School spending spree
03 September 2012 12:09:53
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| Parents spend £2bn preparing kids for new term |
For the individual family, that works out at a staggering £177.28 per child just for kitting them out with clothes, books, stationary and other necessities.
The running costs
And that's just the investment at the start. As well as traipsing across the high street to find the new-year essentials, Santander also predicts you'll be paying around £38 every week per child in everyday costs such as packed lunches and bus fares.
Education is even more expensive for those parents who drove[drive] their children into[to] school, with the average driver clocking up an additional 908 miles every year, costing £163.
School uniform costs
On average, parents found that clothing costs were the highest, with the typical school uniform costing £39 in total. And that doesn't include getting a nice warm jacket for the winter term, which is likely to set you back another £21.
Other expensive items at the top of the shopping list include shoes (£26), trainers or plimsolls (£19) and gym clothes (£17).
Unavoidable expense
Of course, we all want the best for our children, and so preparing them for the new school year is an expense which is impossible to avoid.
Alan Mathewson, chief executive of Santander Cards, had some wise words on the subject, advising parents to be careful about what they spend their money on.
He also said that there are ways to make the shopping spree easier to deal with, including spending on a cashback card which puts a certain amount of money back into your account every time you spend.
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Please note that the product links will take you direct to the Issuer or Insurer's site direct and we cannot be held responsible for the information which they provide within their own sites. On some comparison tables we use a star rating which rates products by visitor popularity.
