When the neighborhood kids start putting on shin guards and lacing up their cleats for their first soccer game, your child might want to join in too. These extracurricular activities are a great way to get children involved with peers their age who share similar interests and often come with newfound excitement – but they also come with extra costs. Although creating these memories for your child is priceless, they don’t have to crush your budget. Keep reading to learn five tips for saving money on your child’s extracurricular activities without compromising on their experience.
1. Set a Budget
The costs of extracurricular activities can add up fast, so it’s important to come up with a budget before enrolling your little one in any and every activity that catches their eye. This budget should include more than just the registration fees of the teams they wish to join, as the costs don’t stop there. Do some research to find the final sticker price, including hidden costs like equipment, uniforms, and travel. This can help you manage your budget (and ensure it doesn’t take you by surprise) and stick to spending only what you are comfortable with.
2. Rank Activities
Help your kiddo rank the activities they want to try and enroll them in the one or two they marked the highest to start. Not only will this help you save on costs, but it will encourage your child to identify the activities they are most passionate about and prevent them from becoming overscheduled. Overscheduling your little one can put a strain on your wallet, as well as take time away from other important activities – like schoolwork and spending time with family and friends.
3. Find Activities Offered Through the Community or Local Schools
Many counties and townships offer activities at discounted rates to members of the community. Be sure to check out your local and state park system, library system, and community or recreational centers to see what they are offering. For example, your local library might host a free youth book club that would be well-suited for your little book worm.
Furthermore, encourage your child to explore different after-school clubs and activities that are offered at their school. Oftentimes, these clubs and activities are free or inexpensive to join.
4. Buy Secondhand Gear
Enrollment fees are just the tip of the iceberg when thinking about the cost of extracurricular activities. They often don’t include the costs of uniforms or equipment that your child will need to actually do the activity.
Buying secondhand gear from an athletic or thrift store can help you save. You can also find secondhand gear on online marketplaces, such as your local Facebook Marketplace, Nextdoor, or eBay. Additionally, if you know someone whose child used to participate in the activity or may have outgrown their gear – you can ask if they are willing to sell or donate the used equipment to you. You can also consider posting your inquiry to a local community board or group and see if anyone is able to help.
5. Find Creative Ways to Get Discounts
Many leagues and organizations offer discounts to parents and guardians who volunteer their time to their child’s team. Whether you volunteer to be the “team parent” and organize team-bonding activities, manage or coach the team, or help in another capacity – the time and commitment you give may earn your child a discount.
Another way to try and find a bargain is to register your child for their activity as soon as the registration window opens. Several leagues and organizations offer discounts if you are one of the first to register or register within a certain timeframe. Although these discounts may not always be steep, every dollar counts.
With some planning and budgeting, you can help your child pursue their interests without letting your wallet take a hit.
If you’re looking for more money saving tips, subscribe to our First Scoop blog by entering your email address at the top right. And if you’d like some no-cost budgeting tools, be sure to check out our fillable PDF budgeting worksheet on our website, as well as our financial calculators.