Don’t worry though the Daily Mail online has the solution:
“Want to beat the January blues? Stand on your head or flick your wrist with a rubber band”
Not convinced? Well here’s a piece of news I picked up on that will certainly make you reflect on the true cost of your priceless kids…
Million pound babies – almost!
The cost of raising a child (yes just 1child!) is £227,266 estimates the Centre for Economic and Business Research. Double that and you are forking out £454,532 and if you have 3 children the total cost is £681,798. Go ahead and have that 4th child and you are hitting almost a million pound price tag for your family. They don’t tell you that in sex ed. or at pre-natal classes do they?
That’s £10,822 per year up to age 21. Really? Okay this figure does include the cost of a university education and other non essentials like family holidays, but this does seem a pretty hefty sum to me – do you think? I’m sure that most of us come in at a cost that is well below this estimate but hay we still know how having kids can pop a hole in your pocket.
Well with this post Xmas sobering thought perhaps its time to take a look at your January finances?
Here’s a helpful list of New Year Financial Resolutions that will keep your finances fit and healthy this new year…
NEW YEAR £ RESOLUTIONS
How to be financially healthy, wealthy and wise in 2015
At last – a list of sensible and effective New Year’s resolutions that you can actually stick to. Here’s to a healthy and wealthy New Year!
By Claire Muffett-Reece
Got your New Year’s resolutions all lined up for January 1st, with losing weight and weekly gym classes top of your agenda?
As commendable as those intentions may be there are far more important ones to follow, with your family finances coming in top of the list when it comes to seeing in 2015 in stress-free style.
Healthy Bank Balances, Healthy Minds
“Looking after your health is admirable, however, the health of your bank balance should also be at the forefront of your mind,” reiterates Rebecca O’Keeffe, Head of Investment at online investment provider Interactive Investor (www.ii.co.uk).
“Recently, the Centre for Economic and Business Research estimated that it costs £227,266 to raise a child – a staggering amount for anyone to comprehend!
While this figure includes university education, many parents will probably find their obligations extend well beyond that, assisting with deposits for first homes and other costs, extending those obligations far longer than ever before.”
It therefore makes sense to commit to a New Year financial plan of action, working out exactly where you can save a few pennies – as well as reinvesting them – to get your family money back on the right track. Not sure how?
Take a peek at our top 10 master plan…
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