Natwest “Cost of Raising a Child Calculator” & Competition

Natwest have created a tool entitled “Cost of Raising a Child Calculator“.  The idea is to provide users with an estimate of just how much a new child or their existing children are costing them . . .

My initial reaction when I was first introduced to this tool was that I don’t think I really want to know how much my children are going to cost me! How many Mulberry handbags could I have for that? But would I swap them? No. We are absolutely brassic but I wouldn’t swap them for the world.  I don’t care how much they’re going to cost me – that’s not something I think about.

However as I thought more about it I started to see that perhaps it might be useful as a budgeting tool.

Natwest Cost of Rainsing a Child Calculator
(Click the image to be taken directly to the tool on the Natwest website)



I filled out the calculator initially for Amy but I don’t think it’s particularly accurate for her at the moment as she’s not costing me anything for food, childcare etc.  Also with her being the third child a lot of the other associated costs – pram, furniture, clothes etc are hand me downs so she’s supposedly thousands of pounds under the national average.



Chloe works out at around 18k under the national average. Again I suppose some of this is due to having spent a good chunk of money the first time round so plenty of toys and equipment are already sorted.    There’s also a good amount of money saved in how much I spend on childcare at the moment – with being on maternity leave this is considerably less than it would be if I was working full time.  I’d love to be working on the national average of spending £70 a month on clothes?! Who has that money to spend!  Chloe would have a spectacular wardrobe if I had that much to spend each month.



Ben came out over 150k short of the national average but for a start this included 8k on school fees – I don’t think that’s a strictly accurate statement as the “national average” – surely the majority don’t pay school fees? Also I was completing it based on our current situation – minimal childcare, no pocket money etc. I can see that he would be costing me an awful lot more in another few years time.

The calculator is definitely interesting and gives food for thought.  If nothing else I was really surprised to see how we measured up to the national average.

So now it’s your turn . . .

How would you like to win a Harrods teddy and champagne?

Try the “Cost of Raising a Child Calculator” for yourself and then complete the rafflecopter options for your chance to win.

a Rafflecopter giveaway

*Disclaimer – I have received no compensation for writing this post*


  1. May 12, 2014 / 9:46 pm

    Wow I am a massive underspender!! But then I have always been quite frugal.

  2. Hannah J
    May 12, 2014 / 10:57 pm

    I think ours has come out lower. I think 95% of the baby clothes I have are hand me downs from other mums at church or I have even given as presents. The onesies, nappies and wipes apart from a couple came from Aldi and I've been told that their nappies match up to Huggies/Pampers without the price tag. The cot and Moses basket are on a semi-permanent loan from my parents (both of which have been used for me, my brother and two cousins!). Other bits of nursery furniture were second hand from my grandparents or a friend of theirs. I think the biggest expense so far was the travel system – this includes the car seat and newborn appropriate buggy. We had a buggy that was a bargain from a charity shop however it wasn't newborn appropriate so we've put it in the shed ready for when we need it rather than try and find it a new home.

  3. May 12, 2014 / 10:35 pm

    We spend way under average, but then we earn well below average too so have no choice.

  4. May 13, 2014 / 6:23 am

    I must be a really tight mother, as I don't spend that much

  5. May 13, 2014 / 7:20 am

    the teen years are frighteningly expensive

  6. May 13, 2014 / 7:53 am

    I spend much less but need to because I can't afford not to be thrifty

  7. May 13, 2014 / 8:10 am

    We underspent, we have two boys 18 and 24 and never spent anywhere close to this amount, We have a little girl 11 and she gets quite alot of clothes but We still spend under!!

  8. May 13, 2014 / 9:02 am

    I seem to spend under the average

  9. May 13, 2014 / 9:04 am

    Well under the average, buit mainly down to not paying fees for child care/ schooling. Children do not need to be this expensive, if you're savvy!

  10. May 13, 2014 / 9:08 am


  11. andrea lloyd
    May 13, 2014 / 10:01 am

    i love to spoil my kids

  12. Charmian Filewood
    May 13, 2014 / 10:35 am

    Just under, but not too far off the mark xx

  13. May 13, 2014 / 10:57 am

    I have 3 and underspend a lot, tehy all get hand me downs and i use things until they break, reusable nappys and breast feed, i baby wore so didnt need prams, but we did have a simple stroller. I dont know how people afford to spend so much.

  14. Kay Braisher
    May 13, 2014 / 11:04 am

    I underspend but that's through necessity!

  15. May 13, 2014 / 11:15 am

    Much, much less – and I thought I was being quite generous! Definitely think that some of these prices don't take into account hand-me-downs (from previous children) or any kind of budgeting! 🙂

  16. Lesley Davies
    May 13, 2014 / 12:55 pm

    came up under the national average, but not surprising as we shop around and save money. Surprised at how low my childcare is compared to national average – I thought I was paying too much!!

  17. May 13, 2014 / 12:13 pm

    I have 5 kids so it adds up but I don't spent where I don't need to

  18. May 13, 2014 / 12:18 pm

    We spend under average, largely due to having no childcare costs, no foreign holidays and my being able to sew.

  19. May 13, 2014 / 1:09 pm

    not too much of a shock i spend just a little bit too much

  20. May 13, 2014 / 1:28 pm

    Slight overspend but I have twins and you can't get one without the other:-(

  21. May 13, 2014 / 2:59 pm

    We are above average but that is due to child care costs which are horribly high!

  22. May 13, 2014 / 3:14 pm

    None whatsoever. The cost of raising a child is pretty dramatic and tally with those seen in the calculator.

  23. Denielle Nicol
    May 13, 2014 / 4:29 pm

    Under average

  24. Anonymous
    May 13, 2014 / 5:37 pm

    it didnt suprise me as i know things cost so much.but it did depress me a little seeing the cost stacked up all together like they are.

  25. Pam Francis Gregory
    May 13, 2014 / 6:58 pm

    I commented on Blog On MOSI – A Spring Bucket List Update

  26. Sarah Pilbeam
    May 13, 2014 / 7:24 pm

    I have to watch every penny as there is only a part wage coming in at the moment. x

  27. May 13, 2014 / 7:40 pm

    i spent well under the average

  28. May 13, 2014 / 7:42 pm

    I under spend slightly, but don't have to pay childcare, this is great and should be waved under all politicans noses

  29. Lucia Jefferson
    May 13, 2014 / 7:58 pm

    don't spend that much!

  30. May 13, 2014 / 8:01 pm

    Underspend – but with lots of moving around, we've got very good at distilling things down to the essentials!

  31. alisa moore
    May 13, 2014 / 8:07 pm

    I am spending under the average thank goodness

  32. May 13, 2014 / 9:13 pm

    I commented on Messy Play – Ice Ice Baby

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  33. May 13, 2014 / 9:15 pm

    I underspend, with all thanks to my family……

  34. May 13, 2014 / 9:19 pm

    Thinking I should really potty train little man to save some pennies!

  35. Clare Nicholas
    May 13, 2014 / 10:32 pm

    I spend under average but I've become very good at budgeting and saving

  36. Lynsey Buchanan
    May 13, 2014 / 10:12 pm

    i spend less

  37. May 13, 2014 / 10:25 pm

    we are about average. bit scary still though!

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