Choose Your Hobbies and Activities Carefully



Hobbies, activities, and pastimes can be a budget buster.
  Look at your hobbies for a moment-- Are they expensive?  Do they produce a positive by-product?

I try to look for hobbies that are inexpensive and produce multiple benefits for me and my family.  Want some ideas?

How about:

  • Fishing-- Low cost, fun, and tasty (and the scraps make good compost for the garden)
  • Gardening-- Growing vegetables from seed is a challenge, but the taste and the savings are tremendous
  • Hiking-- Low cost and good for you
  • Cooking-- Tastes great and more filling-- for you wallet!
  • Collecting sea glass-- Free and decorative, and good exercise beach combing
  • Collecting stamps and coins-- Free if collecting from circulation, educational (each stamp and coin has a story in its design), and possibly profitable
  • Walking-- Sightseeing, good exercise, and mentally refreshing
  • Art and Photography-- Relatively cheap, entertaining, and decorative

I could go on and on, but I think you get the idea.

Hobbies I avoid scuba diving, skiing, and any other equipment intensive activities-- they can consume you. 

I avoid gambling-- once in a long while maybe, but generally not a financial healthy hobby.

Always ask yourself if it is inexpensive and will it provide other benefits?

 

 

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Comments

  • 3/9/2009 12:01 PM Atkins wrote:
    Have to comment on skiing! What a thrilling activity! This past weekend, my daughter was invited by her friend, and right away I suspected the time was wrong since the snow had already been melting for a week – but a phone call to the ski area elicited a response that they had a 60 inch base. Even in August, they would say so, probably. Anyway, we eventually figured out that she would have to pay $35 to get in, plus $30 to rent skis, plus $18 to rent boots. It would have been her own money and although I made a strong case that this was unwise, I also told her that I would not overrule her decision. If she wanted to spend two months’ allowance for five hours of skiing, well, she might learn something.
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