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Reply to "Children's activities that are a money pit"
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[quote=Anonymous][quote=Anonymous]^^^Couldn't you say that about any activity? Let's say you pay $20K in lessons for a kid to learn to play the piano, and the kid doesn't become a professional, but likes likes music, plays socially, and has a nice time. I would not think that was a waste of money. I don't think most parents are trying to get professional athletes, singers, etc. There is certainly no money to be earned in some of the most expensive activities like horseback riding, ice skating, or martial arts. I have my kids in tennis lessons because I think they will have a nice time and will learn a game they might enjoy through life. My kids play some local tournaments and mostly hangout with friends. I won't pay to travel to tournaments. But I don't spend more than my neighbors who's kids play hokey or travel sports. Overall, any activity is going to be a "money pit" once you try to take it to the Nth degree (additional lessons/coaching, travelling to competitions, upgraded equipment, etc.).[/quote] Yep- I have to agree with you here. I spend $3K+ annually on piano lessons and pianos aren't cheap. I don't have any expectation that my son will be a "professional" here- I would actually discourage it due to lifestyle/finances but I get enjoyment everyday listening to him play and I believe it is a great stress reliever. He's doing really well and we will probably spend more money on it as he gets older- but I'm not delusional- it's an expense and I'm just glad that we can afford it. However my son practices quite a bit everyday, if he didn't practice, it would totally be a waste a money. [/quote]
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