cost in January 2015 standing at almost £230,000. Continue reading