KUSA - According to a recent survey conducted by digital offers destination RetailMeNot and The Omnibus Company, nearly 9 in 10 parents (88 percent) report that their child participates in extracurricular activities during the school year, which almost all parents (90 percent) contribute to monetarily.
Whether kids are participating in sports teams (53 percent), class day-trips (53 percent), music or theater clubs (32 percent) or fundraising programs (32 percent), parents anticipate that they will shell out an average of $396 throughout the school year to pay for these activities.
Not surprisingly, working parents, who often need their kids to be occupied for more hours in the day, will spend substantially more than non-working parents ($428 vs. $301).
Apart from the costs, school is actually something parents look forward to. Nearly all parents (91 percent) admit to looking forward to at least one thing when their child goes back to school in the fall, namely a more regular schedule (51 percent), extra time to themselves (34 percent), a quieter home during the day (28 percent) and not having to keep their child occupied during the day (27 percent).
Trae Bodge from RetailMeNot.com spoke with 9NEWS regarding the added financial burden parents are facing as a result of school extracurricular activies and back-and-school spending trends.
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