How to Save Money on Your Favorite Hobbies

Saturday, January 16, 2021, 6:00 AM | Leave Comment

Depending on the activities you enjoy, your hobbies can run the gamut from nearly free to quite expensive.

With enough time and effort, you can also turn a hobby into a money-making endeavor.

However, remember that the goal of a hobby isn’t to build a business. It’s to expand your skillset in whatever direction that holds your interest with no judgment while building community, either online or in person.

How to Save Money on Your Favorite Hobbies

  • Stay Organized

    Create a space for your work on your hobbies and make sure you keep things tidy. Supplies for a hobby like car repair can include expensive tools, and gear for a hobby like rock climbing can be lost if you’re not careful with your storage setup.

  • Join a Club

    Working with other hobbyists can put you in a good position to borrow more expensive tools. You may even get to show your work or collectibles in a show with more dedicated collectors or artisans. Finally, if someone leaves the hobby or runs out of space, you may get discounted supplies or free gear for helping them move.

  • Hit the Shows

    If you’re interested in coin collecting, be sure you attend collecting shows. Talk to the participants in the show about their specialties or the period of history that holds their interest. Be open about any known lapses in your own education or history.

  • Visit the Vintage Shops

    For fans of historical collectibles, be ready to branch out. For example, if you love old dolls or tin toys, be ready to visit vintage clothing store. People who own vintage shops generally pick-up product from those who manage estate sales. If you can build a strong connection with a fan of vintage linens, you have a hunting buddy. They can look for your old toy collectibles while you search out old linens and handkerchiefs on their behalf.

  • Work on Swaps

    You may need to work off tool purchases if you don’t have the cash. Should you be interested in working on a particular brand or vintage of car, you may wind up meeting people who make or modify their own tools. If you love the look of a Model A or Model T, be aware that the tools you will need may not be available at an automotive supply store. You can also look online for Subaru genuine parts that can help save a little money on the side.

Be ready to put in the time with experts on your field of interest; you may walk away with more than tools. You might just have found a teacher and a mentor. Learn what you can and be ready to pay it forward.

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