Save Money On Kids Sports Equipment

5:09 PM, Aug 9, 2012   |    comments
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WASHINGTON, DC (WUSA) -- The 2012 games spurred lots of young people with dreams of Olympic glory.

But a commitment to a sport can put an Olympic-size strain on family finances as the lessons, travel and equipment add up.

So, before you let your child dive into a sport head-first, Kiplinger's Personal Finance editor says start slow.

"It's really good to give your kids, I think, a broad experience.  But, you don't want to overdo it.  You don't want to overdo it on yourself, and you don't want to overdo it on the kids," Janet Bodnar says.

You'll waste money on equipment if your child loses interest.  So, don't buy it new right away.

Bodnar says, "Get something used first at least for the first one; maybe even through the first couple of seasons until the kids, again, really make a commitment to this."

Buy new sports equipment at the end of the season.  It's more likely to be on sale.

Gas costs add up when you shuttle kids to practices and to out of town meets.

A carpool is another move you can make to save time and money.

And, for multiple athletes in the family, check to see if your local youth league, pool or gym offers discounts for families. 

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