Cost of Hobbies
By Matt - Thursday, November 27th, 2008
Three weeks ago I finally managed to get back to one of my hobbies and I was surprised by a sudden cost. I play hockey once a week during the winter in an adult hockey league. This is more of an activity than a hobby but it’s at a very low level and I treat it as a hobby. The sudden cost that I encountered was my skates were mysteriously damaged. Thankfully I’m able to still use them but I can’t continue to do this for long and I’m going to need to put some money into fixing them or replacing them. My hobby was unexpectedly costing me money I hadn’t accounted for
All of this lead me to thinking about the cost of hobbies and when we take on a new hobby or even continue to an existing one we need to keep in mind the costs associated with them. I use hockey as my hobby and it’s a bit of an expensive one because of all of the equipment involved. Hobbies don’t necessarily have to have a large start up cost associated with them but there is usually one. As you’re getting into your new hobby you need to keep the cost in mind.
With all of the changes in my life and the tight finances I would be completely remiss if I ignored the cost of my hobbies when I was putting together my budget, but that’s what I did. Its easy to overlook this as a regular budget item because the costs are typically infrequent. The cost of fixing my skates really brought this to the forefront for me. Keep the cost of your hobbies in mind especially if you have an expensive hobby like golf.
This entry is filed under Budgeting and Planning, Commentary.
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