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Started By
Message
Families stretch their budgets for high-priced youth sports
Posted on 9/6/17 at 11:21 am
Posted on 9/6/17 at 11:21 am
USAToday
"We just want him to get a scholarship and good education."
"investing" $300k so the kid can get a $50k scholarship
Why can't parents just be honest? They think their kid is special just like every other parent and instead of pushing him to a career with a higher chance of success (like engineering or computer science) they try to ride, what they believe will one day be their cash cow, to a big pay day.
lol uprooting your family, neglecting your retirement, living check to check, and pinching pennies living vicariously through your child while trying to use them as a lottery ticket.
lol 32nd place
quote:
Judy Carter Davis and her husband, Dwight, recently got back from a trip to Scotland
But the couple didn’t travel 4,508 miles in late May to go sightseeing. They crossed the Atlantic and spent $4,800 over 10 days to watch their son Ian, who turned 14 last month, compete in the U.S. Kids Golf European Championship 2017 at the Royal Musselburgh Golf Club. He finished tied for 32nd placein the 13-year-old group.
Since Ian played his first golf tournament at age 7, the couple’s financial commitment to his athletic development has been sizable. “Well in the six figures,” Dwight Davis, 53, estimates. To reduce strain on their budget, the family “had to make sacrifices,” such as not “going on as many vacations” and saving a “little less in 401(k)”
The couple recently sold their Dallas home and moved to Orlando, Fla., so Ian could hone his skills at Bishops Gate Golf Academy, where annual tuition, including academics at Montverde Academy, costs $60,000.
The goal: an athletic scholarship and good education for Ian. Playing pro on the PGA Tour one day, Dwight Davis adds, would be a “bonus.”
Most American families (63%) spend anywhere from $100 to $499 per child each month on youth sports, TD Ameritrade found. Another 18% fork over $500 to $999 monthly. Roughly one in 10 (11%) spend $1,000 to $1,999. On the high end, 8% said they spend $2,000 per month or more, or $24,000-plus per year.
All that spending on sports crimps other parts of their lives, the survey found, with 55% saying they “cut back on entertainment,” 40% saying they “take fewer vacations,” and 23% admitting they have “cutback on money set aside for retirement.”
"We just want him to get a scholarship and good education."
"investing" $300k so the kid can get a $50k scholarship Why can't parents just be honest? They think their kid is special just like every other parent and instead of pushing him to a career with a higher chance of success (like engineering or computer science) they try to ride, what they believe will one day be their cash cow, to a big pay day.
lol uprooting your family, neglecting your retirement, living check to check, and pinching pennies living vicariously through your child while trying to use them as a lottery ticket.
lol 32nd place
This post was edited on 9/6/17 at 12:58 pm
31
Posted on 9/6/17 at 11:22 am to Pecker
Ive put about 100 grand into my 9 year olds baseball career. Totally worth it. He is looking at a full ride scholarship to LSU-E
Posted on 9/6/17 at 11:26 am to Pecker
quote:
Why can't parents just be honest? You think your kid is special just like every other parent and instead of pushing him to a career with a higher chance of success (like engineering or computer science) they try to ride, what they believe will one day be their cash cow, to a big pay day.
lol uprooting your family, neglecting your retirement, living check to check, and pinching pennies living vicariously through your child while trying to use them as a lottery ticket.
lol 32nd place
I do "stretch my budget" for youth sports.
I pay a shite ton for girls gymnastics b/c she loves it. I have no expectation of financial benefit (i.e. scholarship). It is a fantastic sport for her growth and character, but ultimately I'll pay for it as long as she is personally enjoying it.
But, sadly Pecker, I think you're mostly on point with this one. Gymnastics moms are travel baseball/AAU basketball dads for the most part. It's crazy how worked up and pissed off they get over 8 year olds and what their coaches are doing.
This post was edited on 9/6/17 at 11:28 am
Posted on 9/6/17 at 11:26 am to Pecker
quote:
U.S. Kids Golf European Championship 2017 at the Royal Musselburgh Golf Club.
Oh lawdy.
Posted on 9/6/17 at 11:31 am to Cosmo
quote:
He is looking at a full ride scholarship to LSU-E
Has Delgado's interest waned?
Posted on 9/6/17 at 11:34 am to Pecker
I've hosted numerous kid golf tournaments in my day. Anywhere from 9 yr olds up through high school.
I fully told a father to 'get fricked' after he berated his 12 or 13 yr old daughter into tears on the driving range. fricking lunatics.
I fully told a father to 'get fricked' after he berated his 12 or 13 yr old daughter into tears on the driving range. fricking lunatics.
Posted on 9/6/17 at 11:34 am to Pecker
He should just pretend to be a girl and win the girls champ flight.
Posted on 9/6/17 at 11:34 am to Pecker
quote:
U.S. Kids Golf European Championship 2017 at the Royal Musselburgh Golf Club.
It really is sad what youth sports are turning into.
Call me old-fashioned, but youth sports used to be about sportsmanship, teamwork, sacrifice, and hard work. If you were good enough to make it the next level, then so be it.
Now it seems like all youth sports are tailored around making kids feel like they're already pros.
Posted on 9/6/17 at 11:40 am to Pecker
quote:
the couple's financial commitment to his athletic development has been sizable.
