10 years old is a great age to teach kids how to earn extra money — they’re still young enough to listen to you, but old enough to do some actual work. Here’s the story of J’s first side hustle — selling Christmas cookies to family and friends.
In the spring, J will be eligible to test for his black belt!
The cost of this particular test is $430.
Hold the phone. What?!
Cost of Karate
J has been training for about four years now. There are lots of costs associated with karate including:
- Tuition ($95 per month)
- Testing fees ($60-$75 each time; initially four times per year, then later two times per year)
- Tournaments ($50+ each; around twice per year)
- Uniforms ($40+ when he needs a new one, about every two years)
- Other incidentals like patches, bags, fundraisers, parties, etc.
I split the costs with J’s dad and so far we’ve footed the entire bill.
Benefits of karate
There’s no denying that karate is a great activity. J learns responsibility, leadership, personal protection, coordination, focus, how to get along with others, commitment, personal development — the list is endless.
Because karate is important to us and because J gets a lot out of it, we’re fine with the cost.
Pitching in towards the test
But because he’s getting older and I want to engage him, I told him that he was responsible for 10% of the testing fee.