UK Wedding News
10/07/2013
The findings were released from AXA's Big Money Index today (10 July), and polled 1,000 expectant and new parents across the UK to discover what couples felt was the right level of financial comfort when adding to their family.
Over and above personal savings - and sometimes instead of putting money aside themselves – 31% of soon-to-be and new parents expect family and friends to pitch in financially, while 53% of those with a baby due to be born in 2013 are looking to their parents for a financial contribution in the first few months. Similarly, 12% expect their friends to lend a monetary hand.
A further 10% even expect friends and family to make a contribution to a savings account in the baby's name and 27% assume a family member or friend will purchase a pram or buggy on their behalf. One in five expect friends and family to purchase designer clothes for their newborn.
Interestingly, 23% of those surveyed admitted they actually wait to have a baby until they have their 'baby buffer' in place.
Commenting on the research, psychologist Donna Dawson said: "The research shows that in 2013 parents-to-be no longer expect to go it alone, financially. The combination of an uncertain economy and perhaps an upbringing where their own parents were financially generous to them over the years means that many expectant parents view 'giving birth' as an extended family affair, where relatives and even friends are now expected or encouraged to provide both gifts and financial aid.
"Although recognising that having a financial buffer in place before the birth is the 'ideal', the majority of expectant parents would not be put off having a baby if they couldn't achieve this. The reason for this lack of urgency is the belief that, once the baby is born, their families will make up the shortfall."
The top 10 things parents expect to receive as a gift are:
1. Toys
2. Pram/buggy
3. Car seat or Cot
4. Baby toiletries
5. Designer clothes
6. Nappies
7. High chair
8. Nursery furniture
9. Contribution to savings account
10. Milk
(JP/CD)
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Parents Need To Save £5,400 Before Having A Baby
New research released has found that the best amount of savings required before a couple has a baby, is £5,464.The findings were released from AXA's Big Money Index today (10 July), and polled 1,000 expectant and new parents across the UK to discover what couples felt was the right level of financial comfort when adding to their family.
Over and above personal savings - and sometimes instead of putting money aside themselves – 31% of soon-to-be and new parents expect family and friends to pitch in financially, while 53% of those with a baby due to be born in 2013 are looking to their parents for a financial contribution in the first few months. Similarly, 12% expect their friends to lend a monetary hand.
A further 10% even expect friends and family to make a contribution to a savings account in the baby's name and 27% assume a family member or friend will purchase a pram or buggy on their behalf. One in five expect friends and family to purchase designer clothes for their newborn.
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Interestingly, 23% of those surveyed admitted they actually wait to have a baby until they have their 'baby buffer' in place.
Commenting on the research, psychologist Donna Dawson said: "The research shows that in 2013 parents-to-be no longer expect to go it alone, financially. The combination of an uncertain economy and perhaps an upbringing where their own parents were financially generous to them over the years means that many expectant parents view 'giving birth' as an extended family affair, where relatives and even friends are now expected or encouraged to provide both gifts and financial aid.
"Although recognising that having a financial buffer in place before the birth is the 'ideal', the majority of expectant parents would not be put off having a baby if they couldn't achieve this. The reason for this lack of urgency is the belief that, once the baby is born, their families will make up the shortfall."
The top 10 things parents expect to receive as a gift are:
1. Toys
2. Pram/buggy
3. Car seat or Cot
4. Baby toiletries
5. Designer clothes
6. Nappies
7. High chair
8. Nursery furniture
9. Contribution to savings account
10. Milk
(JP/CD)
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Angelica Ross Learns Of Boyfriend's Secret Life
Ashley Graham's Breastfeeding Struggle
Susanna Reid's Mother's Day Plans
Lin-Manuel Miranda Homeschooling Kids
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