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Children cost 50 dollars a day

Date: Dec 8, 2007

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THE ARTICLE

The cost of raising a child in the UK is soaring and set to almost double again in the next decade. Parents can expect to fork out around $365,000 on raising a child from birth to the age of 21. This is according to a report by the UK insurance company LV=. The insurer reckons a child now costs $50 a day, with university being the most expensive years, followed by the early childhood period between two and five. LV= spokesman Nigel Snell said the statistics are quite sobering for both would-be and current parents. “The figures are quite staggering and it’s unrealistic to expect people’s income levels to increase in line with this rising level of expenditure. This means parents will need to be switched on about their family finances more than ever,” he said.

Spending on childcare and education accounts for over half of the expenditure at $200,000. On top of that, it costs $32,000 to feed a child, $24,000 to clothe him or her, and a mind-blowing $50,000 to keep them amused with toys, holidays, hobbies and presents. Pocket money, however, decreased by $100 a year in 2007. Mr Snell said he has sympathy for parents over the rocketing expenses they face: “As a parent of three, I know from experience that sacrifices have to be made in the early years, and many parents will have had to put some plans on hold to manage the costs associated with raising a family. Of course, every parent will tell you that it is all worth it, but making even small provisions and doing a little extra planning now could help new parents see their way more easily through the next 21 years.”

Bias – 
Euphemistic:
switched on about their family finances more than ever. would be. The figures are quite staggering.

P: To remind parents to make a preparation for not only their children but their future plan.

M: The list include amused with toys, holidays, hobbies and presents, pocket money “I think that this could be permitted if you are in a good financial condition, or this extra enjoyments are really unnecessary and could be restrain.

I: According to the society decreased their birth rate, so more and more people noticed the children play the important role and seriously responsible for their country, putting on the focus not only on Politicians but the hopeful seeds in field.

Comment:

Many people think that giving birth to babies can make a family into complete, but sometimes people take the dream too good to pursue and ignore the reality would lead them to be the dreamers instead of doers. As to the article mentioned “it’s unrealistic to expect people’s income levels to increase in line with this rising level of expenditure“ Everyone should make their own plans which could satisfy their financial condition unless prosperous trivial problems also can break down a country’s proactive thinking. Decreasing self problems becomes more realistic than to increase self contributions. As most people want to satisfy themselves as they want, so saving money was not an easy thing. Plan and spending money casually, when the things you less desire, you could save money this time and using it to buy the more essential things in practical.

 

 

 

 

 

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