When most of us think of hobbies, we automatically assume we will be spending a lot of money.
Many people consider shopping a hobby and aspire to have many hobbies that drain their bank accounts.
Most of my hobbies are frugal ones where I don’t spend money money. Some hobbies of mine even make money!
Today I’m considering some frugal hobbies (including hobbies that can make you money) versus expensive hobbies that should be reserved for those in the best financial shape.
All of my currently hobbies are free or really frugal.
- Reading. I enjoy reading and read often. I read almost anything I can find and never spend money on books. Sometimes people will buy me books or let me borrow books. Otherwise I download free kindle books or visit the library to feed my voracious appetite for books. Luckily this is a free jobby!
- Blogging. I blog as a hobby, but even my small blog earns an income. I’m working on growing my blogging income to a reliable income earner with affiliate marketing. Regardless, blogging is a very inexpensive hobby and the fact that I enjoy it and earn money from it makes it a very frugal and smart hobby.
- Walking & Running. Luckily exercise can be a very cheap hobby and it’s also extremely good for you! You can end up spending a lot of money on running if you constantly buy new shoes and clothes or do expensive races each weekend. But at it’s core it is a very frugal hobby.
- Yoga. It took me a while to love yoga, but once I started attending a class regularly I fell in love with the practice. You can skip $20 drop in classes at yoga studios in favor of free Youtube workouts to make this a super frugal and cheap hobby.
Surprisingly the people around me have some very expensive hobbies.
- Shopping. Some people are addicted to shopping and consider it a hobby like my brother does. This can be very expensive, especially if you have expensive tastes in clothes and other items. I’ve seen how the money can add up when someone uses shopping as a hobby . It can be very pricey to use shopping as a hobby!
- Gambling. The other day I spent time with someone who told me he has just come back from gambling at a nearby casino in the afternoon. It surprised me that anyone would admit to going to a casino on a weekday afternoon, but he explained that it was one of his hobbies. I’ve had neighbors in the past who also went down to the casinos to gamble or gambled online. While everyone I’ve known assured me they didn’t spend as much as they earned gambling I know this can be an expensive hobby and many people develop addictions that lead them into debt – it’s a slippery slope.
- Travel. I previously considered travel a hobby and spent a lot of money on it. Other friends still travel regularly and think nothing of dropping $500 on a weekend trip for fun. It’s an expensive hobby but it’s also rewarding since you are making memories and enjoying new experiences. I have left travel behind as one of my main hobbies because it is rather expensive but I definitely don’t judge anyone for indulging in this one.
Frugal Hobby Ideas
I’m always interested in developing new hobbies and exploring new activities in my spare time. That’s what makes life fun, right?
Frugal Hobby Ideas
- Playing board games
- Playing free games online
- Listening to podcasts
- Listening to audiobooks
- Listening to music on Spotify
- Playing an instrument
- Reading books
- At home workouts
- Bodyweight workouts
- Decluttering your house
- Making beer at home
- Cooking at home
- Canning food
- Thrift shopping
- Filling out online surveys
- Watching cat videos
- Finding and cutting coupons
- Rock collecting
- Seashell collecting
- Reading the news
If you’re smart, you can also combine your frugal hobby with making money. Here are some ideas for frugal hobbies that make you money.
- Dog walking
- Making YouTube videos
- Garage sales & reselling
Expensive Hobby Ideas
If you’ve got more disposable income and would rather partake in a hobby that costs you money, there are a ton of great options! Below are some of the more costly hobbies.
Expensive Hobby Ideas
- Boat racing
- Car racing
- Art collecting
- Attending concerts
- Trying out new fancy restaurants
There are so many kinds of hobbies out there ranging in how much they will cost you to participate.
How to Pick A Hobby
When deciding what hobby to take up I’d ask myself a few different questions:
- Do your hobbies make you money or cost you money?
- How much time is needed for this hobby?
- What’s my budget for this hobby?
- Are there a lot of startup costs required for this hobby?
- How long does it take to get good at this hobby?
- Can I afford the amount it takes to participate long term?
- If I don’t like the hobby, can I quit it easily?
It’s always a good idea to investigate a hobby fully and decide if it’s a frugal or expensive hobby before you start!