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[quote=Anonymous][quote=Anonymous]I spend $1500/month for my son's fencing. And I take home only $5500. I am a single dad. Some days I regret putting him in fencing because it's clearly too much given my take home pay. Other days I am happy that my son enjoys fencing and brings him joy. My advice to parents like me who don't make a lot is to be plan well otherwise you will end up spending on a sports that won't give them scholarship for college instead saving that money for college. But he has been doing it for 6 years now and he likes it. It's okay. When I die it's not like I am going to be buried with my money. At least I have $0 debt. My neighbor is from France and his son is amazing in tennis and swimming. He said it cost them very little compared to here. America is fantastic at monetizing everything. On a positive note, if you are wealthy and can afford it please support your child and give them whatever they need. They will be very appreciative. My son is really grateful and that alone is enough to keep motivated.[/quote] First, very few people get a scholarship to college that exceeds what they spend from 0-18 for that sport. I know one who made their kids do sports with that intention. Kid ended up doing a sport at one of the state University, with about 50% tuition scholarship. Well tuition was only $12K as a freshman and my 3.5UW/1200/no AP kid got $4K in merit at that school, so only 2 K less. And we didn't spend $10K+/year on the sport (really they spent $15K+ for 10+ years) Their kid was smart and likely would have gotten the same merit award without the sport. So don't spend on sport in hopes of scholarships. It rarely pays off [/quote]
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