How much does it cost to raise a child in the UK?

Updated
9 month old baby boy lying on his belly, playing with toy bricks, putting one in his mouth
9 month old baby boy lying on his belly, playing with toy bricks, putting one in his mouth

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Are kids a luxury? The abundance of studies calculating the growing cost of bringing up kids would suggest so. The most recent Cost of a Child report put the amount of raising a child in the UK at £227,266 over the first 21 years. And that doesn't even include private school fees.

We've looked at the rising cost over the first 21 years, from putting children in nappies through to university, when to expect to pay out - and how to prep for it.

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