The Way Parents Invest in Their Kids: Does it Make Sense?

Jan 26, 2022 | Kelowna


Have you ever stopped to consider the extracurricular expenses parents pay? Dance, swim team, art lessons, basketball, traveling teams, etc. The list goes on and on. WinterGreen research estimates that "Families with children who take part in elite teams spent an average of $3,167 per player (per year)." 

A recent survey conducted by TD Ameritrade shows us that out of 1,000 families surveyed, "34 percent of parents were confident their child would make it to the Olympics or turn pro in a sport, but statistics show only about 2 percent of elite athletes win college scholarships."

Those are pretty tough odds. If you're hoping sports will be your child's free pass into college or university, maybe it's time to create a backup plan. 

Thankfully, there are other investments that can get your child into post secondary and earn scholarships. Academic tutoring in topics like mathematics can help students earn higher scores in Entrance Exams. Mastery of topics like mathematics also provides another benefit: students can test out of entry-level university classes if they already know the content. (Now, that's a smart way to get ahead!)

If you're looking to invest in your child's future, consider investing in their education at Mathnasium of Kelowna. We've already helped more than 70 local students with math, both in our Centre at Capri Mall and with our face-to-face online sessions. Our team of instructors gives your child every advantage in learning math. Come see us at the Capri Centre Mall. Our Director, Alana McLellan would love to meet you. Sign up today for a Free Assessment & Trial Session!