- Parent Category: Money
Another great question.
The cost associated with competitive figure skating depends on the level of skating competition you're talking about. The higher the level you compete at, the higher the cost. Even if you trained the same amount, higher levels of competition will see you flying across the country and possibly internationally to compete, there's a major expense involved.
So, start with ice time and figure on 10-20 hours on-ice. This will vary depending on your rink.
Then add in coaching for some of that ice time. Figure on coaching from 25-50% of the on-ice time.
There's probably some specialized coaching in the mix for spins or jumps or artistic expression (I'm not making this stuff up).
Then add in some off-ice training (stretching, core strength, yoga, ballet).
Add in some skates (boots and blades generally bought separately at this point). Hopefully your kid will only need one pair of skates for the year but kids have an annoying habit of growing.
Oh my goodness, we forgot about outfits. Dig deep, she/he has to look great on the ice.
And don't forget tights, socks, sweaters, gloves and other miscellaneous pieces of clothing.
Now throw in registration costs for competition.
Competitions that are out of town will also require travel expenses. Fuel for your car and/or airline tickets. Hotel and restaurant food costs. Stress medication (that's for the parents not the kids, they're usually fine).
Now remember that you have to bring your coach to the competitions and you'll have to pick up the expenses for the coach as well. Some of them are fairly conservative with their lifestyle but some of them aren't so don't underestimate what this will cost you. If the coach has more than one kid at the competition, the expense is generally split so you might want to only plan to attend events where your coach has other kids competing. Coaches may also charge for lost wages while they're away.
Woops, forgot about testing costs. Not usually a huge expense but it's a few more bucks.
Well, I think that covers the major expense categories. By the time you're done, you're not likely at less than $10,000 and probably in the $15 - $20,000 per year range. Yes, that's a nice new car every two or three years. Kids trying to skate at the national level are likely spending more than that.
The answer to your next question is "Yes of course your kid is worth it".