8 tips for saving money on hobbies and pastimes
Lee wrote with an innocent question about photography equipment yesterday. Little did she realize I’d already been thinking about the broader issues of her dilemma. Here’s an abridged version of her message:
A friend asked me about cameras. He went shopping last weekend and saw lenses that ranged from $200 to $700. He felt that the lower-end lenses would not work for him, but he wasn’t prepared to spend $700, so he went home. Now he’s reconsidering. Of course the one he liked was $700. He thinks he should go to a camera store for some professional advice. What do you think?
Ah, the lure of photography. About five years ago, I spent a couple thousand dollars on camera equipment. Before I started Get Rich Slowly, I seriously considered trying to become a professional photographer. (A dream perhaps best left unpursued.) I believed that by throwing money at the hobby, I could improve my results.
This year, I’ve discovered the joy of running. On the surface, it’s a sport you can pick up with no equipment at all — you can just run in a pair of sneakers. As with anything else, I’ve discovered there are tons of things to buy: running shoes, special socks, water bottles, logbooks, and high-tech heart-rate monitors.
Which expenses are worth it and which are not?
When you begin pursuing any sport or hobby, it can be difficult to decide where to spend your money. The initial temptation is to buy the best gear now. But I’ve learned from experience that the best gear is worthless if I’m not skilled enough to use it. Before you spend money on a new pastime, consider the following:
- Know your goals. What is your aim? What kinds of photographs do you wish to make? Or, if you’re looking to purchase a bike, what is your objective? Do you want to commute five miles back-and-forth to work? Do you want to train to ride one-hundred miles? Are you just looking for something to putter around on with the kids? Be realistic. Be honest. Use your answers to help guide your decision.
- Educate yourself. When I was starting out, I didn’t like the quality of my photographs, so I did what many people do: I threw money at the problem. I bought expensive filters and lenses. I bought Photoshop. None of these things helped. My images still looked lousy. What did help was spending $150 on a community college photography course. An amateur photographer is going to get a much better return for her money by taking a photography class (or three) than by purchasing a new lens.
- Practice, practice, practice. Too often people believe that the equipment is going to increase their skill at something — golf, photography, whatever — when actually it’s practice that will help them improve. There’s no sense buying an expensive driver if you can’t hit the ball straight off the tee. Once you’ve hit a few thousand balls (or snapped a few thousand photos), then you might begin thinking about how new equipment might further improve your strengths.
- Don’t take advice from a salesperson. Yes, she knows a lot about the subject, but in general, her primary goal is to sell things. She wants you to buy more. Instead, find a friend who can give you advice on the equipment you’re researching. Use Google. If you need advice, get it from somebody who doesn’t have a vested interest in your purchase. Once you’ve done your research, then ask for a salesperson’s help.
- Borrow from a friend. Kris’ sister thought she might want to learn how to knit. Rather than buying a bunch of equipment, Tiffany borrowed a few of Kris’ knitting needles to give it a try. She did take up the hobby, but by borrowing Kris’ stuff first, she was able to learn the ropes before shelling out her own money.
- Consider used equipment. Check Craigslist or eBay. Find a dealer of used equipment in your town. You can often find high-quality items for cheap if you’re patient and know what you’re looking for. A friend of mine recently saved 33% off a fancy heart-rate monitor simply because he was patient and willing to buy used.
- Rent! For many sports and hobbies, renting is a great way to get a taste of the high-end. How often do you scuba dive? Ski? Instead of buying equipment that will mostly sit unused, consider renting when you need it. This not only will save you space, but can actually be less expensive in the long run. Renting is also a good way to try before you buy.
- Beware a hobby or sport that is driven by purchasing more stuff. Some hobbies are simply sales pitches in disguise. I’ve written before about my own obsession with the card game Magic: The Gathering, a game specifically designed to get
suckerspeople to spend more money. Kris was once into scrapbooking. She loved it, but she came to realize it was more about buying new Stuff than actually creating memories. Like many scrapbookers, her supplies now sit in the closet, unused.
Fancy equipment is not a panacea. In most hobbies and sports, skill is more important. Don’t get me wrong — good equipment can make your pastimes more pleasurable. But it’s difficult to know which equipment is worth the expense until you’ve gained some experience.
My photography instructor used to tell us, “A professional photographer can produce amazing shots from a crappy disposable camera. But a $5,000 camera won’t help a beginner make better photos.” This idea isn’t just true with photography — it’s true with knitting and biking, and even with running, too.
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There are 67 comments to "8 tips for saving money on hobbies and pastimes".
One way to budget for hobby-related expenses is to create a separate account for them that you fund by working on your hobby. You could save 25 cents per mile you run towards a running GPS, or save a few cents per mile you bike towards a new bike, or save a half dollar per hour you practice your clarinet towards a better instrument. It’s a way to delay gratification, it’s a way to make sure you’ll actually USE what you buy, and it’s a way to keep your spending in line with your dedication and abilities.
