A:

When the economy is struggling and people are holding on to their money a little tighter, you need to find less expensive alternatives to many activities, including summer camp. Summer camps have provided countless children with memories and experiences that they will remember for a lifetime. However, if you can't afford to send your children away to camp there are many cost-effective alternatives that can prove to be just as rewarding.

The underlying ideas of a summer camp is usually to promote physical fitness, an appreciation for nature and history, and an opportunity to meet other campers and create friendships that last long past the end of summer. That being said, including these goals in your kids' summer activities can leave them feeling just as fulfilled and you feeling a lot less stressed over summer finances. Often the most expensive aspect of camp is the enrollment fee, which can run into the thousands for some out-of-state camps. By introducing your kids to the natural beauty and history of their hometown, they will gain a greater appreciation for their community and learn those lessons from camp at the same time. Take advantage of your town's heritage sites and public transportation. Visiting the local museum or zoo during weekdays can be much less expensive and a great learning experience for children of all ages. Registering children in summer sports leagues can provide them with an opportunity to be physically active and to make new friends with teammates and opponents, and the cost of most summer leagues tends to be a lot less than a typical summer camp.

By taking the initiative to introduce your children to a variety of activities close to home you can make sure that they don't miss out on the great lessons and memories that a fun-filled summer can bring. (For more on summer financing, read our related articles Budget-Friendly Summer Fun and Save Money On Summer Bills.)

This question was answered by Lovey Grewal.

RELATED FAQS
  1. To what extent do seasonal factors influence the utilities sector?

    Examine the effects of seasonal patterns on the utilities sector, and learn how the effects vary between demand for electricity, ... Read Answer >>
Related Articles
  1. Personal Finance

    Budget-Friendly Summer Fun

    Keep the kids out of your hair and wallet by saving on summer camps, sports leagues, day trips and more.
  2. Taxes

    6 Ways to Make Summer Camp Tax Deductible

    Summer is coming and working parents who are planning to shell out for their kids' camp can catch a tax break if they know the rules.
  3. Insights

    The Lucrative Business of Summer Camps for Adults

    Due to the increasing need to disconnect from technology and meet new friends, adult summer camps are a booming business in the United States.
  4. Personal Finance

    Summer School Or Summer Job? Weighing The Benefits

    The decision to go to summer school or seek out a job can have economic and academic repercussions.
  5. Personal Finance

    Summer School Or Summer Job? How To Decide

    We'll look at the pros and cons of both summer jobs and summer school and give you a framework that you can use to make the choice that's right for you.
  6. Personal Finance

    10 Things Your Family Can Do This Summer For Under $100

    Here are some activities you can do with your family to kick-start summer.
  7. Retirement

    Summer Job? Time to Consider Opening a Roth IRA

    Here's why a Roth IRA makes sense for young people wanting to invest some of their income.
  8. Managing Wealth

    Summer: Time for Teaching Your Kids About Money

    Use summer holiday time to teach your children about earning, saving and spending money.
  9. Personal Finance

    15 Great Summer Jobs for Teens

    There are a lot of summer jobs out there, find out what's available, how much it costs and what skills you need.
  10. Investing

    Save Money on Summer Bills

    From lawn care to summer fairs, expenses can skyrocket if you're not paying attention.
RELATED TERMS
  1. Zvi Griliches

    A celebrated Harvard University empirical economist. Born in ...
  2. Dually Employed With Kids - DEWKS

    A household in which there are children and both partners earn ...
  3. IRS Publication 503: Child And Dependent Care Expenses

    A document published by the Internal Revenue Service that outlines ...
  4. Sell In May And Go Away

    A well-known trading adage that warns investors to sell their ...
  5. Personal Finance

    Personal finance: all financial decisions and activities of an ...
  6. Cash For Refrigerators

    A federal energy efficiency program introduced in the fall of ...
Hot Definitions
  1. Fixed Cost

    A cost that does not change with an increase or decrease in the amount of goods or services produced. Fixed costs are expenses ...
  2. Blue Chip

    A blue chip is a nationally recognized, well-established, and financially sound company.
  3. Payback Period

    The length of time required to recover the cost of an investment. The payback period of a given investment or project is ...
  4. Collateral Value

    The estimated fair market value of an asset that is being used as loan collateral. Collateral value is determined by appraisal ...
  5. Fiduciary

    A fiduciary is a person who acts on behalf of another person, or persons to manage assets.
  6. Current Account

    The difference between a nation’s savings and its investment. The current account is defined as the sum of goods and services ...
Trading Center