Take a little look below it’s shocking! May I suggest if you think you will spend 10k in your babys first year you need to visit Baby Budgteing a bit more often!

Check out how much prices have changed over the last 10 years….

Having children has never been more expensive, with the cost of bringing up a child until he or she is 21 at an all-time high of £222,458. This is more than £4,000 up on last year and  £82,000 (58%) more than ten years ago, when the first annual Cost of a Child Report [1] from protection specialist LV= was published.


Education and childcare remains the biggest expense. The cost of education* (including uniforms, after school clubs and university costs) has shot up from £32,593 to £72,832 per child in the last ten years – a 124% increase. Childcare costs have also rocketed from £39,613 in 2003 to £63,738 today – a 61% increase.

From birth to 21, parents spend an average of £19,270 on food and £16,195 on holidays – which now cost 4% more than last year. In fact, in the last decade, costs have risen in all areas of expenditure apart from clothing, which has seen a 5% drop.





% difference from last year

% difference from 2003







Childcare & babysitting
























Hobbies & toys






Leisure and Recreation






Pocket money































Source: LV=’s annual Cost of a Child Report  – released today


With the financial year coming to a close, it’s time to give your finances a makeover. If you have debts accumulating and your credit score is low, you can still use basic banking to organise the money you already have in order to get back on track.

Follow this five step plan to overhaul your finances and get back in control – it may be easier than you think.

pocket money

1. Create a budget

Work out how much you spend on fixed monthly outgoings and how much goes on variable items. You can then examine your variable spending habits and make necessary changes. The key is to create a budget that is reasonable which you feel you can stick to, then prepare in advance for expensive months that could involve birthdays or holidays.


2. Ditch the credit cards

Having many credit cards can mean multiple debts that are easy to lose track of. Stop using them as soon as possible and then focus on paying off one credit card at a time, starting with the one with the highest interest rate. Once one card is paid off, move on to the next. Reduce your amount of cards to one or two to break the cycle.


3. Open a basic bank account

Basic bank accounts are available to those even with very low credit scores. It’s a great idea to look for one that has a prepaid credit card scheme. These allow you to divide up your finances into essential monthly outgoings that you keep in your account, and money for variable outgoings that you put onto the prepaid credit card. This organises your money so that variable spending does not eat into your fixed monthly amounts, meaning you will always be able to afford your bills and rent.


4. Start paying all bills on time

If you pay your bills as soon as you receive them, there is no danger of forgetting about them or incurring late payment penalties. Swift bill payments will improve your credit score and allow you get a better feel for what your monthly outgoings are going to be.


5. Stop taking out loans

Loans can have secret high interest rates that can cause more debt. If you find that the money you already have simply isn’t enough to cover living costs, then it is time to consider secondary sources of income rather than resorting to borrowing.


These five simple steps are sure to get you back in control of your finances this spring. You’ll soon find that being sensible with your money really pays off!

This ia guest post from our Sponsors


I have been very busy earning money over the last 6 years of ‘not working’

  • I have sold old books on Amazon
  • Sold old highchairs, clothes bundles, cots and buggies on eBay
  • I have sold my second hand baby /child stuff at NCT sales
  • I have done online surveys
  • I have done a very occasional lecture/teaching day on a freelance basis for m y old job
  • I have done TONs of car boot stalls
  • I have run a Tiny talk baby signing business  1 morning per week – which I then sold for profit
  • I have written a book and had it published
  • I have been involved in market research groups
  • I have mystery shopped
  • I have developed my blog which now features the occasional sponsored post
  • I have marked essays for my old work place on a freelance basis

You're totally worth it but I'm a bit tired!

It’s a busy life being a stay at home mum!!!   In fact I know very few stay at home mums who don’t have to earn money.

 I remember talking about this with my lovely mum and saying it seemed so unfair that it was so hard to manage on one wage these days. She laughed and said it’s always been hard, people were just less materialistic years ago and didn’t expect so much or desire so much. She told me she had done many things to afford to be a stay at home mum, hand sewing, stuffing envelopes, offering childcare. Sounds familiar!

What do you do to earn a bit extra?


Fab guest post and profile from Donna Pinnell

 I have always worked, since I was an office junior at 16, I have loved the challenge of working and obviously this has supported my shopping habit over the years.  When I had my daughter in 2005, work took a back seat and whilst still working part time, having something that fitted around my family was most important (the mommy gene suddenly took over the shopping one)

I have worked a P.A, Buyer,(general dogsbody), HR Assistant and dabbled in sales but have to admit I was never going to be sales person of the month but when I came across Phoenix Trading,  I fell in love with the products and signed up to be a Trader within the week. I still have my “day” job but Phoenix fits perfectly around both work and my family, as you can do as little or as much as you want with your Phoenix business, it is entirely up to you! This blog is not a Phoenix sales pitch, far from it, the product sells itself, I just need to turn up with stock and smile alot (and even I can do that).