Agree with what Emily said regarding separate accounts. They’re very helpful in putting money aside for fun stuff (although I don’t contribute to them on a per usage way, they’re just allocated a set amount each month when I get paid).
Also worth noting the old recommendation of library resources for educating yourself. Library books can help with just about anything you want to learn, and cost you a grand total of nothing.
As far as hobbies and past times go, we have instituted an allowance policy. We each get a set amount in cash each month for our individual discretionary spending. So far, this approach has helped to reduce a lot of resentment when it comes to the end of the month spending report. Essentially it controls the amount spent by each of us on our respective hobby and no one feels resentful because the other spent more.
wow, great tips! i just wish i had read these years ago before i spent thousands of dollars on music gear. what do you know, turns out i am not a brilliant producer after all. my music studio was just the latest in a long line of overspending, burning out, and selling of hobby related gear.
i am at a point now where i just don’t spend anything because i know i’ll probably regret it a few months later.
i do think i may have found a good cheap hobby though. drawing! pencils and paper is all you really need. doesn’t get much cheaper than that.
“Don’t take advice from a salesperson. Yes, she knows a lot about the subject, but in general, her primary goal is to sell things. She wants you to buy more. Instead, find a friend who can give you advice on the equipment you’re researching. Use Google. If you need advice, get it from somebody who doesn’t have a vested interest in your purchase. Once you’ve done your research, then ask for a salesperson’s help.”
JD, this is excellent advice!!! This is especially good advice when it comes to things like investing, insurance, buying a house, etc. Actually, it applies to pretty much any major purchase you are going to make. Educate yourself before you go to buy. Then you won’t get the wool pulled over your eyes when you go to a salesman! 🙂
i’m a professional photographer (mostly of families) and i have two camera bodies and two lenses, a flash, a tripod and one set of lights. that’s it, and that’s all i want. my goal is to produce great work with a minimum amount of equipment. and it can be done. btw, i picked out my lenses by reading posts in photo forums. that was a great education.
Saro, that’s great advice. I seem to recall somebody telling me they worked at a yarn store to help subsidize their knitting habit, but can’t find the story. Great tip. Thanks.
I second the suggestion to take a class as a way to increase proficiency at your hobby. You’ll have access to an expert who can answer any specific questions you have–and who can give you feedback on your technique. Plus, you may get to try out nicer equipment than you have at home. Some hobbies just aren’t as enjoyable with cheap equipment (in-line skating comes to mind).
Wait, knitting is your example for ‘buying a bunch of equipment’? It’s a pair of needles! Yeah, you can get more complicated, but not when you’re thinking of learning in the first place.
About knitting, it’s never about just one set of needles, believe me, I know… You usually end up with several set of straight needles (sometimes of the same size if you are doing more than one project at the same time), double-pointed, circular in every size available. The needle type (straight, double-pointed, circular) is related to the type of project: socks, sweater or shawl for example. The needle size is related to the yarn used to knit. And then, there is wood, metal, plastic, carbon needles, etc. And there is the not-so-secret stash since yarn could be find in any cupboard, closet or pantry…
Ha! Good point, Diatryma. I had a different example at first, but changed it when Kris told me that her sister borrowed stuff from her to start. Still, the point holds true, even if the example is a little silly. 🙂
My wife was really into photography for a while. She decided to run a small photography business. It was never a gold mine, but it was enough to support the hobby.
We’ve now got a couple of good lenses, a good flash, a reflector and a couple of other ‘toys’, which were all paid for from the money she made taking pictures.
OTOH, with how much I like doing small business taxes, it might have been less of a hassle to just let her buy the stuff and not run a business. 🙂
I’ve come to learn that hobbies can literally consume lots of money. Computer building was one of mine right out of school. Its started out as building the first computer, and quickly transpired into overclocking. Once I realized that going for a high benchmark score was pretty pointless, I stopped spending money on incremental upgrades. I didn’t spend too much, but I realized that it would have potentially turned into an expensive hobby. At the time, it was reasonable to sell used components on ebay and receive a pretty descent return on what was originally spent, but its not like that now. I now realized that although I like still like that hobby (and playing games), it doesn’t really help me in the long run. I still like video games, but since my time is somewhat limited, espcially with my work, working out, and the new house, that alone makes me reconsider any new types of new computer, video game console, and video game purchases.
The gym is now my new, and probably most gratifying hobby I have been involved with ever. It wasn’t easy, but by this past spring, people had been taking notice to how much more fit I looked. It costs about $40/month, and I go 3-5 times a week for about 1 – 1.5 hours each time. I know the gym is one of those things in a budget that can be a waste (~$500/year), but I think of it as improving my appearance, strength building, and overall long term health since I actually use it. I genuinely feel pretty good about myself too. This past year, I didn’t have lingering allergies that I normally would have had. I did have a stint with a Cold for about a week, but it went away with minimal medicine. Granted, I go as heavy as I can and do get muscle aches, but thats to be expected. I occasionally buy new gym clothes when on sale, but not the $25-$50 under armor polyester t-shirts or $60 shorts. It took about a year, but for first impressions, I now have the ability and confidence to have new people take me seriously…something I never had before and something that I am still getting used to.
