Could you save £8000?

Jul 18 • Featured, Saving Tips • 838 Views • 3 Comments on Could you save £8000?

I was really cheered up this morning by Hilary Osborne’s frank and fearless confession in the Guardian that despite the dire warnings that a newborn baby would rock your finances by about £9000, she spent approximately £1000 on her baby son Wyn during his first year.
Instead of wasting her money on cashmere cardigans and designer bootees she invested her time and energy into bargain hunting, joining every discount and kids’ club going and shameless voucher collecting.

It worked, she saved money, Wyn collected an impressive array of fabulous clothes and free toys (including an abandoned rocking horse chanced upon in the street), and the Osbornes have saved a potential £8,000 towards Wyn’s future, when money really starts to count.


No baby every suffered from not having the right designer babygrow, but a ten year old will certainly notice if there isn’t enough money in the kitty for decent trainers or a trip to Southend.

Spending money on kids is still something of a class issue I think – and you can see the excesses on both ends of the spectrum – children whose parents haven’t got two pennies to put in a pension dressed in head to toe Ralph Lauren and others whose parents live in five storeyed splendour running around in ankle skimming trousers and free range hair.

I suppose it all comes down to expectations and history. If you come from a family where there wasn’t enough money for a winter coat or decent shoes, then you are going to make damn sure that your children don’t end up looking poor. If on the other hand, you have the luxury of a second house at the seaside your children will happily run round in their big brother’s shiny corduroys because you obviously have your mind on higher things.
What do you think it’s important to splash out on children and when is it ok to skimp? Share your thoughts on facebook and let me know!


Scary statistic of the day:
Thanks to the shortage of houses for sale and the difficulty of securing a mortgage rents are going through the roof –  according to the latest LSL Property Services Buy to Let Index, the average monthly rent in the UK is now £701 a month up £28 a month on this time last year

Deal of the day:
Homebase is offering 15% off all furniture fitted bedrooms, kitchen and bathrooom buys over £300 and 1% saving for your Kiddybank if you buy through KidStart (use voucher code EX15)


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3 Responses to Could you save £8000?

  1. suzie woo says:

    £9000 seems an awful lot – I don’t think I spent this amount on mine! admittedly first time round we bought new cot, new pushchair, new car seat, etc and on the second one – we just reused! I wish I’d known about nearly new sales, etc before I’d had my first – would have spent quite a bit less! I have to agree though with your second point about kids who are decked out in designer wear even though parents don’t have a lot of money – mostly they are canny shoppers and with ebay, gumtree, etc it’s much easier to dress kids well – I’m from the generation of (1) parent who didn’t have any money and my hubby is the same and we find we have to consciously resist the urge to buy our kids clothes and toys as they don’t really need it but as we didn’t have much – don’t want our kids to be the same (if you think that’s weird see my freezer – it’s always full as i’m afraid my kids will go hungry like I used to!!)

  2. Jackie says:

    We spent a fraction of that; the biggest expense was the 2nd hand Bugaboo pushchair but as a car seat, moses basket and wardrobe were thrown in with it, the £300 seemed a good deal. Other than that, we borrowed baby clothes as well as scouring Ebay for good quality bargains. Handily my sister had a baby one year before me and kept clothes for me and a baby bjorn carrier (anything larger was inpractical as she lives in the US and I put things in my luggage coming home). A friend took me to an outlet shop and the cot and high chair were free from Freecycle and had been barely used. Now when my son needs new clothes, I have usually got everything in the next size up, having bought in advance at sales. I’ve never bought pre-prepared baby meals and weaned my son on homemade purees which I would make once a week and freeze in batches. I think it is a case of you spend as much as you need to. My son never goes without and always look nice.

  3. Amanda C says:

    I also spent a fraction of that, buying everything second-hand or borrowing from friends and neighbours who had already had kids, making my own pureed meals. My baby even slept in a drawer! The things I did buy new were bottles and a lambskin, for hygiene reasons, and classic picture books that could be re-read 100 times. When my second child arrived my husband had been made redundant and I was too ill to work, so times were very hard but I was lucky to have learnt that children don’t care what you dress them in up until about 8.


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