Hobbies can be really expensive. There’s the materials, the equipment, the gadgets, magazines, shows, membership fees – all of this adds up. And when it comes to hobbies, all of these things seem to be must haves. As a quilter I can tell you how tempting it is to have all the latest and greatest for your hobby.
But can hobbies actually save you money?
I got thinking about this a few weeks ago.
My husband was home from work for a week, and he spent his time making a coffee table. He spent hours happily sawing, sanding, gluing and oiling.
I thought I would make the most of his constructive mood and put in a request for a desk, a new bookshelf, a TV stand and some shelves for the garage. We’ll see how I go. 🙂
I realised that a hobby is not only an enjoyable way to pass the time, it can replace goods and services that you would normally have to pay a lot more for.
Hobbies can save money by:
- Providing hours of entertainment. Don’t know what to do with your leisure time? Spending too much spare time shopping? Spend your leisure time doing something that you enjoy without spending money.
- Developing your skills. Practicing your hobby hones your skills giving you the option of it becoming a source of income.
- Providing an end product with a functional purpose. Most of our bedspreads are handmade. So are our throw rugs. The upside of being a quilter is that you never run out of bedding. And it’s great having a husband who can knock up a bit of furniture on demand.
- Making gifts. There is nothing like a hand made gift that is a labour of love. There are only so many knitted jumpers a person can wear. If you are going to be indulging in a hobby, doubling it as a gift saves money.
There is also the pride, self esteem and sense of satisfaction that crafting something with your own hands gives, which of course is priceless.
Some hobbies that could save you money:
- Sewing, knitting,
- Home brewing
- Making jams
- Making jewellery and accessories
- Car maintenance
- Handyman / fixing things
- making soap/ beauty products
Of course then there is also the potential for earning money from your hobbies by selling the end product or service.
As for the table my husband made? The photo below is the finished product. The table is a gift for his mum. So a week of entertainment and a great hand made gift all for under $50.
What hobbies do you have that save you money?
Melissa Goodwin is a writer and the creator of Frugal and Thriving who has a passion for living frugally and encouraging people to thrive on any budget. The blog is nine years old and is almost like her eldest baby. Prior to being a blogger and mum (but not a mummy blogger), she worked as an accountant doing other people’s budgets, books and tax.