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What’s your bottom line on hobby spending?
Posted on 7/24/23 at 7:33 am
Posted on 7/24/23 at 7:33 am
In response to the boat thread the other day where bass boats are running in the upwards of $100k.
Whether you fish, hunt, play golf, go mud riding, travel, whatever….is there a price point where you’re out whether you can afford it or not?
Example, I can afford a $100k bass boat but it just seems idiotic at that point so would move into some other hobby. If you enjoy traveling but flights went to $4-$5k. Even if you could technically afford it, would you still do it?
Whether you fish, hunt, play golf, go mud riding, travel, whatever….is there a price point where you’re out whether you can afford it or not?
Example, I can afford a $100k bass boat but it just seems idiotic at that point so would move into some other hobby. If you enjoy traveling but flights went to $4-$5k. Even if you could technically afford it, would you still do it?
This post was edited on 7/24/23 at 7:35 am
Posted on 7/24/23 at 7:34 am to BabyTac
quote:
What’s your bottom line on hobby spending?
Do hookers & blow count as hobbies?
Asking for a friend
Posted on 7/24/23 at 7:36 am to BabyTac
I don't budget like that. The wife and I have a bi-weekly discretional spending account where we move money in twice a month and thats what we spend on hobbies, shopping, dining out, entertainment, etc.
Larger expenses like travel, new bikes, new golf clubs, etc. are budgeted into monthly expenses when we know we are at a time of year when our normal spending may be down (usually late spring).
Larger expenses like travel, new bikes, new golf clubs, etc. are budgeted into monthly expenses when we know we are at a time of year when our normal spending may be down (usually late spring).
Posted on 7/24/23 at 7:38 am to BabyTac
Fishing, hunting, and mud riding have never held my interest to the point to invest a lot of time and money in them. The amount of money people spend on those three things is insane but to each their own. I try not to judge until we are doing an eviction on people that have a side-by-side, boat, and two $80k vehicles but failed to pay their house note. It happens more than you think.
This post was edited on 7/24/23 at 7:40 am
Posted on 7/24/23 at 7:47 am to BabyTac
I'm into cars, guns, and games so 110% of every paycheck is reasonable IMO.
Posted on 7/24/23 at 7:50 am to BabyTac
Is there parking outside of your studio apartment that allows boats?
Posted on 7/24/23 at 7:50 am to BabyTac
Models are not that expensive. Most of the ones I buy cost anywhere from $20 to $75. I usually buy anywhere from 1 to 4 a month, plus paints and other supplies.
Posted on 7/24/23 at 7:50 am to BabyTac
Don't really have a budget, but I'll buy the store brand grocery item to save $1, but not think twice to drop $5k on car parts.
Posted on 7/24/23 at 7:54 am to BabyTac
Every hobby can get expensive, you can fish off of the bank with a bucket and a couple of cane poles for very cheap. I can guarantee you that only 1% of the bass fishing population is dropping $100k+ on a bass boat when there are other alternatives that can help you fish competitively in tournaments.
Everyone's situation is different but $1k/month towards your hobby should be a reasonable limit.
Everyone's situation is different but $1k/month towards your hobby should be a reasonable limit.
Posted on 7/24/23 at 7:59 am to BabyTac
With model railroading, I don't buy anything new. At all.
There are so many estate sales and eBay listings where you can get something for half the price that it usually goes for new.
Except if it's a Big Boy... that's like crack to the foamers. They'll pay $700 for a used Athearn one with a broken gear.
There are so many estate sales and eBay listings where you can get something for half the price that it usually goes for new.
Except if it's a Big Boy... that's like crack to the foamers. They'll pay $700 for a used Athearn one with a broken gear.
Posted on 7/24/23 at 8:20 am to BabyTac
My bottom line is I will spend until the wife gives me too much shite about it. Lol. (Which she rarely does). A few years go I came to an epiphany. I would rather spend money now enjoying the things I like than die with that money sitting in the bank. Money has no value until you spend it. Enjoy life for it is far too short.
Posted on 7/24/23 at 8:21 am to BabyTac
I buy a new camera and lens system every year. So a couple grand at least on that one.
Posted on 7/24/23 at 8:28 am to BabyTac
Disc Golf.. bout ~$350/year on new discs and other gear. As far as hobbies go, pretty inexpensive.
And yes baws, before ya ask.. i will save some p*ssy for the rest of yall
And yes baws, before ya ask.. i will save some p*ssy for the rest of yall
This post was edited on 7/24/23 at 8:28 am
Posted on 7/24/23 at 8:28 am to BabyTac
quote:
bass boats are running in the upwards of $100k.
This is just another example of things getting ridiculous because madison avenue tells us we "need to have this or we're trashy".
You need a 100k bass boat or youre just a poor rowing a pirogue. How many more fish you catch?
You need a 100k kitchen or you're just a trashy poor cooking on a skillet. Are you making better food?
You need $20k of golf clubs. Whats your handicap? Keeping it under 8? Probably not.
You need a 70" tv or your just a poor with an old tv. So you can watch reruns on Netflix?
You need a F250 Super Duty with really big emblems and SUPER DUTY stamped into the metal in like eight places or it's just a ranger. F150's dont count anymore. PS what are you hauling?
It gets really old and I do not fall for that stuff. If ya'll want to come over and have a cheap beer out of my white fridge please do so.
This post was edited on 7/24/23 at 8:31 am
Posted on 7/24/23 at 8:33 am to BabyTac
I golf and honestly I don’t want to know how much I spend annually on it. Between the CC dues, equipment, clothes, trips etc. I’m sure it’s way more than I care to admit.
Posted on 7/24/23 at 8:57 am to BabyTac
It all comes down to what do you want out of life and what are you able and willing to do about it.
To each his own, as long as you don't blame your neighbor
or expect your neighbor to subsidize you
or expect your neighbor to endorse you
or complain your neighbor does not mimic you
or claim your way is the correct way and others are wrong.
To each his own, as long as you don't blame your neighbor
or expect your neighbor to subsidize you
or expect your neighbor to endorse you
or complain your neighbor does not mimic you
or claim your way is the correct way and others are wrong.
This post was edited on 7/24/23 at 9:55 am
Posted on 7/24/23 at 10:05 am to BabyTac
Healthy and fitness is my hobby.
The startup costs are up there but maintenance costs aren’t much at all.
The startup costs are up there but maintenance costs aren’t much at all.
Posted on 7/24/23 at 10:10 am to BabyTac
quote:
Example, I can afford a $100k bass boat but it just seems idiotic at that point so would move into some other hobby.
I'm in the same boat.
I just can't bring myself to spend that kind of money on something that I might use 30 weeks out of the year for maybe a total of 60 days. I bought a canoe and spend more time doing that than anything else. Small tackle box, small rivers and large creeks. Way more fun.
Posted on 7/24/23 at 10:22 am to BabyTac
quote:
If you enjoy traveling but flights went to $4-$5k.
?? $5k will get you nearly anywhere in the world on Turkish in Biz. Full fare coach flights to Europe and Asia are under $3k. The average flight cost to Tokyo for next month is about $1400 in coach (from IAH.)
I will spend about 5% of my annual income on "experiences" such as travel, concerts, etc.
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