Recently after my wedding, I started consuming a preworkout powdered drink as well as creatine w/ electrolyte additives postworkout (plain creatine mono is very cheap, but may make you bloated looking). I’m finding that the stuff really makes me even more motivated to workout since I have had positive, measurable results with use (not placebo either). However, its also adding extra cost to the workout (now ~$3 extra per workout (protein incl), as opposed to just 54 cents or $1.08 for protein depending on either a 24g or 48g dose. I’m still deciding whether to continue using these products, or to discontinue due to added cost. I know its not like dropping $500 for a single accessory that occasionally gets used, but it is the equivalent of having another reoccurring bill each month, which could add up to the cost of a lens or golf club.
This is SUCH good advice. But it applies to collecting as well as hobbies. You touched on it with Magic, but really, having a collection can suck up so much of your time, money, space . . .sanity. I’m currently getting rid of 99% of one of my *collections* and I’m wishing I had never started in the first place. What a waste.
One of the things I noticed, is there is always more out there to collect and if you happen to stumble on a collecting community, there is always people with bigger collections, or who are willing to spend more on their items. The suddenly you have have a complete collection, or you just have to have that desired item, like you have to compete for the best collection. *sigh*
Now I still *collect* music, I use the term collect loosely, because I actually listen to and very often USE that collection. However after my experience with my *other useless collection* I do have watch myself! I don’t want to let it get out of hand again!
Knitting…..yes – the yarn stash. The sock yarn in particular is very easy to acquire – so many colors, so many patterns. I haven’t counted lately but probably have enough sock yarn for 15 pair? That may be low. I have seen comments in knit blogs of knitters with enough yarn for as many as 78 pair? Can’t remember where I saw that. Then there are the patterns, and books, and needles in every size in straights, circulars, double pointed and perhaps more than one needle in a size due to multiple projects in process. Then you may decide to spin your own yarn and for that you need a spindle or spinning wheel, niddy noddy and I can’t remember what else at this point (I sold all mine). Then if you blog or belong to knit along groups you may need a digital camera to post pictures of your in progress or finished items. So here we are back to photography.
Enjoying reading Get Rich Slowly.
Actually while knitting itself might only require a couple of needles, it can get expensive…oh, I really want some of that organic Alpaca wool for this big sweater I’m knitting, etc.
Plus it can be the first step down the road to more expensive fabric-related hobbies, like cross-stitch. You would think for cross-stitch all you need is the fabric backing, a needle and some threads, but in fact when you go to the thread stores you see all kinds of paraphenalia for cross-stitch aficionados, including very expensive stands, lights, and magnifying glasses, as well as carrying cases for all the stuff. And then there are the patterns…it goes on and on. My girlfriend has become a cross-stitch addict, so I know about it first-hand 😉
When it comes to running the only items I think you need are a stopwatch and good shoes. GPS watch makes distance calculation especially when random roaming easier and tech clothes are nice once you start running over 6 miles. I wouldn’t sweat buying a bunch of special gear for running… just get out there and run!
Just a reminder for those folks who talk about only needing a set of needles or only a good pair of running shoes to start a hobby – a good pair of running shoes will run you about $80-100 and should be replaced at least a couple of times a year; knitting is cheaper as new needles and decent wool can run up to $30 for a project. Still, that will add up over time and if you’re on a really strict budget can still be expensive.
I like Emily H’s suggestion for budgeting very much. That’s how I support my own craft hobbies – whatever I sell through fairs or etsy is what goes into my fund to buy more materials.
Everything J.D. advises here is so true. I also shelled out a lot of money — around the $3,600 figure for lens, insurance, camera base (Canon EOS 30D), external drive to store pix. I’ve used each of the items mentioned and I’ve made a good amount of money for some photo jobs (I’m a freelance writer who took on some photo work for a client), but not what I feel is a decent capacity on both accounts. I mostly feel stuck with equipment I just cannot understand correctly. Now I’m thinking about selling it on eBay (and using the funds to pay off the credit card I put the purchase on) and buying something more manageable.
I wish I had heard this advice beforehand … it works for anything you are musing about taking on …
A hearty amen to your last paragraph! In addition to other things, my hobbies are scrapbooking and photography. So far, I’ve managed to do both with very little monetary outlay. I got some very cool shots even on my point and shoot camera(with a lot of practice) and while I now am the proud owner of a DSLR, I still don’t own any lenses other than the kit lens.
