Parents cut down on back-to-school costs

Average family forks out a hefty £175 per child, while more than a third have to dip into savings

Schoolchildren in school uniform
(Image credit: Dan Kitwood/Getty Images)

Parents are saving their pennies in the run-up to the start of the school term, but many will still have to rely on their savings or borrow on a credit card to afford the expense.

Nationwide Current Accounts' annual survey of 2,000 parents of children aged between four and 16 found the average cost per child of the uniform and equipment for the new school year is a little below £175.

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