text: However, some may say extracurricular activities are a waste of time and money. Some activities might require fees and time after school. But it is not a waste of time and money because, you can improve many life skills such as, social skills. Some people might be shy and not very social, but when you meet others who have been in your situation, you can open up and discuss your opinions. Being social is a big part of team work because you need to communicate and agree.