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Mums budget for baby fashion
Mothers across the UK spend more on clothes for toddlers and babies than on themselves, according to a new survey.
MINT, a financial services company, discovered that new mums spend an average £406 each year on dressing their toddlers and babies with the latest fashion items, compared to £124 on their own attire.
Over a third have shelled out on designer clothes for children, while more than half claim to have bought miniature trainers for their kids.
Jerry Toher, MINT's managing director, commented: "The financial pressures on modern mums are greater now than ever before without having to worry about budgeting for a baby's wardrobe."
Last month, Capital One Homeowner Loans revealed that Britons are set to spend an average of £5,478 over the next 12 months on improving their homes – one key reason being the addition of space in which to house new members of a family.
Some homeowners may choose to take out a personal loan or homeowner loan to finance such improvements.