As far as scrapping goes, I produce a ton of scrapbook pages while spending only a small amount on supplies and tools.
It just takes some creativity, I think, to do more with less when it comes to hobbies.
I think it is kind of ironic that you brought this up. I spent over a thousand dollars on a new camera with an additional lens and a new UV filter and polarizer. I thought my pictures would look spectacular. Come to find out my pictures from my cheaper $100 point and shoot camera was much better. It just filtered light better. I was so disappointed. I wish I hadn’t purchased so much equipment. Now it just sits in my closet and gathers dust. What a waste!
If it is possible to rent the needed equipment before you dive in to your new hobby to test the waters do it. About five years ago I wanted to start kayaking and I had my heart set on this one particular kayak that was about $1200. I rented the model I had my heart set on during a vacation and liked it. Once we returned home from our vacation I was ready to purchase the kayak that I had rented on vacation. My wife convinced me that I should try out a few more kayaks before I purchased one being that the kayak I wanted and all the accessories was going to cost about $2000. I tried out some more and ended up buying one that was considerably less expensive and fit my needs much better.
The other advantage to renting is that you can get a feel for your new hobby before you take the plunge. I had rented quite a few kayaks before I purchased one to make sure it was something I really wanted to do. I ended up spending about $1300 for my first kayak and all of the necessary equipment which is not an insignificant sum of money to spend on something you find out that is not for you.
By the way, I would be more than happy to sell you my Magic the Gathering Cards 😉
I have 2 hobbies that consume money – one is baseball and the other is tennis. I play tennis and I can tell you that even the best equipment doesn’t necessarily make you a better player. Fortunately with racquets you can demo before you buy. But with shoes its just more experience and relying on reviews, same with clothing.
Baseball is another matter. I don’t actually play. I prefer to attend games, collect cards, and collect autographs. The card collecting can get costly, but often I’ll buy a case of something I want, open it up and sell off the autographs and other cards of value I don’t want – it greatly offsets the cost of keeping the unsigned cards I want to keep. I would rather go to the ballpark and get the cards autographed in person then to pull an autographed card out of a pack of cards – where is the fun in that? So I’m headed to the game regardless and that is usually $25 a game, but to offset the cost of card collecting I just resell what I dont’ want. This could work for other hobbies, too.
i have the same problem.. i’ve always wanted to get an SLR camera (i’m a point and click guy and don’t know squat about photography) but i do realize this is an expensive hobby (lenses, upgrades) which makes me hesitant to even begin
my latest hobby (has been for the past year) is madden! yes madden.. i’ve played over 250 games online in 2008.. 2009 just came out last week and i’ve played almost 40 games already.. the only initial payment was $60 for the game itself.. and of course high speed internet which i’m already paying for anyway.. the good thing is madden keeps me cooped up in the house and prevents me from spending mula!!
This post is EXCELLENT, and extremely true. I tend to have this problem as well. When I jump into a new hobby, I feel the need to buy all of the best equipment right off the bat; my reasoning is that I really do end up using them, and learning to use them to their full potential. However, I have too many friends and family members that will try to jump into a new hobby and do the same thing, then don’t use them.
I have a good friend who buys a new wakeboard every season because he has this idea that a new board will make him better, when in fact that $5-700 a year would be better spent on lessons. My board is 4 years old, and it works just fine, and I’m still learning new flips and spins.
When I asked my friend (accountant) if I should lease a car since I own a small business, he replied: “don’t let the tail wag the dog”.
Now I apply that advice to my hobbies as well:
I won’t buy a better racquet in hopes of getting better at tennis, but I’ll get better at tennis and then reward myself with a better racquet.
1) You’ve probably already heard this, but your RSS feed is broken.
2) As a knitter, I can say with confidence that knitting is generally an expensive hobby if you do it the way most people do. Yeah, acrylic yarn is cheap, but very few serious knitters knit with acrylic – it feels awful on your hands, and the finished products are not particularly comfortable or attractive. Depending on your preferences, higher-end yarn can cost OVER $40 per skein. Not per project, per skein. My preferred needles (Lantern Moon Destiny rosewood circulars) cost $30 per pair. I only have one pair, but some people have them in every size. Then there are the accessories…
I buy for specific projects. I also knit lace, which makes for intricate, challenging projects that occupy me for months but only use a few skeins (and have attractive, usable results). I’ve been working on a shawl for 9 months that will likely take a year or two to complete. Most of the other members of my knitting group start a new project at least once a month. Most of them also have a “stash” of yarn (usually in the $5-20/skein range) that was often not purchased for any particular project, but just because the yarn itself was so wonderful. That way lies madness.
Like Daniel says “he has this idea that a new board will make him better, when in fact that $5-700 a year would be better spent on lessons.” That’s funny!! And true!! Maybe I need to take that $200 a year I spend on a new tennis racquet and just get lessons – I’d probably get a lot better.
