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Personal Finance News
01/11/12
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Money advice in increasing demand, says study
31/10/12
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Payment barriers exist for disabled and older people, says study
31/10/12
-
Gender differences apparent when financial planning
31/10/12
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Half of Brits shop with a basic credit card, says study
30/10/12
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Number of Brits sitting on forgotten direct debits - 2.68 million
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This Week's Personal Finance News Update
01/11/12
-
Money advice in increasing demand, says study
31/10/12
-
Payment barriers exist for disabled and older people, says study
31/10/12
-
Gender differences apparent when financial planning
31/10/12
-
Half of Brits shop with a basic credit card, says study
30/10/12
-
Number of Brits sitting on forgotten direct debits - 2.68 million
30/10/12
-
More than half of parents are unaware of Junior ISAs
30/10/12
-
Over 80% of advisers name 'cost & administration' as top employer concern
30/10/12
-
Brits left with £1.4bn repair bill during 'mischief week'
29/10/12
-
East of England landlords at apex of yield chart
29/10/12
-
Buyers more optimistic about Scottish property market
News
31/08/2012 17:24:39
Parents hit by over £1,000 worth of extra school costs
New research has revealed that parents are hit by £1,247 of extra school costs every year in addition to school fees.
Sheilas' Wheels home insurance found that by the time children reach secondary school this figure has reached £1,319 a year.
The top five costs are school meals (£242 per year), technologies and gadgets (£149), 'back to school' purchases (£143), travel (£140) and class trips (£137).
Other outgoings include £66 on music lessons and an average of £68 on after school sports.
Even during school holidays, the money keeps disappearing; with parents spending an average of £445 keeping their children entertained.
"Understandably every parent wants the very best for their children but … that often comes with a hefty price tag," commented Jacky Brown of Sheilas' Wheels home insurance.
"In these tough economic times it is no wonder that the costs associated with sending children to school are putting added pressure on family finances."
