I can save a house for each child I don't have.

413x

413x

413x

Caporegime
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Read an article on bbc just now which basically states

CPAG has said cost of child has risen to 148k

I don't really know what they base this figure on or if it's real.. But that's a lot of money!
Surely it can't be that much after tax?
 
I don't believe that figure really. Seems high.

Even still your point about not having kids doesn't really make total sense. Are you really going to push all that money that you would have spent on a child (out of necessity) in to something like a house? I think what would end up happening is that in fact you wouldn't save it all at all, and you would do as almost everyone does and just live within their means.
 
Also reminded my of a joke:

Lady: Do you drink beer?
Man: Yes
Lady: How many beers a day?
Man: Usually about 3
Lady: How much do you pay per beer?
Man: $5 with a tip
Lady: And how long have you been drinking?
Man: 20 years, I suppose
Lady: So a beer costs $5 and you have 3 beers a day which puts your
spending each month at $450. In one year, it would be $5400 correct?
Man: Correct
Lady: If in 1 year you spend $5400, not accounting for inflation, the past
20 years puts your spending at $108,000, correct?
Man: Correct
Lady: Do you know that if you didn't drink so much beer, that money could
have been put in a step-up interest savings account and after accounting
for compound interest for the past 20 years, you could have now bought a
Ferrari?
Man: Do you drink beer?
Lady: No
Man: Where's your Ferrari?
 
Depends how much your parents suport you, mine made sure we had no debt so covered all our uni costs without us having to take out any loans etc, costs over 40k to put my sister through her Law degree and another year of study.

Looking after a kid isn't cheap, even simple stuff like family holidays abroad and christmas presents add up when you do it for a good 18 years or whatever.
 
http://www.cpag.org.uk/sites/default/files/CPAG-cost-child-2013-0813.pdf

Here is the CPAG report which issued these claims for anyone interested, haven't read it myself yet but hopefully it provides reasonable details. Pdf file download btw.

Edit - Well (from what I can understand) it seems the BBC assumes that the average family raises a child with full time childcare. The report calculates the average cost of raising a child to be £81,722. Throw full time childcare into the mix and it becomes £148,105.
 
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