My hobby is soapmaking, which is cheaper than some hobbies but does require an upfront investment in molds, fragrances and supplies.
The path I took to learning is one I highly recommend. I second the idea of community colleges, but there is a cheaper option – if you have access to the Learning Tree, the Learning Annex, or some other non-profit institution that provides adult classes, they are excellent value for the money and allow you to “try out” a new hobby for generally less than $60 per class. In my area, you can learn cooking, crafting, foreign languages, dancing, fitness, personal finance, computing, and many other subjects.
If you are in the Philadelphia or surrounding area, the following resources are great:
– University City Arts League
– Main Line School Night
– Mt. Airy Learning Tree
– Cheltenham Adult School
Good luck!
D.B.
Slightly off topic, but also very true…my daughter was going nuts wanting to take dance class. It’s $45 per month, which isn’t expensive for this area, but that adds up quickly.
A friend of mine (who is in good financial shape) had a daughter who also wanted to take this class, but couldn’t because she had nobody to drive her to and from class.
I volunteered to drive if she would pay and she was delighted. We both feel like we got the better end of the deal. She doesn’t worry about her daughter, knowing that I’ll get her safely there and back home. I love seeing my daughter participate in things that we can’t ordinarily offer her.
This is our second year of arranging dance lessons, drama class, art, etc.
daniel and KC.. you could probably say the same thing about golfers.. i’m sure there are alot out there that spend big money on the best golf clubs but have never taken lessons before in their life lol
it’s funny how common sense goes right through our head sometimes
Totally on point. You must research your hobby and figure out your goal before you get involved, otherwise, you may end up chasing something that was unrealistic from the beginning.
Elisa… I love the “don’t let the tail wag the dog” reference, its so true!
Tee hee. “Diatryma” clearly isn’t a knitter. I wasn’t either, and resisted for years, but joined their illustrious ranks in January. I’m aware of the slippery slope of expenses a new hobby can start, and have been pretty mindful in my shopping (haven’t bought a lot of stash yarn, just because it’s pretty), but I’ve still spent a few hundred dollars and have purchased .. let’s just say a goodly amount of stuff.
But it’s fun and I love it, so there you go.
I have found needle sets that are less expensive than buying individual needles (a set of 5 sizes of sock needles for $35, for example)(trust me, that’s a good deal, and yes, I’ve used 2 or 3 of the sets already), and am sticking to smaller projects to start with but.. it adds up fast!
A few years ago I took up the seemingly innocuous hobby of OneStroke painting.
I was in serious debt-repayment mode at the time and really couldn’t afford this. Yet I justified it thinking “how expensive can it get to buy a few $1 tubes of paint and a set of brushes”?
I further justified myself with the thought that I could get good enough to sell my crafty painted items.
WRONG!
There were the class fees. There was the special water tub made especially for OneStroke painters. There was a progression of books on OneStroke painting. There was the special paint-and-brush carrying case.
There was a fascination with acquiring ever more tubes of $1 paint in different colors to achieve different effects. There was a whole slew of brushes to buy — the basic ones weren’t too expensive, but they seemed to get progressively more expensive. And they seemed to wear out fast.
And of course, OneStroke isn’t done on paper, it’s done on things. There were unfinished wood items to buy. Then additional supplies to stain or paint the wood.
Then unfinished clay pots (and supplies to waterproof).
Then there were glass plates. Which required buying a whole different set of paints made for painting on glass and a whole different set of brushes for the special paint for glass.
The glass painting was where I realized that I’d really gone down the rabbit hole. I’d made a nasty dent in my debt-repayment AND I’d acquired a bunch of clutter.
And while I’d made a few nice little paintings, the OneStroke technique itself didn’t yield results that *I* would buy, so how could I get enthused about selling?
Not to mention how would I not go broke getting to the point where I’d have anything worth selling.
Now I have a big box of untouched painting supplies and no interest in painting.
P.S. — Does anybody have suggestions on how to get unused/unwanted craft supplies into the hands of people that can use them?
I don’t want to give this stuff to Goodwill.
Oh oh oh, you too played Magic 🙂 It does not need to be a money sink. I came out about even (+-$20, I forget whether it was plus or minus) by buying off lots from people who had stopped playing and selling off some of their more expensive cards. I traded a lot of cards. At one point I had the entire list of Scrye or whatever that magazine was called memorized and would usually come out on top of every trade. That’s how I got my good stuff. Eventually that became boring and I started constructing decks made entirely out of common cards just to prove a point.
@db – Try freecycle.
db – There are a LOT of groups that do charity crafts out there. For example, if you have unused yarn or fabric, Project Linus and WarmUp America are two nationwide nonprofit charities that have volunteers make blankets for infants and people in need. (They both have websites listing local chapters.) You might also try contacting local senior centers (who frequently do craft projects for seniors), libraries (who frequently do craft programs), hospitals (who often have volunteers do craftsy things for hospitalized people), schools (who can always use donations if the craft supplies are useful for the children), or daycares (same thing). If it’s a more technical or different hobby, you might try finding a local interest nonprofit club and donating your goods to its members. Or ask your friends or relatives about their hobbies, or if they know anyone who could use this stuff.
