Are your kids involved in activities that are expensive? I signed up with a tennis club last week so I can continue to play during the winter months. I got 39 matches in this summer (playing outside) and it is hard for me to now pay for something I could do for free under the summer sun.
I figure it will cost me about $750 to play 1-2x a week under the heated bubble between now and next April.
I was commiserating with a friend at lunch about this cost and the waitress said that her high school daughter’s indoor soccer costs over $2K. That was just the cost of the coaching, equipment, and indoor ‘bubble time’. Travel fees to distant events cost her even more. She said waitressing was a side hustle just to cover that activity. A couple days later, a neighbor said that with travel costs, her daughter’s volleyball club team/coaching runs almost $5K!
When I looked it up online, I found a recent TIME cover story about the costs of kid’s sports. They say it is a $15.6 billion dollar industry that has doubled in the last decade. A study in Utah showed the average family there was laying out over $2,900 annually. Hockey and LaCrosse were the two most expensive sports – averaging over $7,000 a year. Just the cost of the average sport invested annually at 5% over 10 years would tally nearly $40,000. That’s a nice college scholarship, isn’t it?
These numbers certainly put my winter tennis costs (and my wife’s gym membership) in perspective. I’m not sure I can afford to be a kid again! When did kid’s sports get so out of control? Let’s be honest, few of these kids will continue in these activities after high school anyway. For the cost, I’m glad my son ran cross-country (was still about $500), played in the band (free @ school), and was in Scouts (sold popcorn & wreaths). We got by pretty cheap!
How do you justify the cost of these activities or offset them?
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