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Money and Finances
Reply to "The financials of country clubs"
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[quote=Anonymous]DH really wants to join one and has for years. He's an avid golfer and plays several times a week at our local, very nice public. Our boys are becoming avid golfers as well and now my 13-year-old is asking me weekly if we'll ever join a club. I've always said no way...I hate the idea of paying thousands of dollars a year in dues just for privilege of being able to spend MORE money. However...now that my boys are into golf, and I hope my girl gets into it too...and I'm even trying to learn myself so I don't get left out of my golfing family...I'm starting to consider it. Tell me about the finances of the country club life. The one we're considering (we're not in DC) has an initiation fee of $40,000 and monthly dues of about $1,300. Plus food and beverage minimums which would be no problem to hit. Plus, man, every time you play golf you still pay a cart fee of about $40. Assessments have happened and can be big (last one was about $10k). If you belong to a club, is it worth it to you and your family? I've love your perspective. At what income level do you think joining a club makes sense?[/quote]
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