Childcare is the biggest budget item for many UK families, costing on average £11,730 per year or 26.6% of the average family's net annual income. This is 62% higher than the average cost of a mortgage. Childcare costs have risen significantly over the past 5 years, with some types of care increasing by over 25%. The cost of childcare varies greatly depending on location, with London having the highest average weekly costs of £695.09 for two children. Planning and budgeting for childcare expenses is important for families.

1. $$ COST of CARE $$
Child Care
is the
BIGGEST
budget item for families
Data from: 2014 annual Childcare Cost Survey (Family and Childcare Trust UK)
Designed by AnytimeAround.com

2. Data from: 2014 annual Childcare Cost Survey (Family and Childcare Trust UK)
Designed by AnytimeAround.com
Childcare
Spending in UK
Families
Childcare
Home
Loans
£11,730
£7,240
62%
higher than
home mortgage
per family
Based on a family with two children in full-time
childcare in the year of 2014
26.6%
of net annual
income per family
Childcare
Over the last five years childcare costs have
risen 27%
Childcare Cost is RISING
Nursery
(under 2)
27%
Nursery
(2 and over)
31%
Babysitter
(under 2)
21%
Babysitter
(2 and over)
22%
After-school
club
9%
Based on a family with two children in full-time
childcare in the year of 2014

3. Childcare spending by region
Weekly Costs for a family with an child under 2
and an child over 2
London
NorthWest
WestMidlands
EastMidlands
£695.09
£491.61
£491.61
£472.13
wales
Scotland
£527.97
£495.52
Nursery: £277
Babysitter: £369
Nursery: £208
Babysitter: £270
Nursery: £205
Babysitter: £244
Nursery: £214
Babysitter: £230
Nursery: £195
Babysitter: £234
Nursery: £191
Babysitter: £234
Data from: 2014 annual Childcare Cost Survey (Family and Childcare Trust UK)
Designed by AnytimeAround.com

4. PREPARE FOR CARE COSTS!
1 Create a Budget
42%
of families don’t budget for
it
2 Decide Childcare Type
Babysitter
VS
After-School Clubs?
3 Search for Best Fit
Location
Availability
Reputation
Budget
4 Find alternatives
Based on following criteria to save for childcare
• Find a childcare share
• Talk to HR about getting childcare benefits
• Ask help from families members
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