Bringing Up Baby: The Cost of Parenthood

fscs Bringing Financial Services Compensation Scheme Find out if your savings are protected at www.fscs.org.uk/protected/ up baby: The cost of parenthood FSCS protects your savings in UK banks, building societies and credit unions. So when you're expecting and bringing up a child, you can be sure your savings are safe. Here's what mums, dads and parents-to-be told us. Supermum! Superdad! Who takes superhero status in the financial, emotional and practical support stakes? of expectant parents are looking for F4% financial support from their partners 68% of expectant parents are looking for emotional support from their partners 28% expect practical support from parents and in-laws j00 42% ook to their parents and in-laws for information and advice will rely on siblings, for emotional support 0000 will rely on 4% friends and 3% FSCS protects your savings - fscs.org.uk/protected SCS fscs Financial Services Compensation Scheme Saving for parenthood Parents and parents-to-be tell us their attitudes towards financing their babies Very few plan to pay for baby using credit cards, loans or payday loans 80% of parents-to-be expect to do some/a lot of saving for baby £234 37% average monthly amount parents-to-be plan to save during of parents wish they'd saved or saved more pregnancy for baby FSCS protects your savings - fscs.org.uk/protected SCS Financial Services Compensation Scheme TOP parent purchases Expected costs vs actual costs Clueless about costs? It's hard enough planning how to be a parent, let alone how much you’ll need to spend! in reality. £176 expected cost.. £75 in reality. £105 in reality. expected cost. £75 £468 expected cost. £175 in reality.. in reality. £54 £133 expected cost.. expected cost.. £75 £35 FSCS protects your savings - fscs.org.uk/protected FSCS Financial Services Compensation Scheme Back to work after baby Parents-to-be and recent parents feel financial pressure. It's the main reason most plan to return to work. F2% say they did or will definitely return to work after their child was/is born say their main reason for 65% returning to work is to support family or pay the bills want to maintain 16% their careers 23% of mothers plan to take a year's maternity leave, then return to work 20% plan to go back to O work after 9 months FSCS protects your savings - fscs.org.uk/protected fscs Financial Services Compensation Scheme Visit us online at www.fscs.org.uk Are you protected? www.fscs.org.uk/protected/ Follow us on twitter, @FSCSnews Online interviews conducted between 29th January and 3rd February 2014 by Kids Industries UK, with UK adults with a child under five and UK adults who are either expecting their first child or planning to have one in the next two years.