Starting something new can be traumatic and stressful but hopefully rewarding. Starting life it is generally agreed is more complicated now than it ever has been and parents should be aware of the financial implications of bringing a child into this world.
University education appears to be becoming more and more expensive and many parents decide to send children to private schools rather than trusting the state system.
All these have financial implications and therefore planning needs to take place as soon as possible following the birth of a child.
Even when the child finishes full-time education and becomes an adult, buying their first house, which normally involves having a mortgage - it is more complicated these days than it ever has been and larger deposits are needed for first-time buyers (although the government are trying to help with various schemes).
