Burden of Back to School Expense Eased With a Payday Loan
It is almost time to breathe a sigh of relief as the summer holiday comes to an end and the start of the new school year approaches. However, the need to purchase ‘back to School’ items comes as an unwelcomed expense to many parents.
It is almost time to breathe a sigh of relief as the summer holiday comes to an end and the start of the new school year approaches. However, the need to purchase ‘back to School’ items comes as an unwelcomed expense to many parents. A short term payday loan could provide a vital lifeline to those parents feeling the pinch.
The start of the new school year brings the burden of purchasing new uniform, stationery, sportswear and books. Recent research by LV, the protection specialist, shows that the average family are set to spend on average of £77 per child. The cost varies depending on the age of the child. The average cost for infants ‘back to school’ expenses is £63 per child, £67 per child for junior school age group, rising to £81 per child for secondary school age group. More than half of the parents involved in the survey were reported to feel more under pressure this year to spend on back to school items.
Mark Jones, head of protection at LV=, comments “Parents are under a great deal of pressure to spend significant amounts on kitting their kids with the latest bags and coats, and brand new uniforms and stationery. Although we can see that parents are attempting to be frugal, these costs seem to keep going up.”
It is not uncommon for retailers to advertise their new ‘back to school’ stock shortly after the children break up for their summer holiday, giving parents more time to spread the cost. The additional outlay of a family summer holiday and children’s activities means that summer can be an expensive time of year. Many parents seek extra cash by means of credit cards and instant cash payday loans in order to deal with these costs.
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