Learning a new skill, starting a new hobby and finding a new past time can be very exciting, as new beginning usually are.  If you’re like me you like to give your all to everything you do.  However one of the biggest mistakes I always make is wanting everything to be perfect from day one.

In reality starting a new hobby takes time.  There is no point in spending a ton of money on classes, equipment and other materials before you know that you really love what you’re doing.

Here are four things to consider when starting a new hobby:

Research the costs involved

Some hobbies are cheaper than others.  If you’re taking up a new sport there can be costs involved with equipment and gear.  Sports like soccer, football, hockey and skiing or snowboarding can all be fun, but expensive hobbies.

Consider renting your equipment or buying items second hand before investing a lot of money up front.  It will help you save on the start-up costs until you’re sure you have both the time and money to invest.

Talk to others who have experience

One of the great things about the internet is that you can find people from all walks of life without having to pay for long distance phone calls.  You can find a tribe of people who share your new passion and they don’t even have to be in your zip code.

Talk with people who also participate in your hobby and ask about the costs involved as well as where to go.  That’s how I found my yoga studio.  I Googled yoga studio in my area and read what other people had to say about the class schedule, teachers and facilities.

Take a trial first

If your hobby has a sign up cost and ongoing commitment such as music lessons, yoga classes or a sports league take an initial introduction class or lesson before signing up for ongoing sessions.  This will help you get a feel for the hobby and help decide if it’s a good fit for you.

Before becoming an ongoing member to my yoga studio (which is $88 a month) I signed up for an introductory month of unlimited yoga for only $49.  I tried a variety of classes with different teachers to make sure that this particular yoga studio was where I wanted to be before making an ongoing financial commitment.

Ask a friend to join

Like most things in life, past times are better spent with friends and family.  Consider recruiting your spouse, best friend or a family member to join.  I once went to a ceramic class with one of my friends who was considering taking up the hobby.  I made a small plate that looked like it was pained by a child, but it was a fun two hours and my friend continued on to make some beautiful things for her home.

What’s your favorite hobby?

 

 

brokeGIRLrich

Avatar photo

Tahnya is a Certified Financial Planner and former Investment Advisor turned marketing and communications professional She holds a degree from Concordia University, is debt free and currently works in the field of digital marketing.


This entry was posted in Budgets, Frugal by Kristina Tahnyak. Bookmark the permalink.

Avatar photo About Kristina Tahnyak

Tahnya is a Certified Financial Planner and former Investment Advisor turned marketing and communications professional She holds a degree from Concordia University, is debt free and currently works in the field of digital marketing.

MANAGE YOUR MONEY TOGETHER

Here are some simple guidelines for DINKS to build wealth:

1) Collaborate: Meet regularly to talk about money, set goals together, track and monitor them.

2) Understand and respect your partner. Take time to understand your partners values about money.

3) Watch the numbers. Get a budget, monitor your spending and track your net worth.

4) Max your retirement. Maximize contributions to your tax deferred retirement accounts.

5) Invest in stock. Stocks perform better than bonds or cash.

6) Avoid high interest debt. Credit cards and title loans are financial cancer.

7) Diversify. Don't put all your eggs in one basket.

Couples Finance

Blogs You Should Read

Companies Supporting The DINKS

Please consider visiting our gracious supporters:

Get an education with the Online Certificate Programs at Washington Tech

7binaryoptions.com: Your one stop information source for trading binary options.

Get the Latest Coupon and Discount Codes at Freecouponcodes.net.

The best cheap web traffic that comes in handy for your website traffic needs.

Shop till you drop and discounted offers with Shopee promo codes.