Budgeting For Your Hobby

[rocky]

Great thread. I'm just retiring, finishing up my financials and also had to calculate my fun time expenses. As I was talking with my financial adviser he was a bit surprised at my discretionary spending amount and asked me. My comment was, I've enjoyed a custom of having flexible cash around for my fun, and want the same when I retire. Didn't go any further but it was obvious that close to $500 per week sparked his interest...

[jtwalker]

I budget everything, but this hobby really just comes out of my blow money.

 

I do, however, limit myself to one a month. Therefore, I'm very picky about who I meet. I do this more for my sanity than my finances. I fear this hobby could be addictive if I didn't set boundaries.

Edited February 23, 2021 by jtwalker

[jtwalker]

I budget everything, but this hobby really just comes out of my blow money.

 

I do, however, limit myself to one a month. Therefore, I'm very picky about who I meet. I do this more for my sanity than my finances. I fear this hobby could be addictive if I didn't set boundaries.

Edited February 23, 2021 by jtwalker

[jawjateck]

For many years, at the end of my professional career and the beginning of my early retirement, I had an annual hobby budget. I tallied all hobby expenses, provider fees, meals, hotels, travel arrangements, entertainment, tickets, etc to ensure that I stayed under budget. One year, I reached my budget cap and stopped hiring, but most years, I was well under-budget. I hire so infrequently now, that I no longer keep track.

[jawjateck]

For many years, at the end of my professional career and the beginning of my early retirement, I had an annual hobby budget. I tallied all hobby expenses, provider fees, meals, hotels, travel arrangements, entertainment, tickets, etc to ensure that I stayed under budget. One year, I reached my budget cap and stopped hiring, but most years, I was well under-budget. I hire so infrequently now, that I no longer keep track.

[liubit]

I fear this hobby could be addictive if I didn't set boundaries.

Addictive is an understatement, yes. ??

[+ sync]

I budget everything, but this hobby really just comes out of my blow money.

Very good, "blow money," classic. ?

[The_Impeccable_G]

Too many budgets in my professional life, I don't want one more.

[+ Pensant]

Too many budgets in my professional life, I don't want one more.

Same here. As organized as I am, there’s some part of my brain that’s highly resistant to budgeting.

[Rudynate]

I don't budget - I just make it a point to always have enough cash on hand for a 2-3 hour booking.

[jtwalker]

Very good, "blow money," classic. ?

 

I was hoping someone would catch that. ?