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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
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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 7:36 am to Cheese Grits
Sure. If strippers and partying were your think but lap dances went to $80/per vs $20. Do you still go put that girl thru college?
Posted on 7/24/23 at 7:38 am to LSUfan4444
quote:
I don't budget like that
So if the hobby started exceeding your budget plan, do you adjust your budget plan or just quit doing what you enjoy and find something else?
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 7:42 am to BabyTac
quote:
if the hobby started exceeding your budget plan, do you adjust your budget plan or just quit doing what you enjoy and find something else?
If the expense what we have budgeted and there was no way I could spend less I would either have to quit doing something else or quit that hobby.
For example, I used to race close to 10 sprint or olympic triathlons from memorial day through October but at that time I wasn't playing much golf.
The cost of a race entry is around or over $100, plus food, hotel rooms, etc so now I might race 2-3 times over the same time period BUT I spend alot more on golf.
As the wife and I have gotten raises and our income has increased we usually increase our discretionary spending in accordance
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 7:49 am to BabyTac
You can’t afford shite
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 7:55 am to jaytothen
quote:
I'm into cars, guns, and games so 110% of every paycheck is reasonable IMO.
That’s me. Spend several thousand a month between cars, 4 wheelers, hunting, and guns.
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 8:01 am to bad93ex
So when your hobby exceeds $1000/month, do you just give up on your goals or go all in? Quit doing what you love to go find another passion?
Posted on 7/24/23 at 8:05 am to BabyTac
quote:
So when your hobby exceeds $1000/month, do you just give up on your goals or go all in? Quit doing what you love to go find another passion?
Get creative, you don't need to buy new. Like Vols above me said, there are plenty of estate sales, garage sales and classifieds to find the equipment to fuel your hobby.
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 8:23 am to jaytothen
quote:
I'm into cars, guns, and games so 110% of every paycheck is reasonable IMO.
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