Budgeting for entertainment is tough when you have a lot of hobbies. If you’re struggling to work out what to spend your money on, think of how much time you spent with a hobby the last month.
It seems like common sense, but it’s easy to get lost in your enjoyment of various hobbies and just throw money at all of them without really thinking about what matters. The Simple Dollar suggests you approach the question from two angles:
For me, my spending almost exactly matches how much time I spend engaging in and thinking about a particular hobby, at least to a certain extent.
I tend to think of this more in terms of the time I don’t spend rather than the time I do spend.
The other part is figuring out where you’re wasting a little money:
The one thing I ignore is the sense that I “should” pay more attention to a hobby. In the past, when I would feel like I hadn’t spent much time on a particular hobby lately, I’d “cure” it by spending more money on that hobby.
Like everything else, your hobbies are likely to change over time, and even between seasons. Sometimes we form spending habits and just stick with them because we think we enjoy something. But, as the Simple Dollar points out, it’s a good idea to check those expenses to make sure you’re still getting the most out of them.
Keeping Hobby and Entertainment Spending in Check [The Simple Dollar]
Photo by Q8y_dream.
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