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Old 01-15-14, 12:36 PM   #1
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Do you save money with your hobbies?

I do maybe a little bit by buying and roasting my own coffee.

Yes, we all save when we cycle versus drive a car. Some hobbies don't save money, but are certainly worth it in the end product...like home brewing.
Haven't gone down that road yet. ___Yet.
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Old 01-15-14, 12:41 PM   #2
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Cycling certainly does not save me any money. I have a tax business that is more of a hobby. That "saves" me money in a way. It costs me thousands a year, but brings in enough to cover the expenses and spend money on my cycling hobby.
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Old 01-15-14, 12:46 PM   #3
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no we dont, some of us have bikes worth more than cars.
and or are money pits. all they need are chrome rims and subs in the seat bag

if rappers thought it would get them chicks, or they could smuggle drugs doing it, would would have
have rappers named with gold bikes in the cat 3 already.
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Old 01-15-14, 12:49 PM   #4
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Oh heck no... while cycling saves me in transportation costs, and ocean swimming saves me from public pool costs, sailing is a hole in the water into which I throw too damn much money. My wife does water color art, both professionally as an illustrator, and as an artist... she rarely recoups the time and material costs for her art... so that too is a money sink.
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Old 01-15-14, 01:04 PM   #5
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Actually yes. Working on my own car just the past few years has saved me thousands for sure. Not to mention that I love tinkering, and I have definitely saved some money that way. Even the hobbies I spend money on save me money imo. I figure I spend $15 on a new to me video game, and that's at least 20 hours that I won't be out spending money. If it keeps me in from a single night out, it pays for itself.
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Old 01-15-14, 01:09 PM   #6
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My hobby is counterfeiting.
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Old 01-15-14, 01:20 PM   #7
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My hobby is pinching pennies.
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Old 01-15-14, 01:27 PM   #8
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I thought hobby and saving money couldn't be mentioned in the same sentence... I have lots of hobbies - none of them save me money; all of them cost alot. For instance: I make greeting cards. I suppose you can say I don't spend $6 in the store for card but I can't tell you how much I spent on supplies, equipment time and energy. Same with my photography, gardening and don't get me started on my cycling habit, the worst!!
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Old 01-15-14, 02:21 PM   #9
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No. My main hobbies are photography and LEGO. Constantly spending money.
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Old 01-15-14, 02:26 PM   #10
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I guess I could claim a couple of mine save me money.

Cycling is not one of them.

I garden. If I compare to the normal costs of buying stuff then no it costs. If I compare to the costs of getting produce where fresh is measured in minutes then it saves me a bundle as that would cost big bucks.

I also do leather working and related craft projects. Tough measuring a lot of why I started was because what I wanted did not exist. For a couple of things in particular all that was available was either junk costing $20 or really nice costing $150. I could make good stuff where materials were well under $20.

BUT to make just one I need to buy a good part of a hide. A multi mini punch, a bag of 20 rivets, a rivet setter, A rawhide or rubber mallet, a work surface to cut on, a cutting tool and a few other pieces where I only needed to buy enough for the piece. So the first cost over $100, the second was just those few pieces, like $2. By the third I need more rivets.

Similar for something else small where staining was involved, stain and finish you have to buy enough to do a lot. That project also involved a handle, either wrapped leather which meant a whole skin at over $20 and glue at about $10 or tooldip at about $9. Stain and handle meant over $25 for the first one, the main material about 50 cents. So number 1 was $25.50 if tooldip and about $40 if leather. 2-10 about 50 cents each. After that if tooldip time for a new can, which would be good for over 100 (when the can has lost about an inch there is not enough to dip, but there is 6" left).

So if just for me, no savings.

Then my first sale. The first item was size sensitive. I knew a petite lady who wanted one and her choices were worse than mine. She could get the cr*p item that fit and would break in the first few uses and the expensive one that didn't fit.

A sale followed by lots of sales. So that hobby makes me money.

Problem is it is like making something custom for bikes that is really cool but that you can only sell in any quantity at a cool stuff for bikes fair! Do you see the problem? I know some here will figure it out, if you can only sell something at a cool stuff for bikes fair it means you are at a cool stuff for bikes fair. Now this is totally different stuff but same principle. I see related cool stuff. My goal is usually to break even and leave with some cool stuff that I either can't make, would be a pain to make or would cost too much to tool up for.
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Old 01-15-14, 07:00 PM   #11
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of course not. more the other way around: they are time and money pits. cycling, old cars, old cameras. it all costs.
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Old 01-15-14, 09:50 PM   #12
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Fixing cars used to save me money as a hobby, now since I do it professionally it's no longer a hobby and just work.

Every other hobby costs money rather than saving it. If my present job was bicycle commutable for me there might be that, but it isn't.
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Old 01-15-14, 11:14 PM   #13
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But what about obtaining the results via hobby versus paying someone to do the same? Surely building a piece of furniture or replacing worn rotors and pads, for example, save money versus paying the pros. Once the capital costs are out of the way, it's more likely to be economical. I know it depends on what the hobby is. But surely some must be worthwhile economically as well as for personal satisfaction. Fixing one's bicycle and/or upgrading components or modifying would be more expensive if you paid your LBS to do those things. NTTAWWT

I am looking into making soap. Looks like it can be done with few ingredients (very cheap) or not so much. Once the process is learned, should be kind of like my coffee thing. More satisfaction in learning a new skill and perhaps saving a few bucks while using a [hopefully] more healthy product.
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Old 01-16-14, 05:17 AM   #14
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Cycling
Photography
Woodworking
DIY around the house (painting, new floors, remodels)
Travel

