From new arrival to new graduate, it guides you through the key moments to ensure you’re the ultimate prepared parent.
Raising a child is as fulfilling an experience as it is challenging, but it goes without saying that you’ll want your loved ones to be covered for any eventuality. This graphic checklist, separated into key milestones, will help parents to focus on the important financial moments when starting a family.
Top Tip: Save at least three months' salary before the birth to get a head start on saving and plan your budget.
The average annual cost of raising a child takes up more than a third of the average UK household’s net income.
Top Tip: Make sure you claim child benefit before your baby turns three months old.
Top Tip: In England, the Government provides school meals for all children in Reception Class, Year 1 and Year 2.
30 years after graduation, any debt remaining on a student loan is wiped out. Until then graduates will pay back 9% of their annual earnings over £25000.
The average cost of raising a child from 18-21 is £53,445
That’s a monthly average of £1,113
There are over 1,500 roles, including engineering, nursing and accountancy.
Businesses, universities and colleges have worked together to develop practical, vocational degree courses.