I do this frequently on a larger scale. I keep an ongoing box of ‘things’ to go to Goodwill, but I will find groups who might need it, if it’s that sort of thing, or will ask my friends if they want the items or know anyone who would want them, perhaps.
db, are you in Portland? There’s a crafty thrift store called… Knittin’ Kitten that takes lot’s of different craft supplies and resells for a low low price (but not free, which might be what you’re looking for?).
I was about to say, don’t forget Goodwill for hobby supplies! Especially good for crafting supplies and books, if hunting through racks and bins to find hidden treasures brings you joy… well I guess you probably already shop there then 🙂
Great advice. With some hobbies it is possible to sabotage yourself if you go too cheap. If you buy the cheapest set of golf clubs at a department store or a super cheap guitar, regardless of your ability and the amount of practice you will never be able to play golf well or impress yourself with your guitar playing. At some level, theses super cheap “intro to the hobby” packages are nothing more than toys. By borrowing or renting equipment first, you can figure out if you like the hobby and if so, what the minimum requirements to do it well are.
RDS
http://financialvalues.blogspot.com/
I love a lot of ideas in both the article and contents — Emily, I’d never thought of the “pay yourself” idea for things like running. Not that I’m a runner, but the idea still tickled me.
J.D. you know this makes the second article I’ve read about expensive hobbies that includes tips on Magic. But both fail to mention one of the most basic forms of affording hobbies like MTG: trading/selling.
My husband knows we’re on a budget. So he takes cards he gets from prize packs (from winning Friday night Magic… and even when he doesn’t win, it’s $5/week for 3 hours of fun and socializing) and I help him find the best price online. He can then use any money he gets to buy whatever he wants — but only as long as he sells enough to cover it.
This has worked well for the past three months that he has been unemployed. We spend $28 per month on Friday Night Magic and we budget for the quarterly release of new editions, since he always gets a ton of cards, plus almost a whole day of activity. Last time he went to one of those, he spent $20 for 7 hours of playing.
I know that a hobby based on items constantly rotating “out” constantly may seem like a bad choice for hobbies. But this is really his one vice. If he had to choose a single hobby — even giving up his beloved Xbox 360 (whose games we finance by trading in old games) — Magic would undoubtedly be the choice. And I believe that every budget needs a small amount of room called a “sanity fund.”
One thing that strikes me as sad about the acquisition of Stuff (equipment/supplies) in the pursuit of hobbies is that the acquisition often supplants actually partaking in the activity. It’s so much easier to buy things related to the hobby than it is to do the hobby. (Probably not unlike how easy it is to buy something on credit than save up for it!) The amount of supplies/gear/accessories acts as a sign of how “into” the hobby one is.
Having the best set of surgical tools does not make one a surgeon. Having Photoshop does not make a person a graphic designer. Having a Paul Reed Smith guitar does not make me a rock star. Indeed, it is practice that a person gets better at their craft, and brings true enjoyment. However, like what RDS says, it is probably good to start with decent gear. If I started with a cheap $20 guitar, I probably will not still be playing guitar now (been 8 years).
It’s important to have good running shoes to protect your joints and your back. It’s not going to make you a better runner but it will protect your health. The rest is just window dressing.
As far as photography goes, my top tip would be to buy a second-hand film SLR. You can pick them up off eBay incredibly cheaply. Or ask around – if you have a friend who is a keen amateur photographer and has already upgraded to a digital SLR, then there’s a good chance they’ll have an old film SLR lying around.
Some brands have lenses that can be used on their old film models and their new digital ones, but some film lenses are obsolete and thus can be found cheaply on the secondhand market.
Your images will be just as good as a digital SLR, and better than a cheap digital camera. And you can always scan images later, or get the photo shop to do it if you get the film processed commercially.
I can understand how a hobby can soon start eating up money. This often deters me from starting a hobby due to the costs. I get a good feeling that I will be saving money, but I feel that I might be missing out. I could start cheap, but it still seems like a bit of a waste, since costs will go up.
All great tips, especially the one about buying used. It amazes me how much people will invest in a new hobby, only to discover the hobby is not for them. But that’s what often makes for the availability of near-new items at a good price. And, if you buy used and decide to abandon the hobby, you can often re-sell the equipment/supplies for about what you paid for them.
I think that mapgirl used to work in a yarn shop to fund her knitting hobby. She definitely knits anyway.
My two hobbies are blogging (cheap and self-funding) and also I play the viola and the oboe. The viola is virtually free as I have quite a lot of music and a good instrument already. The oboe on the other hand, I’m taking lessons (£10 a time), then I have to buy reeds (£7+ a time, and I go through 1-2 a month) then there’s music.