Phoenix Trading offer support and advice and the network of traders are there to offer guidance and even stock swapping if you need something urgently! They are the No 1 direct selling card company and this is amazing when, at the beginning of the year, I hadnt even heard of them! This goes to show how much scope there is for new traders! You have to like the product and be proud of it, you can’t sell anything which you don’t believe in but once you have seen the cards and accessories, you cant help but fall in love with them!
Unlike many franchises which involve significant initial investment, becoming an independent trader does not cost an arm and a leg. £45 will get you started, and you can also choose to buy one of three subsidised introductory stock packs from as little as £50.  I think this is one of the main advantages of Phoenix Trading as most of us don’t have large amounts of money to start. Have a look at the website and decide for yourself!  www.phoenix-trading.co.uk/web/donnapinnell Please note that I am an Independent Phoenix Trader and the views expressed here are my own and I am not speaking on behalf of Phoenix Trading Ltd. Phoenix has opened up lots of opportunities for me from both a professional and personal perspective. I have met some fantastic people and expanded on being able to provide cards into launching a gifts website www.littlelilypad.co.uk . Phoenix is a fantastic opportunity if you are looking for an additional income and if you are not, its a great place to find quality gorgeous cards and accessories at brilliant prices, perfect for moms on a budget! I am happily looking forward to continuing to build my Phoenix business around my family and life, what more can a girl ask for?
Please note that I am an Independent Phoenix Trader and the views expressed here are my own and I am not speaking on behalf of Phoenix Trading Ltd.


Our baby budgeting ‘Going Green’ guest post today is from  Margarita Woodley. Thanks Margarita for a really informative post!

I have been following Baby Budgeting for a while – what an “Ingenious” topic to blog on – after all Babies do cost a fortune! And all of us want the best for our children, providing them with as much nutrition, fun and experiences as possible! Thank you Baby Budgeting for all your ideas so far.

 Being a “little green” (note, the word “little” – I basically “try”), I was pleased to see the “Green Month” theme and even more pleased when I was “allowed” to contribute. There is one topic close to my heart, but I would like to submit two posts over two days which refer to it:

 The Nappy Mountain!


Photo curtesy of Kingston & Merton Nappy Network

 For first two years of your babies life, not only will you be using up over 5000 nappies, it estimated that these will cost you a minimum £800. Every additional half year will mean an approx extra 730 nappies at a minimum of £125 per 6 months! I think that these calculations erred on the side of “cheap” and minimum use. You will probably be spending more!

 There are two ways to help reduce costs and the impact on the environment. I will talk about one today and the other tomorrow….

 Firstly: Potty Training!

Out generation is encouraged by books, media, health visitors and (I don’t doubt) the nappy manufacturer’s to potty train our children later and later. Many families don’t even THINK about potty training until their child is 2.5 years old, let alone starting potty training at that age. And when they do, they frequently use the “half way” house pull up nappies.

 Now think: each month you probably spend at least £20 (optimistically cheap estimate!!). So every month you delay potty training, that is £20 pounds down the drain – in some cases children are trained 18 – 24 months later than it is possible (i.e. at 3 – 3.5yrs) – that is £360 – £480 wasted on nappies alone?! (not mentioning the cost of baby wipes or nappy bags).

 Our parent generation trained children around 18 months. Ok, this means the process is slower, more work and more infuriating, BUT if a child isn’t trained til 3.5yrs – that is at least £500 less spent by our parents.

 I potty trained mine just before his 2nd Birthday. It took 3 weeks (very boring) and we do still have accidents now (4 months later) – but this is normal. No one tells you this. Everyone tells you “we did in 1 day”, “we did in 3 days” – making you wait and wait and for “the right moment”. Some children will take 3 weeks regardless of when you do it. Some will do it faster. It is hard to decide when exactly is the right time.

 Pull up nappies just prolong the process and make money for the nappy companies. Don’t go there. They are a waste of money. Go nappy cold turkey and you will sort it faster. Don’t wait for summer. Do it when it is right. We did it over Christmas – in some ways winter was better, as when Red Ted wet himself it just went into his trousers and not all over the carpet.

 And here’s a scary fact: your child is more likely to experience incontinence problems if (s)he is trained after the age of 32 months  The ONLY observed downside of training early, is that it may take a little longer.

 Ok. Enough lecturing. Save money. Potty Train.

 Go to The Good Life Bloggers for some tips to help you succeed and to stay calm! Or to read our journey when Potty Training!