When budgeting for back-to-school expenses, parents generally include routine fare like clothes, school supplies and maybe a new backpack. But if your kids participate in extracurricular activities, whether it’s sports, music lessons or art classes, you could be on the hook for hundreds — or even thousands — of dollars in additional expenses throughout the year if you’re not careful.
As parents, we hesitate to stifle our children’s athletic and creative urges, especially when it can be so difficult to drag them away from their iPods and Xboxes. But sometimes you’ve just got to step back, weigh the different options available and decide what you can afford without upsetting your other financial goals and responsibilities.
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