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You are looking at: Home : News & Gossip : Mums & Dads

Parents more money savvy second time round

According to new research, 47% of mums and dads buy more value brands for their second child than their first-born

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Posted: 14 March 2012
by Amanda Pauley
Saving money
Parents more likely to go for value brands second time round

UK parents are thriftier with their second child than their first, with 47% buying more value brands, new research has revealed.

The study of 1,018 parents, conducted by MyVoucherCodes.co.uk, revealed that those with two children under the age of 5 buy cheaper brands second time round.

Of the mums and dads surveyed, 28% admitted they buy cheaper baby grows for their second, 16% purchase value baby food for baby number 2 and 9% change to a more purse-friendly brand of nappies.

When asked why they had changed from premium to value, 57% said it was to save money while 21% felt they were being ripped off first time.

Asked if they felt guilty about the differing spending habits, 32% admitted to feeling a little guilty while 43% said they feel no guilt at all.

But, 41% of the parents surveyed stated they bought the same amount of value brands for both their children and 74% use their first-born’s old clothes for their new baby.

Did you change your spending habits with baby number two?

Read more…

  • Parents-to-be spending more than they can afford on their baby
  • 8 ways to beat your saving saboteurs
  • Dad’s story – budgeting for a baby

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