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Return to school helped by credit card
Nearly one in five parents will have relied on credit cards to fund purchases for the new school year, new research has found.
Yorkshire parents spend an average of £169 on each child to make sure they are prepared for the start of term, according to new research by Nationwide Building Society.
The spending figure includes £105 on new school clothes, £47 on new school shoes and £22 on school bags and other essential like stationery, water bottles and lunch boxes With so many items needed, 36 per cent of parents interviewed were worried about how they would pay for everything.
As a result, 17 per cent will rely on their credit card and 15 per cent admit they will turn to grandparents for financial help. A further 15 per cent of parents in Yorkshire said they would need to dip into their savings.