Who watched the Royal Wedding? Unlike Prince Harry and Meghan Markle your wedding could take years and years of planning! But what’s next when the vows are said and the day is over? Together with Angelic Diamonds, retailers of engagement rings, we take a look at the costs that you’ll face after the wedding day, from starting a family to moving to a bigger home.
Starting a family
For many couples, having children is the next big step after marriage. In the US, the average time a couple waits between getting married and having a baby is three years. We started just before the wedding, but at that time it wasn’t meant to be.
Here are some costs to factor in after the baby has arrived:
Nappies, clothing, nursery furniture, toys, and a pram just to start with. The total can be £3,120 in the first year of their life alone. Going to activity classes with your baby such as baby sensory or swimming classes can cost an additional £465.50. With my first daughter we went to baby sensory classes and it was amazing!
Bottle feeding can cost an extra £1,040 per year or just £165 if you breastfeed.
When you head back to work after maternity leave you will need to think about childcare costs if you don’t have papa or grandma available. Sending a child under two to part-time day nursery is on average £122.46 per week. For full-time care, this rises to £232.84 in the UK.
Your child’s first day at school can seem a long way off. But, if you are considering sending your child to a private school, you must consider the average annual outgoing of £14,102.
As you can see, it can be costly, and this is before you add the cost of an average holiday (£3,133 for a family of four) and those Christmas and birthday presents.
Moving into a bigger home
Once the big day is over with, you might start to think about moving into a bigger home for your expanding family.
According to Compare My Move, the estimated cost of moving to a new house in 2018 in the UK is £8,885. This cost is based on the average UK property price which is currently at £226, 071 and takes into considerations stamp duty at £2,021, estate agent expenses at £3,391. This overall cost also considers general moving costs, which can add up to £1,236.66.
Selling your home incurs costs as well such as the energy performance certificate which you will need.
Getting a bigger car
Along with moving to a new house and starting a family, you might want to have a more family-appropriate car such as a people carrier.
The running costs of an average family car in the UK costs £1,000 more than in the USA and Australia, £1,825 more than Japan and £2,000 more than in China.
According to What Car? the top ten family used cars sit between £8,000 and £14,000. And, if you were to choose a top new car, you can expect a family-suitable vehicle to cost between £16,995 and £29,495.
With starting a family, moving to a new house and buying a bigger car, married life can be expensive, but it’s so worth it in the end.
Thanks for stopping by today, I hope you have found this post useful.
*This is a collaborative post.