Biggest purchase you made for your kids?
![[Post New]](/jforum/templates/default/images/icon_minipost_new.gif){kind=icon}
Anonymous
| Outside of school or college tuition or car. I am trying to figure out how to take the plunge and buy something that costs $20k. We can afford it and the kids will enjoy and benefit from it for a decade or more, but it’s so expensive… |
Anonymous
| What is it? |
Anonymous
| Probably their bicycles? But even those weren't that expensive. |
Anonymous
my guess a musical instrument |
Anonymous
| A horse? |
Anonymous
|
We bought a nicer bounce castle at the beginning of the pandemic for $600. I thought it was a lot of money, but my kids have used it a ton during the last three years, so it’s been a good value.
I think you need to consider how much your kids will really use it before you spend tbe $$. If they are really going to use it for 10years, that about $2k per year which is not a lot to pay if it facilitates an activity they really enjoy (this assumes you have the extra money). If that was the case, we easily spend that much on any one activity each year, so totally would buy it. But I probably wouldn’t spend it on something I wasn’t sure my kids would really continue with. Like I wouldn’t buy an expensive musical instrument, or build tennis courts, or some other hobby my kids are telling me they are going to do when they are 6 or 8 or some young age where they are still trying things out. If they are 14 or 15 and this supports an interest they have already held for many years, that’s very different. We would probably still not spend $20k unless it made a material difference in whatever experience it was supporting. And we have a seven figure HHI. |
Anonymous
|
We paid for a trip to Europe when our kid was a teenager. It was a trip associated with a musical group so I guess it could be construed as "educational", but it was not required. It was probably around 3K. Other than that we spent a lot on childcare (tens of thousands . . . probably close to 100K). |
Anonymous
| I can't imagine what this purchase could be. Please tell us! |
Anonymous
| boat? trip? |
Anonymous
| 50k for a horse |
Anonymous
| Sounds like a lake boat or jet skis or atv…do it op |
Anonymous
| Pool ? |
Anonymous
| Do activities and lessons and travel to activities count? |
Anonymous
| Pony is about that |
Anonymous
| I'm thinking one of those big fancy swingset/playhouses... we bought a $4K one many years ago and it got a ton of use - we did see some that were close to $20K |