Newspaper article The Journal (Newcastle, England)

The Toll of the Techno Teens; THE 'TRICKY TEENS' CAN BE TOUGH ON PARENTS' WALLETS. HERE'S HOW TO MANAGE A DIFFICULT PERIOD

Newspaper article The Journal (Newcastle, England)

The Toll of the Techno Teens; THE 'TRICKY TEENS' CAN BE TOUGH ON PARENTS' WALLETS. HERE'S HOW TO MANAGE A DIFFICULT PERIOD

Article excerpt

'Must-have' gadgets such as tablets and phones can be expensive for parents HE New Year is often a time when people try to take a good, hard look at their finances.

TBut for parents of teenagers, the amounts being shelled out on their offspring may come as a shock when the outgoings are added up in the cold light of day.

Financial pressures may have also changed quite a bit since parents themselves were teens - with gadgets like mobile phones, tablets and laptops now part of the routine expenses for many households.

Teens how Research from Aviva suggests parents typically spend more than PS28,000 during their child's teenage years.

Excluding household costs such as food and energy bills, parents typically put the average cost of raising a son or daughter from the age of 13 to 19 at PS28,767.

The age of "sweet 16" seems to be a particular pressure point financially.

While parents say they spend just over PS4,100 a year on raising a teenager on average, that cost rises to PS4,800 for a 16-yearold.

So what makes the cost so high? Aviva took into account birthdays and special occasions, holidays and gap years, food and drink outside of the regular supermarket shop, clothing and pocket money.

Technology plays a major part in ramping up the cost, according to the findings. More than half (53%) of parents spend on technology for their teenagers, such as mobile phones and laptops, forking out PS225 per year on average.

need to know budget It's clear many parents also feel under pressure to open their wallet.

Almost half (45%) of parents with teenagers feel pressured to spend more on them, with the biggest source of pressure being put down to teenagers themselves, the research found.

And if applying the pressure on parents doesn't work, making them feel guilty for not spending more is another popular teenage tactic. …

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