Finally, I don’t actually own an oboe, I’m borrowing my teachers old student model. Unfortunately, I’m turning out to be quite good and I’m progressing quickly. The standard of oboe that it would be worth buying is increasing rapidly and I’m looking at saving up and spending about £3k (~$6k) on one and they go up to around £5k. I need to bear in mind that although I really enjoy playing and need a good instrument, I’m not going to be a professional and don’t need one of that quality.
DH is always trying to get me to buy a nicer camera for my blog photos (I use a $199 Sony point & shoot). But I think what I have does just fine.
One hobby I have that is expensive is gardening, but at least I can get some food out of the deal. However when you have bad soil you can spend hundreds each year on compost/mulch etc. I do try to save seeds & propogate my own plants, but it’s still expensive, I just try not to visit nurseries. At least it’s a hobby that keeps me fit as well.
Another great way to afford a hobby is to try to make money at it. I have a friend that does custom scrapbooks to support her hobby. DH loved making videos and started getting jobs to help buy new equipment. A year later, he quit his job and 5 years later it’s a full-time job for both of us.
Well put. I think the takeaway here is be patient, go slow, and don’t ever assume that high-end equipment will make you good.
Most people get so excited at the start they jump in too fast. Go slow people.
db, my friend is an after-school art teacher and she’s ALWAYS looking for supplies. In fact, most teachers pay out of pocket for their school/art supplies. It’s a great donation to make because the students will use it, learn and enjoy their time.
I second what writer’s coin wrote…going slow into a hobby is great. We’ve recently decided to put a little more money into my husband’s running. He’s run trail marathons and ultra-marathons in 29 dollar shoes from Walmart for years…but now he’s 40 and his knees aren’t what they used to be (I hope not from the shoes-LOLOL!) and he’s had some foot trouble and despite his going through a pair of shoes every 6 weeks, it’s just time to spend more money on them. He says his new shoes run like 100 dollar shoes and he can really tell the difference. But other than that, he’s a low maintanance runner and has consistently rebutted my offers (I do like shopping with a purpose I admit) to buy him some better shorts or gear when I see the other runner’s stuff.
But maybe deep down, when you get into a hobby, you know when it’s time to invest little more or when you’re just buying to buy. I’d be buying to buy, he’s buying because he’s trying to save his knees and foot and still run…
Great advice – high end equipment is meant for high end users. I started playing hockey when I was 25 years old. I didn’t know all of the equipment I would need so rather than spending thousands on stuff I might not need I went to a second hand shop and bought everything I needed there. The one piece of equipment that I bought new was skates and this wasn’t based on the advice of the sales person but that of the coach teaching the class I was taking. Find out what you’ll need, really need and get that. Once you become better you’ll start to understand what tools and equipment are going to help you get the most enjoyment out of your hobby or activity.
I completely agree. Recently I decided to prepare for marathon and my friend told me to but all these things like, new shoes, bottles, shorts etc. But using them for a week, made me realized that I wasted my precious money on them. I never needed them.
What a fool I am. 🙁
But wasn’t the possibility of a first-turn win worth the $1000 you spent for a Black Lotus and a full set of Moxen?
Back to the quote Paul Williams (#5) pulled out. It’s not just about being sold something. It goes deeper than that.
Because of the utility theory of information, we tend to value later information less and quit searching for information once our expected gain is less than the cost of the new information (time, effort, or currency). So even if it’s free information from a conflicted party, there is a good marketer behind that information who knows the high value of framing your search for a solution.
The flip side of this is that parties who are not conflicted with their advice tend to be less knowledgeable (not always; please no hate mail). Also, those who do not stand to gain from sharing the information are usually harder to find.
In a nutshell, that’s why informational advantages are usually abused.
Oh, you may be wondering about me. I first tell people not to take everything I say at face value, I give information which I blatantly have no financial interest in, and I often send people to other professional resources first.
Definitely take a class! When I took a pottery class at a co-op years ago, I’d hang out after class & watch the “old-timers” on the wheel. I learned more from watching them quietly, than from the ambivalent instructor they foisted on us. After the class was over I was invited to join the co-op & learned many invaluable tidbits of information of technique, tools, etc. from others who had been at it for years (ie: why spend money on a new rib, when an old credit card, or old cd will work just as well). I also checked out & studied every book in my local library on the subject.
When I took up stained glass, I again took a short course from my local junior college. I got to use their tools & equipment to discover whether or not it was something I would truly enjoy & stick with. I almost didn’t keep it up because the school tools were so worn it made the tasks more difficult. When I mentioned it to the instructor, she let me try her personal tools & I became hooked. I would surf the net for the best prices on various start-up tools, print out the info sheets & take them to class to see what she thought. I bought exactly the right quality tools for the craft without buying junk or more than I needed. Now I supplement my avocations by selling some of my work or donating it for charitable organizations to sell or raffle.
