According to this article in the Guardian, the cost of raising a child has risen to £218,000: http://www.guardian.co.uk/money/2012/jan/26/cost-raising-child-rises-218000
Hardly seems possible, does it? Even spread out over 21 years, that’s still over £10,000 per year. It seems that the biggest costs are child care in the early years and college / university education in later years. But even the day to day costs of food, clothing, going out and the general expenses that children seem to incur can be substantial. It’s no wonder then that many of us are looking to make savings. According to the article:
“In order to reduce outgoings, 67% of those planning to make savings are hunting down lower cost items or “value” goods in their weekly shop. More than a third (35%) of those on an economy drive are buying items from second-hand shops, and 34% are making extra cash by selling goods on eBay and at car boot sales. At the same time, two in five parents (43%) have cut back regular savings and only a third (32%) have life cover in place. The parents with thriftier tendencies have cut spending on their children’s hobbies and toys by 5%.”
Well, you know Jungle in the City – we don’t like to miss out on a trend. That’s why we have reduced the cost of all our play to £2 per child per hour. We are just doing our bit to help make sure kids can still have lots of fun without it costing an arm and a leg for mum and dad.
We look forward to seeing you soon.
Jungle in the City.