How Much Do You Plan Spending On Your Kids This Summer?
Your kids are wrapping up at free babysitting, also known as "school" for the year. And that means for three long months, they're your problem again.
And you'll solve that problem the way everyone tries to solve a problem by throwing money at it.
According to a new study, parents spend an average of $170-a-week entertaining their kids during the summer. That's about $24-a-day which, unfortunately, sounds pretty accurate.
That includes the cost of things like camps, amusement parks, sports, other activities, movies, new toys and books, trips, and meals out.
On the bright side, once they're back in school, the cost of keeping them entertained drops down to $66-a-week. Which is still a lot . . . but it's more than $100-a-week less than the summer.
The study found more than a third of parents thought their offspring would complain about being bored over the impending six-week school summer break.
However, parents on tighter budgets told the survey they spend as much as a quarter of their household’s disposable monthly income trying to keep the children entertained.
Six in 10 said they are still happy to shell out as long as their children are happy, with 13 percent believing they spend ‘” too much”, the survey commissioned by Goodfella’s found.
A day at a theme park was picked as kids’ ultimate form of entertainment by 23 percent of respondents, followed by TV and movies, a day at the zoo, a park trip and eating out.