Cutting These 10 Everyday Expenses in 2014 Will Save You $8,844
How to Perfectly Plan Your Divorce to Protect Your Assets
PNC Bank Review – Overview of PNC Bank Accounts, Loans and More
Here’s Why Bank of America Just Closed Your Credit Card Without Telling You
2014 Academy Award Statue Valued at Just Under $400
Why You Could Start Seeing Your Credit Score on Your Credit Card Bills
How to Host Your Academy Awards Viewing Party on a Budget
Warren Buffett Reveals His No. 1 Investment Strategy That Anyone Can Follow
Your ATM’s OS is a Decade Old: Here’s Why Banks Are Scrambling to Update It
What You Need to Know About Obama’s $3.9 Trillion 2015 Budget
Discover What a Discover Bank Online Savings Account Can Do For You
4 Tips to Cut Your Monthly Bank Fees
Here’s Why One Analyst Says Bank Stocks Are Going to Double
How Ben Bernanke Earned $250,000 in 40 Minutes
Visa and MasterCard Join Forces to Protect Your Card from Hackers
It Costs Boston Marathon Participants $2,165 to Run Today
The 118th Boston Marathon took place this morning, with Meb Keflezighi winning the men’s division and Rita Jeptoo winning back-to-back women’s championships in the race. Keflezighi is the first American to win the race since 1983. Boston took on some heavy financial costs this year to ensure the safety of the race in the wake of last year’s tragic Boston bombing. Though runners who’ve endured a competitive 26.2-mile run before understand the physical toll a marathon takes, the financial costs for runners are often overlooked. If running a marathon is a goal of yours, you’d better start saving early.

The Boston Marathon is arguably the most popular and competitive running event annually in the U.S. While other major metropolitan areas have their own marathons as well–there’s the L.A. Marathon, The ING New York City Marathon and the Bank of America Chicago Marathon, to name a few–they don’t quite match the excitement and buzz surrounding the world’s oldest annual marathon. That might be because there’s actually a qualifying time runners have to meet in order to participate.

For 2014, the Boston Marathon field was limited to under 36,000 runners who had to meet the infamously stringent qualifying time limits based on age and gender. United States residents had to pay a $175 registration fee, while international runners had to pay $225.
Registering for the Boston Marathon

For runners that don’t qualify under the time limit, they can choose to participate through a charity. Most organizations make you agree to raise at least a few thousand dollars for their cause to run on their team. Some charities go above and beyond and set their minimum fundraising amount even higher. So if you’re thinking about running next year, you better get a head start on budgeting and planning who to ask for donations.

Also, most charities do charge an additional processing fee along with the minimum fundraising amount and they list that the Boston Athletics Association requires an application processing fee, too. On the bright side, those donations are tax deductible.
Getting to the Boston Marathon

Though it’s located in Boston, the race draws participants from all over the world. Last year, Lelisa Desisa of Ethiopia won the men’s division at two hours, ten minutes and 22 seconds. According to TripAdvisor, a round trip from Addis Ababa Airport in Ethiopia to Boston’s Logan International would run about $1,390.

For our domestic runners, this year’s winner Keflezighi traveled from San Diego. A round trip flight from San Diego to Boston would run around $639.
Staying in Boston

If you’re a runner who’s taking the race seriously, then that means you’ll need a good night’s rest. According to TripAdvisor, rooms of at least three stars or more within a 10 mile radius of Hopkinton–the Boston Marathon’s starting point–range from $151 to $1,079 per night. It’s no wonder why most runners shack up with others to save money.
Race Prep Costs

Running is free, but if you need a little help, you can get marathon training plans through E-books on Running Planet for around $10. You could also opt for a personal trainer at the gym, which can cost anywhere between $20 and $300 per hour. And even if you just opt for the gym, that membership runs around $25 per month on the low end.

In addition, you will also need proper equipment like running shoes. You can get a decent pair for around $50 or cheaper at your local shoe store bargain bin. However, if you need the perfect pair for your feet, they could cost as much $150 or more. They might only seem like a pair of shoes, but if you’re pounding the pavement for three to five hours, the last thing you want is any discomfort on your feet.

While there are other costs that need to be factored in, such as nutritional regimen, health check ups with your physicians and other variable costs, this is just a basic breakdown of what you’d need to run the race. If we average these costs for registration, airfare, personal training, one night at a local hotel and running shoes, that’s about $2,165 to run in the 2014 Boston Marathon, not including donations if you’re running through a charity.

Hey Ladies: Don’t Miss Out on the Broke Boyfriend Tax Exemption
3 Ways to Fix Your Finances in One Hour for Daylight Saving Time
IRS Reports This Year’s Average Tax Refund is $3,034
How to Start Saving Money for Your Baby’s College Education
How to Find Free Tax Preparation in Your City
IRS Wants to Pay You $25,000 for Saving Your Tax Return
5 Secrets Your Bank Doesn’t Want You to Know
How to Handle the 5 Most Awkward Money Situations
4 Tips to Cut Your Monthly Phone and Cable Bills
Stop Wasting Money Because You Won’t Admit You’re Old
Amazon Prime Price Hike: Is It Worth It?
10 Tips for Winning Your March Madness Bracket and Some Extra Cash
I Lost My W-2! What Should I Do?
4 Cheap, Fun Ways to Celebrate St. Patrick’s Day
What Four Leaf Clovers and Interest Rates Today Have in Common


Visit Statistics