A Camp For Every Budget

A Camp For Every Budget If you're worried about how to afford summer camp, here are some cost-saving steps to consider Summer camp is a wonderful opportunity for children to learn life lessons like leadership, independence and self-confidence, as well as trying new activities like sailing, ropes course and waterskiing. It's hard to put a price tag on your child's learning and growth experiences, but parents should know that with a little planning and research there are a number of ways-some perhaps obvious, some less so-to help make summer camp more affordable. Adam Weinstein, executive director of the American Camp Association, New York and New Jersey, said, "With careful planning, parents can find a camp that works within their families means. When you think about how much it costs to have a child home all summer, with child care and activities, you realize you can be paying a very small premium for a very rich experience." Look for camp early It isn't too early to look for a summer camp for the summer of 2012 or even 2013. Tour camps this summer while the camp is in action. Some camps offer early bird specials for registering now so you can register soon after the camp tour for savings. Searching for camp early also gives families a longer time to plan financially for camp. Gifts Camp can be given to children as part of birthday gifts and holiday gifts and parents can budget for these gifts throughout the year. Likewise, members of the extended family, like grandparents, may also contribute to a gift like camp. Search camps by cost There is a camp for every budget. Families can search the American Camp Association, New York and New Jersey's website searchforacamp.org by cost as well as day/sleepaway, location, activities or single-sex/coed/brother-sister camps. (Therightcamp.com also has a good camp search engine.) Likewise, families can also call the American Camp Association, NY and NJ camper placement specialist at 212-391-5208 for free, one-on-one advice on finding the right camp at the right price for your family. Keep in mind that some Y camps, in particular, view it as part of their mission to accept a certain percentage of kids from families with modest means. Assistance offered from the U.S government The government offers programs that may help families save money on summer camp. A Dependent Care Flexible Spending Account-A Dependent Care Flexible Spending Account allows parents to be reimbursed on a pre-tax basis for child care or adult dependent care expenses that are necessary to allow parents to work, look for work, or attend school full-time while they are caring for qualified dependents. Visit the FSA Feds website at fsafeds.com for more information. In certain circumstances, day camp expenses, including transportation by a care provider, may be considered dependent care services. ?Ä¢ Child and Dependent Care Tax Credit?Äîthe IRS allows an income tax credit of up to $6,000 of dependent care expenses if you have two or more dependents (up to $3,000 for one dependent). The amount of the credit is based on your adjusted gross income and applies only to your federal taxes. This applies to qualifying day camp expenses as well. Visit the FSA Feds website for more information. Talk to the camp director Parents should talk to the camp director at the camp they are interested in sending their child to. Some camps offer sibling discounts or early bird specials for registering early and payment plans?Äîand that?Äôs just the official policy. If you have your heart set on a camp but can't afford it, talk to the director to see if he or she would consider a sliding scale rate in your case. You never know. Hold a fundraiser I know this might seem like an overly self-serving solicitation, but if you do it in a way that shows spunk and creativity-and your child helps take the lead on it-you'd be surprised how friends and neighbors might be charmed by the idea of an effort to raise money for camp. Even something as old-fashioned as a lemonade stand with good signage about where the money is going might be an attention-getter and profit-maker. But use real lemons. People appreciate authenticity.