Extracurricular activities are an important part of a child’s development. They allow kids to shine in ways that may not be possible in the classroom. Extracurricular activities also help kids step out of their social circles to forge new friendships. They may even be your child’s gateway to a college scholarship.
But extracurricular activities are expensive. If you’ve got several school-aged children and each wants to participate in two activities, you can be looking at spending thousands of dollars for fees, equipment, uniforms, instruments and supplies.
However, you don’t have to choose between your budget and your children’s happiness. Here are some ways to save.
Limit the number of after-school activities
If you’ve got several over-ambitious young ones at home, consider limiting extracurricular activities to just one per child. You’ll be doing your children a favor by forcing them to pick an area of focus, allowing them to channel all their energy in one direction.
If you have friends with kids who are also into sports and music, see if you can swap equipment and instruments from year to year.
Lots of children’s sports programs offer discounts of up to 30 percent just for signing up early. Speak to your children about after-school programs and sports teams well before the season so you can snag those early-bird specials.
Buy used equipment
Rent musical instruments
If you’ve got budding musicians at home, consider renting the instrument they’ve taken up this year. There’s no way to tell if that burst of passion they currently have for playing the violin is just a passing phase or the beginning of a lifelong hobby. Some instruments, like the French horn, can cost as much as $1,000, but can be rented for as little as $50 a month.
If your child is convinced they’ve found their instrument of choice, you can purchase gently used musical instruments from resale sites like Craigslist, eBay or Reverb.
Volunteer your time
If you’ve got the time to coach a team or to walk around selling refreshments during games, you might be able to nab a discount on program’s fees and equipment.
By making smart, frugal choices, you can turn your children’s dreams into a reality without draining your wallet. If you’re needing help putting together funds for extracurricular actives, Skip A Pay is the perfect way to get a little extra cash. For a small fee, you can skip a loan payment during the month of your choice. Visit our website for full details. Have a great school year!