About 18 months, I took up the sport of golf after 20 years of saying I just didn’t have the time to play the game. I was probably avoiding playing so I wasn’t completely embarrassed the first time I teed the ball up only to hit a ground ball that barely made it past the ladies tees. Everyone says golf is an expensive sport, and they weren’t kidding. Between clubs, balls, clothes, gadgets, greens fees, and (country club dues for some) it can cost you a pretty penny to play this frustrating sport. So, what can you do to keep your costs down?
- Golf Balls– Let’s face it, for most of you playing with Titleist Prov V-1 ball isn’t going to improve you game at all. People who are actually good at golf will get you all excited that this ball is going to help you hit further and straighter, but you still have to be able to swing the club to make that happen. If you are losing 6 to 12 balls a round, you’d just be better off getting a cheaper ball. A site called www.guaranteedgolfballs.com offers 500 quality golf balls for $125. Now, that’s a bargain!
- Play In The Afternoon– Since daylight savings time is coming soon, you’ll get an extra hour of daylight at the end of the day. If you can complete a round in 4 hours, getting on the course after 2 p.m. in the afternoon will generally save you significant greens fees. You can still enjoy a round of golf for half the price.
- Negotiate Your Dues– If you use a country club, many of these clubs are joining with another club or have an affiliate program with several clubs right now. Since membership dues are declining for a bunch of these clubs, see if you can negotiate a 12 month or 24 month deal that allows you unlimited golf or more golf at a discounted price. You are in a much better bargaining position today than five years back when these clubs will filled with members. I would especially look at clubs that were built in high end housing developments that typically did not take outside members.
- Hit the clearance rack– At many of the large outlets and golf superstores, you can find clearance racks and used clubs at a great price. Recently, I went to the PGA Tour Superstore and got a White Hot XG Sabertooth Odyssey putter that was used (it looked brand new) for $49 dollars. This normally retails for $140. Take a close look at these type of deals before you make any purchase as it can put money back in your pocket.
I am under no illusion that my golf game is going to get into the low handicap range anytime soon. I’ve just grown to the point after 18 months that I am going to have fun, and I don’t have to pay an arm and a leg to play the game. Your Smart Money Moves brings you tips like these to help you increase your bottom line. Add A Comment
Ted Jenkin, CFP®, AAMS®, AWMA®, CRPC®, CMFC®, CRPS®
Co-CEO and Founder oXYGen Financial, Inc.
oXYGen Financial, Inc. co-CEO Ted Jenkin is one of the foremost knowledgeable professionals in giving financial advice and Smart Money Moves to the X and Y Generation.
Phone 1.800.355.9318 or 770.777.0427
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