All are money drains. With woodworking and DIY, I take the "savings" and upgrade the quality of materials. With hobbies, when looking at "savings" one never applied the hourly rate to your own time. With photography, yes I have a business license, but when I am on a shoot - it's a job, not a hobby.
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Old 01-16-14, 06:35 AM   #15
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Not too many sustainable hobbies for me since I am broke. I do my own car maintenance and repair because it needs maintenance or repair, not for a hobby. I can't see (or afford) paying someone $1000 for something I could do for $100 or less. I buy relatively low miles used cars and drive them into the ground. They are falling apart with rust before they are ever ready to retire mechanically. Typically put 200k on them which is about 10 years of driving for us (Wifey put 23,000 on her Rav4 last year and we only bought it the end of February last year.

Same with the house. Why on earth would you pay huge amounts of money to paint the interior of the house? So many times on budget boards I see people saying "budget buster, had to have someone come paint the house interior. It's such an easy thing to do. An $8000 roof should cost you less than $1000 plus a case or 2 of beer to your buddies.

The bicycle, well I'm not yet on a decent bike, but it isn't a hobby. It is exercise, exercise that I thoroughly enjoy, but strictly exercise non-the-less.

I got into photography a bit, enough to learn about it. Don't have thousands laying around though so only had a superzoom point and shoot camera and outgrew the camera capabilities pretty quick.

I play around on a guitar a bit. I don't know much, just noodle around. I don't have a $3000 Strat though, I have a $200 Cort Strat-style. Not the greatest, but I do love it and a "good" guitar wouldn't sound much better under my fingers than it does.

I fly RC airplanes. Most people seem to spend thousands a year on airplanes. I tend to buy 1 airplane and fly it for years. I'm without right now because I don't have the funds for one that I want, but here shortly in the future I'd like to get into FPV flying with either the Easystar or a tricopter. I live in the middle of nowhere so I am flying from my back porch.
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Old 01-16-14, 08:20 AM   #16
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My main hobby is combing thrift stores/garage sales/etc. for things to buy and sell on Ebay. I have a thrift store or two that I visit nearly every weekday on my lunch hour. Combine thrift store and garage sale items with surplus from work, and I'm many many dollars in the black over the past 10 years. Some of the money has gone to support other hobbies like cycling, but most has gone into the family coffers. Therefore, I would say that this hobby doesn't necessarily save money, but it generates quite a bit.

I'm another who drives vehicles into the ground. My family's primary vehicles both have over 200,000 miles on them. I enjoy working on them, so it could sort of be considered a hobby. I do anything that I can figure out how to do. That has saved us tons of money. Most recently, I rebuilt the solenoid in my car's starter. Rebuild kit was $13.50 versus $125.00 for a new starter at Autozone that probably wouldn't be nearly the quality of the OEM starter.
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Old 01-16-14, 08:26 AM   #17
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I thought my hobby would make me money but I've spent way more on materials then I've made. Ugh
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Old 01-16-14, 08:32 AM   #18
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Not a dime.
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Old 01-16-14, 08:52 AM   #19
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I don't "save" money, but do try to keep costs down. My hobbies are important to me, but down the list a bit more than some other things.
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Old 01-16-14, 08:58 AM   #20
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I make money on hobbies. Kind of.

Bikes were a hobby, and then I got into the bike business. So it became income-making... compared to just being a hobby. The opportunity cost was the potential to make twice as much as I made as a mechanic, so if you figure that, net zero or even net loss. However, it was a conscious move away from publishing, I've only just started doing it again with much reservation about getting back into it and away from bikes. And I still wrench part time. So again, making money at a "hobby" (more passion, or even vocation).

There's another hobby I had which made money but broke laws.

Many collectors, once they hit a certain level, become de-facto dealers and some filter to the top into money-making ventures, but they are rare and usually have decades into a hobby before it happens.
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Old 01-16-14, 02:56 PM   #21
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My vegetable garden saves me some money on the grocery bill. Not much as I do it more for enjoyment than monetary reasons. My fishing hobby doesn't save me any $ but is rewarding in it's own right.
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Old 01-16-14, 03:01 PM   #22
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I make money on hobbies. Kind of.

Bikes were a hobby, and then I got into the bike business. So it became income-making... compared to just being a hobby. The opportunity cost was the potential to make twice as much as I made as a mechanic, so if you figure that, net zero or even net loss. However, it was a conscious move away from publishing, I've only just started doing it again with much reservation about getting back into it and away from bikes. And I still wrench part time. So again, making money at a "hobby" (more passion, or even vocation).

There's another hobby I had which made money but broke laws.

Many collectors, once they hit a certain level, become de-facto dealers and some filter to the top into money-making ventures, but they are rare and usually have decades into a hobby before it happens.
Cockfighting is cruel.
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Old 01-16-14, 03:34 PM   #23
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drugs, drugs cost money
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Old 01-16-14, 03:34 PM   #24
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Cockfighting is cruel.
Only because my cock is so large.

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Old 01-16-14, 04:25 PM   #25
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I thought my hobby would make me money but I've spent way more on materials then I've made. Ugh
story of my life (and hobbies)... I always have grand ideas... that don't pan out so well. My problem is once I am hooked on something I get obessive and pay everything there is even if I'll never use it. My home office is stacked floor to ceiling with the paper I used for my cards. But I have enough paper to last a lifetime and still it is not enough and I keep buying... oh well.
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