Parents spent on average £164 kitting each child out for the return to school – on top of the £5,161 they spent on them during the summer holiday
Parents will spend £164 on average kitting out their children for the return to school this September – an inflation-busting 6.5 per cent rise on last year, a survey has found.
The survey of 2,000 parents by comparison site Confused.com also revealed that 10 per cent of them have spent £300 or more on uniforms, books, stationery and gadgets for the new term.
Some 9 per cent say they will be buying their child a mobile phone – and a similar number will be buying a tablet or a laptop.
It costs so much over those Summer months to entertain the kids and then to get them kitted out for school, it’s a wonder how parents deal with the cashflow issue such an expense could create. It’s a fear that the article itself highlights:
To cover the rising costs, one in three parents (29 per cent) will end up paying with their credit card to cover school expenses, while one in 12 (eight per cent) don’t even know how they will cover the cost of sending their child back to school.
Of course, if you’re going to put all of this expense onto your credit card, you’d better be sure to have a good credit card deal… which is where the company behind this story comes in:
Nerys Lewis, head of credit cards at Confused, said: ‘The summer months seem an expensive time for parents, not only are they covering the costs of their child’s entertainment, but also having to cover the expense of kitting them out for school.
‘And worryingly parents are feeling the pressure of these financial burdens, and using whatever means possible to pay these expenses.
‘So it’s understandable that many parents are turning to their credit cards to help fund these days out, or pay for their child’s uniform.
‘And whilst this isn’t necessarily a bad thing, we want to make sure people are using the right type of credit card for their individual needs.
‘With over 250 credit cards available in the UK, there are lots of options…
‘There are some great deals available so it’s worth shopping around.’
And when, inspired by this placed-PR, you come to do that shopping around for the best credit card deal, I’m sure Nerys and Confused.com will be there to lend a hand.