I think this a great article about the slippery-slope which is your hobby. I am a quilter. When I was first interested in learning how to quilt, I asked my quilter friend what I needed to do to get started. Well, I was told what type of machine to buy, what classes to take, etc. I bought the basic line quilting machine for $750 (and yes, that’s basic and cheap for a quilting sewing machine). Thankfully, I took the hobby, and have been quilting now for 4 years. So it was a good investment.
In hindsight, I now know that I could have rented a machine at the shop where I took my quilting class, and that should have been the way to go. So the class advice is the best one, and now I tell people to take a class and rent the machine before investing.
One of the “problems” with quilting (and I believe the same is true for most crafting hobbies) is that the fabric line changes so frequently. So if you like something now, it’s very possible you won’t be able to find it in 6 months. This leads to “stashes” – collections of fabric to use later. Fortunately, for me, I dislike clutter more than anything, so I don’t have a crazy stash like some of my quilter friends. I always ask questions before I purchase: do I have a project in mind for this fabric already, does it coordinate with fabric I already have in my stash, and finally can I afford it with my monthly budget. When it comes to hobbies, the monthly cash budget has worked the best for me.
I love to cross stitch. I save money by indulging this hobby to make inexpensive gifts for people. For example, it cost me less than $20 to stitch & frame a wedding sampler for a relative. She and her new hubby loved it! The plus side is that in gift-giving, there is no clutter in my house from this hobby.
On the renting/ borrowing thing: pool your resources. I have a friend who lives three blocks away, and we share quite a few similar hobbies. We’ve found that: 1. it’s never come up that we both need a springform pan or cake decorating kit on the same night; and perishables that one might not use up all the way in the quantities offered by the local store don’t get wasted quite so much 2. two can pressure the local library into buying a copy of the book we’ve been eyeing (or a subscription to a magazine our demographic enjoys) more efficiently than one, and when we can’t, well, the cost and storage space of obtaining the must-haves is halved.
It’s also easier to stick with a new hobby until it becomes useful if you have someone of like mind who’s also interested, and when hobbies are messy, cleaning up from a session of sculpture or painting is just as easy, I’ve found, from a couple of people or a small group as it is for yourself (as long as you don’t go overboard with refreshments)— and if you’re lucky enough to find compadres with similar standards for neatness and diligence, the work and time involved is halved or better.
Some hobbies aren’t as horribly expensive as they appear if you account for other ways they save. I’m also a photography nut, and my husband and I no longer buy souveniers on vacations, nor do we buy home decorations. My photos serve both purposes. People have also requested them as holiday gifts.
Obviously this isn’t intended to justify outlandish spending; it’s just a way to realize the true value of your interest in order to determine whether its pursuit is worth it to you.
(BTW, GIMP is just as good as Photoshop for most amateurs.)
JD, what equipment do you have, and are you interested in selling any of it?
I got shortlisted in a photography comp run by a national newspaper and the photo was taken on a Holga camera which I bought for £36. I too knit a lot for charity and get wool from thrift shops and encouraged donations from profligate knitters! Most of my needles are bought secondhand as well which keeps the cost down.
The best I’ve managed is to earn income from my hobby which then allows me to expense items purchased that generated that income. It’s like getting a 30% discount on everything!
Awesome post!
My husband does this. He’s an avid windsurfer. Windsurfing requires all kinds of expensive equipment, and most of the people he windsurfs with spend many thousands of dollars on equipment every few years. MrP buys their discard equipment when they replace, and pays a fraction of the initial cost. And yet, he still out-surfs them!
I guess I forgot to mention:
JD let me know if you want to ever get rid of cards (affordably). Cuz, ya know, they’re probably tied in with painful memories of overspending and all 😉
Whenever I want to buy something, I use Google and add the word ‘problem”.
And there you go: all the people complaining about the product of my dreams.
It helps me go back to reality
I was wondering if you were going to mention skiing in this, and sure enough you did.
As someone who just purchased her first pair of skis after years of chickening out at the sticker shock for years, it is completely worth to buy instead of rent.
Your legs will be less tired, your feet will be less sore, you’ll actually be able to get your money’s worth out of your lift ticket, and won’t waste half the day in the rental line.
I would recommend nobody rent boots or skis more than once to try it out (or buy them up front if you have reasonable confidence you’ll like it. Really. Rental boots hurt that much).
Of course, there’s no reason for a newbie to buy anything better than last year’s beginner gear on clearance, but that’s still a huge step up from rentals.
I’m trying to think if I can generalize this point – Some of it goes along the lines of people saying don’t buy the cheapest guitar, or base your opinion on the worn out school tools, More than that, skiing already has a high entry cost, and is very equipment based. It’s sort of analogous to taking a vacation to paris then eating at mcdonalds to save money.