Financing implications of ethical baby products outlined to credit card users

Tue, 20 Mar 2007

Parents who plan to buy organic and ethical products for their children instead of bargain basement products may have to dip into their credit card accounts, following the publication of new research.

According to a survey from financial services provider Family Investments, 42 per cent of parents have confessed that they are concerned they should be using ethical baby products more than they do at present.

However, the investments company has also pointed out the cost discrepancy between best buys and ethical goods, which may be all too familiar to many credit card users.

Its data suggests that the total annual outlay on bargain goods such as kid's clothes, baby foods and nappies is £835.17, compared to £1,532.19 for ethical alternatives.

"The cost of being a parent is growing and the added pressure now of choosing ethical or organic products can overwhelm parents living on stretched budgets," commented John Reeve, chief executive of Family Investments.

Meanwhile, credit card users who want to live conscientiously may also wish to consider arranging a charity credit card.

In many cases, these credit cards donate money to charity whenever the user makes a purchase.

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