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Hobby budget


Forum: Financial Planning and Budgeting

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  #1  
June 22nd, 2011, 07:49 PM
JessP's Avatar Lovin life and family
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Do you budget for your hobbies or are they part of your entertainment budget?
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  #2  
June 23rd, 2011, 12:20 PM
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It's part of entertainment for us.
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  #3  
June 23rd, 2011, 12:48 PM
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It's totally separate for us. Hubby's hobbies are fairly expensive and I break it down into a few categories so I can keep a close eye on it.

He has hangar rent for the plane, flying costs (fuel, insurance), airplane costs (maintenance), and then his other hobbies (guns, the motorcycle, etc).

While it rivals a small fortune, he teaches a few classes at 2 local colleges to support his addiction. In 2010, the spending was 10.62% of our total spending. While there are times I wish it wasn't so much I accept that the flying is part of him, he's done that before we met, we're still improving our financial situation all the time and I get to stay home with the kids which is what I've always wanted, so I'm winning too.

This is the 1st year I am keeping a category for myself Normally in a year I'd spend probably <$100 on myself, but I've treated myself to a couple of massages. Hubby is always encouraging me to do more for myself.
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  #4  
June 23rd, 2011, 01:37 PM
JessP's Avatar Lovin life and family
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I have done an allotment for DH for his new hobby/interest of $100 a month but didn't budget for me. Then recently found a new passion (I didn't budget for me because I didn't have anything I did anymore). So now we are trying to decide how to best work it into the budget without messing up our goals. Thanks for sharing ladies.
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  #5  
June 24th, 2011, 04:16 AM
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Whenever we add expenses just for Tim in our budget, I get an equal portion just for me. But, neither one of us has an expensive hobby like flying! Ours are cheaper by far.
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  #6  
June 24th, 2011, 05:39 AM
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I'd never be able to spend an equal amount. Well, I'm sure I could.....I could go for lots of massages!
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  #7  
June 24th, 2011, 07:14 AM
mommy2Breana+Brandon's Avatar Platinum Supermommy
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We budget for them. If it is something that we want and it isn't too expensive then we will buy it now.
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  #8  
July 1st, 2011, 07:44 PM
Happy Song's Avatar Nicole
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My hobby is Scrapbooking. When we had money ie DH had a job we budgeted it in. DH is starting wood working but seriously that is more of a start up business than a hooby.
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  #9  
July 7th, 2011, 06:52 AM
wefrogy's Avatar Platinum Supermommy
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currently my hobbies have been put on the back burner. I like various crafting, but just haven't been into it in a while so not buying anything. When I did it came out of my pocket cash. Same with DH, he will save his pocket cash. He also saves his change throughout the year and it adds up quite nicely over time so he spends that too
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