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UNIVERSITY NESTS FORCE PARENTS INTO THE RED Nearly one third of parents are expecting to spend more than their monthly disposable income to kit out their child’s university room, according to new research from Savebuckets.com – and this is in addition to all other university-related costs and rent.
As fresher’s week approaches, parents claim they will spend £751 on furnishing their child’s room – and this comes at a time when the average UK disposable income reaches only £705.
Students with parents who live in the North of England look set to have best equipped rooms as they will be spending the most. Half of parents expect to fork out more than £751 (49%), in contrast to London parents, who are least likely to overspend kitting out the digs (9%). Savebuckets.com questioned a GB representative sample of more than 2,000 people on the hidden cost associated with sending children to university, revealing that parents can expect to spend hefty sums in the coming weeks on university-related merchandise. Top 5 items parents are after to kit their child’s room:
| Laptop |
42% |
| Kitchen utensils |
42% |
| TV |
25% |
| Shelves/book cases |
25% |
| iPod and docker/DVD player |
8%
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James Wenger, Marketing Manager of Savebuckets.com commented: “The findings show that setting up their kids at university puts family budgets under even more pressure and many parents anticipate going over budget – this disregards rent, general living costs and tuition fees. “At Savebuckets.com we offer our customers the opportunity to shop cleverly and avoid having to make sacrifices. People can easily compare prices and obtain products within their budget empowering ordinary families to control their living expenses. By shopping at Savebuckets.com parents can save themselves almost half of the anticipated hidden cost when buying university related merchandise (£300).” Potential savings to be made at Savebuckets.com:
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Item
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Savebuckets.com suggestions |
Savings on Savebuckets.com
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| Laptop |
Samsung R60 Laptop |
£120 |
| Kitchen utensils (fridge and kettle) |
BREVILLE JK121 KETTLEBeko RA610W White Fridge |
£10£6.13 |
| TV |
LG Electronics 19 LCD TV |
£30.98 |
| iPod |
Apple iPod Touch 16GB |
£96.76 |
| DVD player |
Toshiba SD280E DVD Player |
£12.02 |
| Speakers |
Creative Inspire A200 Speakers |
£4.10 |
| Sofa bed |
Chianti Sofa Bed |
£21 |
| Total Saving |
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300.99 |
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