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

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, maybe it's time to create a backup plan. 

Thankfully, there are other investments that can get your child into college and earn scholarships. Academic tutoring in topics like mathematics can help students earn higher scores in the ACT and SAT. Mastery of topics like mathematics also provides another benefit: students can test out of entry-level college 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 Teaneck. We've been helping students with math for 7 years. Our team of instructors gives your child every advantage in learning math. Come see us at 1374 Queen Anne Rd.. Our Director, Rohan Syed would love to meet you. Sign up today for a Risk-Free Assessment!