Either as a creative outlet or stress reliever, hobbies are usually what most people enjoy doing in their free time. While some hobbies are expensive, requiring equipment, tools, and skill, other hobbies can save you money and even earn you extra cash. If you are looking for a new, cheap hobby or just want to learn how to save money, check out the following roundup.
Purchasing brand new clothes and gifts can be expensive, but if you like to sew, you can repair and recreate clothing pieces from thrift stores to make them look modern and stylish. You can also sew homemade gifts for the holidays or special occasions. Cost to get started: Under $200 for some beginner machines.
Crafting hobbies such as jewelry making, crocheting, knitting, pottery, wood engraving, candle making, and others not only save you money on home décor and gift-giving but can also earn you money when you sell your handmade items online or at craft shows and farmer’s markets. Cost to get started: Under $100 based on ideas at Felt Magnet.
For most people, dining out is more expensive than cooking at home. You can watch online videos to learn how to create even luxurious meals at a fraction of restaurant prices. Additionally, cooking at home gives you control over what ingredients go into your food, so you and your family can eat healthier meals. Cost to get started: Under $100. Liana at Liana’s Kitchen recommends a soup maker as a good starter appliance for making quick and easy meals at home.
Eating fresh vegetables and fruits is healthy for you, but buying them in the store is hard on a budget. You don’t need a large parcel of ground to garden. You can grow fruits and vegetables in small plots, containers, or even raised beds made from wooden crates, boards, or hay bales. Cost to get started: Varies, but it can be done on a budget.
If you possess a knack for do-it-yourself projects, you can you can save a heap of money on repair jobs and remodeling in your own home without draining your bank account by paying someone else to do it. If you enjoy woodworking, you can repair and create your own furniture. Additionally, you can spend a few bucks on used furniture pieces from yard sales and renovate them into beautiful items for your own home or sell them for profit. Cost: varies depending on what you need and if you already have the tools.
Home Beer Brewing (or Wine!)
We all know that beer and other alcohol is one of the more expensive habits that you can have. But, we’re not saying that you should give it up just to save a few bucks. Instead, take on the hobby of home beer brewing. That way, you can brew up your own drinks to save money and have a fun hobby. And if beer isn’t your thing, you can also make your own wine at home! Cost to get started: Under $200. Mint even notes that it saves you around $62 per year on average.
If you love to read, you can learn to do just about anything. You can read books and tutorials about everything discussed in this post from cooking inexpensive meals to DIY projects. With used bookstores, libraries, and local and online book swaps, you can enjoy your reading hobby at little cost. Cost: Free is you use your local library!
Hunting and Fishing
In the past, hunting and fishing were survival skills for our ancestors but today serve as fun hobbies for many people. Fishing and hunting wild game not only allow you to enjoy the outdoors, but they also provide you with food for your family and others. Fishing and hunting do require equipment, supplies, hunting classes, and licenses but can save you money in the long run due to the high prices of grocery-store meat. Cost to get started: Under $500 most of the time, with your weapon/gear representing the highest cost. However, you can get a hunting crossbow for around $200 and ditto for a baitcasting reel.
Working on Cars
Having your car repaired at an auto shop can really hurt your pocketbook, but if your hobby is tinkering with automobiles, you can save yourself and others big bucks. Many auto shops charge huge amounts of money for both labor and parts, and some unscrupulous shops may charge for needless repairs. However, if you can fix cars yourself, you can save tons of money for yourself and your friends. Cost to get started: Andy at Driving Geeks suggests getting started can cost as little as a few hundred bucks, depending on the repairs needed.
Being computer savvy can save you money. If you possess the gift of computer hardware knowledge, you can make your own repairs and upgrades without having to pay big bucks to someone else to do for you. Also, familiarity with computers and technology provides you with understanding and awareness of viruses and scams, protecting you online. Cost savings: hundreds of dollars at a time.
Biking and/or walking can save you money in multiple ways. This hobby saves you the gas money it would cost to drive your car in addition to wear and tear on your vehicle. Also, a regular walking and/or biking hobby could potentially save you on medical costs because it helps keep you healthy. Cost to get started: Shawn at Bikeably recommends an entry-level road bike for commuting and hobby riding, which runs between $500 and $800 for a quality bike.
By taking up any of the hobbies listed above, you are doing yourself a favor by learning a skill that can actually save you money on down the road. These are the best types of hobbies for finance-minded people like me and you.