Think about your kids and their extracurricular interests. They have probably changed a lot throughout the years. However, you’ve continued to nurture them as best as you can. You found classes for them to take, and teachers that have encouraged them. And most likely, you have enrolled them in camps, or signed them up for leagues, especially if they’re interested in sports.
As they have gotten older, they’ve gotten better at all of those things (or at least you hope they have!). You’ve realized that those extracurricular activities are important to your child’s development and their future success.
Cost of Extracurricular Activities
What you’ve also realized about those additional pursuits, is that they are expensive! As they get older, the cost and the availability is increasing. It’s a fact that families are devoting more and more to those extracurriculars. Actually, studies have found that up to 10 percent of some families incomes are going towards their child’s interests. So how do you pay for all of this? And why should you? This graphic helps explain it.
For more on this topic, check out the full Saving Money collection
No matter your salary or job situation, families are always looking for ways to save money in some area of life. By saving more now, it allows you to adjust your budget and spend more later. Perhaps you are saving for a new car, a new house, a big family vacation, or you are saving for a college fund. No matter your goals, saving money is always a nice bonus!
Check out our free resources on Adore Them that explore painless ways to save money, how to start consigning & consignment sale tips, 9 ways to afford organic food, decorating your home on a budget, paying for your kids adventures, how to speak to your children about money, ways you can make money from home, and so much more! All of this can be found for free at adorethem.com/saving-money. Enjoy!