Too much money being spent?

Holly - posted on 07/23/2013 ( 7 moms have responded )




My daughter who's 13 goes dancing she goes 6 nights a week and has a compertion nearly every weekend.
My friends think I'm spending to much money on her whats your opinions . It costs me around 10,000 a year on lessons and about 7,000 a year on costumes ?


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♫ Shawnn ♪♫♫ - posted on 07/23/2013




Good grief!

IMHO, WAY too much. But, then again, I don't do your finances, nor do I have to worry about how you're finding the money. And, neither do your 'friends'. And if they were real 'friends' they wouldn't be worried about your finances, if you're standing on your own two feet.

Like I said, personally, I'd not drop $17K a year on anything, but if you're financially in a place where you can (and it sounds as if you are) then who's business is it but yours?

Jodi - posted on 07/23/2013




Gawd, you guys pay a lot for sport wherever you live!

But in all honesty, I don't think it is anyone else's business how much you spend on extra curriculur activities

[deleted account]

Some sports are more expensive than others.

We spend about $17,000 on my son each year for taekwondo, but he loves it, and often wins scholarship money from competitions. Plus, his accomplishments within his sport will show a sense of commitment, determination, and focus that colleges and employers will admire. In other words, it will help him get into a more competitive college at a time when a 4.0 GPA and some after school clubs will not be enough to impress admissions.

That said, my son also plays baseball and does gymnastics. I would never spend as much on those because, quite frankly, they aren't "his sport" if that makes sense. He enjoys doing them, but he's not good enough at either to win trophies beyond a regional level--and unfortunately, no one is going to care how many trophies a kid has unless those trophies are for national and international competitions. Like your daughter, my son has hundreds of trophies, but most of them are meaningless--meaning he was only competing locally, or within a regional setting. I keep them because they make him feel good and they are a reminder of the fun he had at those competitions, but they don't mean anything to anyone but us.

My son doesn't want to be a taekwondo teacher, or even compete professionally, but the skills he is learning within his sport will help him excel in many parts of his life. Even if your daughter does not plan to dance professionally, open her own school, or even teach for someone else, consider what her commitment to dance will look like for college admissions officers, scholarship committees, and future employers or clients. Also consider how the skills she learns through dance --skill beyond actual dance moves, things like focus, commitment, perseverance, etc. will affect who she becomes as an adult. If the rewards are worth the amount you are spending, then continue. It doesn't matter what your friends think, it matters what YOU feel is best for your child.

Holly - posted on 07/23/2013




I get 72k a year . She does all her school work on the way to dance , it takes us about 1 hour to get they and we don't get back till 10pm . She does love dance but doesn't want to do it professionally when she's older , she has over 700 hundred trophies. We still afford everything else we need for example we go on 3 holidays abroad a year

JPatrick - posted on 07/23/2013




If a train leaves Dallas at 8:00 p.m. carrying 25 passengers, how long does it take to get to Phoenix? Oh wait, I'd need to know how fast it's going...
Point is, I think we need more info, e.g. your household earnings. It is very tough to judge b/c $17k on a 6-figure income is a lot different than on a $40k income. That said, it is not inherently "too much," and in fact some kid activities are quite pricey, but parents that can afford them still find them worth it. Some factors to consider are (1) does your daughter want to dance professionally (i.e. go to school for it) later in life? (2) does she enjoy it and get fulfillment out of it? (3) does it benefit her in a variety of ways (i.e. learning teamwork, developing athletic skills, etc.?) (4) is that her exclusive leisure activity to the exclusion of other things (e.g. different sports or hobbies), and does she want to branch out and do more? (5) Or maybe she wants to cut down and just have more time to relax or take care of other responsibliites (e.g. homework -- 6 nights a week seems like it'd be hard to keep up with school) (6) how does that impact your budget (related to my point of what do you earn) -- can you still afford necessities, or lesiure activities for yourself and/or other family members? (7) does she appreciate it and take it seriously? (8) If it's just a hobby, can you do it less expensively and still get the benefit (i.e. cut down to 3-4 nights/week, fewer costumes, and less frequent competitions)? Just some things to consider, ultimately it's up to you, her, and possibly the other parent (if he is in the picture).

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