Having a child is costly enough, but setting up a child with enough money to accommodate ever-increasing obstacles is another matter altogether. Data from Legal & General in its ‘Value of a Parent’ report this year set the cost of raising a child from birth to the age of 18 at £154,440, but this ‘day to day’ figure does not include university education, weddings or a deposit on a first home – expenditures that many parents take on for their child.
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