Savings For Children

father and son

In 2020, the additional basic cost of a child, from birth to age 18, was £71,611 for a couple family and £97,862 for a lone-parent family*. 

There are many different ways in which you can save and plan for the obvious costs we associate with having children: university fees, first car, first home… the list goes on.

Giving our children a helping hand in life is part of our role as parents, to include this within our financial plan helps these expensive times feel less painful.

*Source: Child Poverty & Action Group, www.cpag.org.uk