"Well in the six figures"
quote:
The goal: an athletic scholarship
I hope that kid knows math better than his parents
Posted on 9/6/17 at 11:40 am to Pecker
My kids play sports, my daughter has been playing basketball since she was 3, she's 12 now. Some parents are nuts. More than a few of her classmates are older than her because their parents held them back a year so they would be bigger and stronger than the other girls in their class so when she was she played against other 3 year old, but when she was 5 she was playing with 6 year olds who went to kindergarten a year late just so they would be a year older and stronger than the other girls.
These same parents spends hundreds if not thousands of dollars a year on private lessons and summer camps and play year round on multiple teams all of them thinking they will get college scholarships. My daughter plays six months out of the year and goes to ONE summer camp each year, no more. She'll probably also get the same basketball scholarship most of these kids get, meaning none.
Just mind boggling.
These same parents spends hundreds if not thousands of dollars a year on private lessons and summer camps and play year round on multiple teams all of them thinking they will get college scholarships. My daughter plays six months out of the year and goes to ONE summer camp each year, no more. She'll probably also get the same basketball scholarship most of these kids get, meaning none.
Just mind boggling.
Posted on 9/6/17 at 11:40 am to Pecker
quote:
lol uprooting your family, neglecting your retirement, living check to check, and pinching pennies living vicariously through your child while trying to use them as a lottery
I get where you are coming from but you are dead wrong with this family. I happen to know them. They are very well off, great people, didn't really uproot from Dallas, and golf is their passion.
Stop being a self righteous prick when you have no clue what you are talking about.
Posted on 9/6/17 at 11:45 am to Pecker
quote:
"investing" $300k so the kid can get a $50k scholarship
A guy I work with has put well over six figures into his daughter's softball career over the last 10 years. She's maxed out her talent and is an above average HS player, but that's all. If she plays on the next level, it will be as a walkon at a small college. If he'd been putting that money away all along, he'd have enough to pay four years full tuition at any college in the country.
Posted on 9/6/17 at 11:46 am to Jim Rockford
quote:
he'd have enough to pay four years full tuition at any college in the country.
bro, do you even vicarious?
Posted on 9/6/17 at 11:47 am to dsides
quote:
I get where you are coming from but you are dead wrong with this family. I happen to know them. They are very well off, great people, didn't really uproot from Dallas, and golf is their passion.
Stop being a self righteous prick when you have no clue what you are talking about.
Isn't being a self righteous prick when you really have no idea what you are talking about the point of the OT?
Posted on 9/6/17 at 11:48 am to dsides
quote:
Stop being a self righteous prick when you have no clue what you are talking about.
First Pecker thread, huh?
Posted on 9/6/17 at 11:48 am to Jim Rockford
Now, in fairness, if you couple decent athletic ability with stellar academics, you are catnip to Ivy League and D-III universities, especially in women's and "upper class" (like golf and water polo) sports.
So, depending on the plan, I can see the method in the madness.
So, depending on the plan, I can see the method in the madness.
This post was edited on 9/6/17 at 11:49 am
Posted on 9/6/17 at 11:54 am to dsides
quote:
I get where you are coming from but you are dead wrong with this family. I happen to know them. They are very well off, great people, didn't really uproot from Dallas, and golf is their passion.
They're so well off that they're cutting back on expenses and pulling from their retirement to push their kid into golf?
They're the ones who said they're having to sacrifice financially. I think you might have been too triggered to catch the broader point here. These parents are not an outlier. A lot of parents are stretching themselves financially for youth sports, and it's rarely good for the kid or the family in the long run. Did you even read the article?
This post was edited on 9/6/17 at 11:55 am
Posted on 9/6/17 at 11:57 am to Pecker
quote:
They crossed the Atlantic and spent $4,800 over 10 days to watch their son Ian, who turned 14 last month, compete in the U.S. Kids Golf European Championship 2017 at the Royal Musselburgh Golf Club.
At least that's a great experience. And $4800 for 10 days in Europe seems like a bargain.
Posted on 9/6/17 at 11:59 am to Pecker
quote:
They're so well off that they're cutting back on expenses and pulling from their retirement to push their kid into golf? They're the ones who said they're having to sacrifice financially.
I think you might have been too triggered to catch the broader point here. These parents are not an outlier. A lot of parents are stretching themselves financially for youth sports, and it's rarely good for the kid or the family in the long run. Did you even read the article?
Those parents don't seem well off to me at all.
If you have to dip into your retirement to pay for something, you can't afford that something.
Posted on 9/6/17 at 12:05 pm to HeyHeyHogsAllTheWay
quote:
Those parents don't seem well off to me at all.
If you have to dip into your retirement to pay for something, you can't afford that something.
The article said the father had a good job and is well paid but dsides was too triggered to read the article because he "knows them," even better than they know their own finances.
quote:
The couple recently sold their Dallas home and moved to Orlando, Fla., so Ian could hone his skills at Bishops Gate Golf Academy, where annual tuition, including academics at Montverde Academy, costs $60,000.
$60k yearly tuition. Multiple $3-4k golf tournaments a year. Private lessons. Etc. they're spending crazy amounts of money and having to sacrifice financially hoping their kid hits the big time.
And the point of the article is that they aren't an anomaly.
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