Do My Child’s Activities Really Need To Make Me Go Broke?
From Schneider Community Credit Union
It’s back-to-school season and you’re just about ready to zip that backpack closed before tossing that supply list into the trash. You’ve been shopping for weeks to get the right pencils and pens, binders and the dozens of other must-haves.
This, of course, is in addition to the perfect school shoes and autumn wardrobe. But now you’re done, done, done! Your sanity and your budget are ready for a breather – at least until the holiday shopping season starts.
But then your darling daughter comes home breathless from school telling you she’s made it onto the school’s soccer team. She’s thrilled and can’t wait to start attending practices and games!
Oh, and did she mention she’ll need some money for her uniform and equipment?
Before you can finish digesting this piece of news, your son barrels through the door and announces he’s decided to take drum lessons. It’ll only be, say, $600 for the drum set, plus the price of lessons. But that’s not a big deal for you, is it?
Extracurricular activities are an important part of a child’s development. They allow students to shine in ways that may not be possible for them in the classroom. Plus, it helps kids step out of their social circles to forge new and lasting friendships. They serve as a creative outlet and can improve your child’s physical and cognitive health.
If you have a real prodigy in your family, they may even be your child’s gateway to a college scholarship, and possibly a lucrative career.
But there’s no getting around the truth: Extracurricular activities are expensive. If you’ve got several school-aged children at home and each one wants to participate in two activities, you can be looking at an investment as high as $10,000 or more because of fees, equipment, uniforms, instruments and supplies.
No worries, though; you don’t have to choose between your budget and your children’s happiness. Here are some ways you can save on your kids’ extracurricular activities this year…
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