4,000 Pound Baby in UK--Can You Afford It?
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Posted On :
Jun-29-2010
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Article Word Count :
544
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It is reported that the new parents are going to spend 4,000 pound when a new baby born in first year. Apart from the baby room, they should prepare many little clothes, nappy, toys and foods. Thousands of parents are so miserly. Financial experts suggest that the new parents should have a plan to rational consumption, and prevent financial crisis.
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It is reported that the new parents are going to spend 4,000 pound when a new baby born in first year. Apart from the baby room, they should prepare many little clothes, nappy, toys and foods. Thousands of parents are so miserly. Financial experts suggest that the new parents should have a plan to rational consumption, and prevent financial crisis.
On top of that car seats, pushchairs and other bits and pieces also send the cost soaring for first-time mums and dads. But one in three parents admitted they 'got a bit carried away' and overspent hugely in preparation for their new arrival. But this seems a little luxury, right? “Spend so much money in the first year, how about the following year? The education fee, the living fee? If the new parents still have not plan, I think they will crazy about that,” the expect said.
And 52 percent of these purchased made during the first half of pregnancy as excitement and hormones kicked-in. Deneice Harwin, from baby products company Philips Avent, said: 'Our research shows that three quarters of new parents worried about how they would cope financially before their baby had even arrived, so clearly money is a major concern.
Of course, they are not millionaires, they have to work to earn, and one of them should take care of their baby or hire somebody to do that! But this also spend their a lot.
The new parents have purchase desire when they saw the beautiful things especially for their baby, they want to buy them all even the baby didn’t needed. 'We know that new parents can often get caught-up in a new baby shopping frenzy, as a third agreed that they spent more than they needed, buying things they didn't even use. '
'By doing a little research into what they will really need, and buying good quality items which will last, new parents can save an average of ￡136 when baby arrives. 'By the time a second child has come along though, parents are more cash-conscious and make more informed purchases, based on what they learnt first time around.'
The study also found more than one in three parents thought they spent too much money on toys. And around one in four said they bought far more clothes than they needed and wished they'd spend some of that money on other things. The baby grow up very fast and the cloth just can wear a short time. After that, when the second baby born, the clothe will not wear any more.
Philips Avent's family finance expert Sue Hayward added: 'With just a little planning new parents can make some sound purchases to welcome their baby into the world without breaking the bank.'The key is to look for quality items which will last for a long time or can be sold-on to help recoup some of the cost. 'Talk to friends and family and even your midwife for advice on what you really will and won't need.'
Rational consumption is so important for a family, especially for the new parents. Rational person have their ways to financial and consumption. How about you? Welcome to share with us!
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Article Source :
http://www.articleseen.com/Article_4,000 Pound Baby in UK--Can You Afford It? _23708.aspx
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Author Resource :
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Keywords :
rational consumption, financial crisis, new born baby, new arrival,
Category :
Home and Family
:
Babies
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