Child Benefit Analysis

grayscale photo of baby feet with father and mother hands in heart signs
Photo by Andreas Wohlfahrt on

One of the biggest reasons people put off having children is the perceived cost of raising them.  Let’s face it – kids ain’t cheap, (especially if you aren’t able to access tax credits!)

Think about things that you might need starting big and working to the smaller things:

  • House with N+1 bedrooms
  • Car with space for car seats (friends of ours bought a pram which didn’t fit in their car.  They got a new pram not a new car – but many would do the opposite.
  • Car seats and booster seats, baby on board sticker
  • Baby furniture (cot, Moses basket, furniture, nappy hygiene centres, stairgates, playpens)
  • Baby clothes (and they grow out of them fast!)
  • New baby clothes for Girl after Boy (or boy after girl)
  • Baby-proofing of the house
  • Baby food utensils and cutlery, bottles
  • Hundreds of nappies
  • Lots of toys
  • Books (optional)

All of these things cost money. However, we found that our average spending reduced when we have the Master because:

  • We already had the house and didn’t change the cars
  • We took fewer holidays and weekends away
  • We stopped boozing – and booze is pricey and sometimes leads to kebabs!
  • We practically never went out in the evening – goodbye cinema, theatre, restaurants, bars & taxis
  • We got almost everything second hand for the Master – and all at prices about 10% of retail if you are in Scotland – give this a go
  • There are loads of free activities for kids and prampushers examples
  • There’s also the pathetic £20.70 children’s allowance from the government per week to consider – hey it all adds up. 🙂 why you should still sign up for Child benefit if you earn above £50k

The overall result was that our spending dripped with the arrival of the Master and to quantify it, our spend in the first year of his life was over £1,000 a month less than the year before and with market returns that’s now over £20,000.  See the graph below – FYI, the birth was around Autumn.

I think that the biggest differential was that having kids put pay to me wanting to travel so much – and travel costs more than the £19.99 one way Ryanair flight price tag when you add up the full cost!

Now I want to spend my time at home and with my family – the best things in life are free and nothing beats a Gentleman’s Happy Family.


Edit: This recent news article says I was right about still signing up for Child Benefit if you are already a higher tax payer.  It’s maybe because it was written for the Daily Mail readers – but nobody seems to be taking any responsibility for their own stupidity.



  1. Agree with you broadly here. We did experience a temporary dip in spending but it has since seemed to have gone back up again now we’re a bit freer to travel and get family to baby sit in the evenings.
    Obviously it’s impossible to do a direct AB comparison so maybe we’d be spending even more if were still Dinkys.

    However the main point is that spending has definitely not gone up, there is plenty more we could do to cut our spending if we really wanted to, and the large majority of our expenditure is still actually not on the little one anyway. She is running at an average of under 100 a month (not including food but that is pretty negligible) which turns out it’s absolutely amazing fun and sense of fulfillment for the £££


    Liked by 1 person

    1. For us, we don’t have the family nearby and can only get babysitting twice a month – however we had babysitting about a quarter of the time that we could and the most common use was because of having to go to get VISAs and that meant we’d be back late.
      So having to stay in reduces our socialising options and saves money.
      I would say that my interest in doing things that other people do that cost money (e.g. a pub dinner, few drinks, watching the world cup) doesn’t appeal to me much anymore and I’m yet to find a coin operated see-saw in a playground.


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