In their 13th Annual Report on the yearly cost of a child LV Report that the headline cost of raising a child to 21 is now £231,843 making it more expensive than the average house.
Also included in the report is the cost of childcare and babysitting, which now accounts for a staggering 30% of the total cost.
Whilst none of us likes to dwell on our mortality, perhaps its time to look at the level of life cover that you have in place.
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