I posted this on another thread but it seems more appropriate here.
We spend in the range of $12,000./ year for a wide variety of extra curricular activities for our children,at this point it's primarily spent on the younger 2 since the oldest is in college (you don't want to know how much that costs) and his activities are primarily connected to college.
Ours breaks down to roughly $1500. a year for ballet and dance class for our 14 year old daughter (fortunately my daughter never was interested in the cheering thing, some of her friends are, now that's out of control ), $1400 for flute lessons for her also, her orchestra, speech team and sports teams are included in her private school tuition, about $1800 for various town sports teams during the year for our 11 year old son (soccer, indoor soccer, basketball, hockey, fall baseball and spring little league baseball all spread through the year), $800./year for his piano lessons, about $200/year for his school trumpet lessons and band, $1600. a year for his AAU baseball team, $2000 a year for both of their 2 weeks at YMCA summer camp (a virtual bargain), and $700 for their sailing program for the rest of the summer. On top of that we spend about $28,000./ year tuition for our daughter's private prep school and will be sending our son to a private school when he reaches 7th grade.
We did the same (however only one sport a season) for our oldest son and he currently goes to a great college. Why do we do it??? We have no illusions that our daughter will ever dance professionally although she is great and she does love it nor do we feel she will necessarily ever play flute in an orchestra. As for our youngest son, he happens to be that rare kid who loves to play the piano and can't get enough of whatever sport. He will scale back his sports within the next year to one a season. The fact is our kids do things that they love and they work hard to do well at them. I can say that for my son baseball is a true passion and he could go very far with it (we've watched my older son's friends who were good enough to receive Division 1 full college athletic scholarships for football and baseball and our little guy is as good as any of them) but we aren't counting on it, we just love to watch baseball (Red Sox season tickets cost alot more than AAU baseball). My kids are also all exceptional students.
When we were kids (30-40 years ago) there were plenty of natural athletes who would pick up the football in the fall, the basketball in the winter and the baseball in the spring and could be the stars of the team without any special training or camps. This kid probably doesn't even get to play in high school (at least in New England) in this day and age. Our kids are being forced to specialize in one sport year round if they want to still be playing in high school. The natural athlete can't often compete with that kid who plays one sport year round on all sorts of elite teams. My oldest son was a good high school athlete but he never specialized, just played each sport in it's season. He did get athletic & academic honors for his talent but he didn't go to college on his talent. He did however have an advantage getting into college because he was passionate about those sports that he did participate in.
Similarly people may wonder why we spend such a ridiculous amount of money on private schools for our kids when we live in a town that has one of the top rated school districts in the state. In the case of schools we find that our choices of private schools offer significantly smaller class sizes and more advanced placement academics as well as classmates that are similarly motivated to our children (fewer classroom management issues). I was a public school kid and I did just fine and both my husband and I paid our own ways through college just so you know we aren't trust fund kids.
Finally, I have run into the question "why do you spend so much on your kids sports, private school tuition etc?" from friends who spend far more on expensive cars, country club memberships, and even Disney Vacation Club. My response to them is that "my kids are my favorite indulgence", they may not have the financial payback of other expenditures but fortunately they payback in undying gratitude!!! PS who needs retirement planning when these kids will take care of us in our old age ??
