BUDGETING YOUR PASSION: FINDING TIME AND FUNDS FOR YOUR HOBBY
Hobbies are the spice of life that get us through the stress of work and everyday monotony. There’s no short supply of entertainment in the world; whether it’s movies, music, or true-life scandals, something’s out there that’s sure to intrigue and delight all fans of media. Of course, it’s important to know the right context to indulge in our passions, especially when it comes to finances. A survey conducted by Ask Your Target Market found that 56% of their respondents had multiple hobbies. Knowing how to organize both funds and time is useful to make sure your interests aren’t neglected. Here are a few tips for funding your hobby so you can still nurture your passions without breaking the bank.
Setting Cash Aside
While this may seem like common sense to most people, it’s easy to see money vanish from your checking account in a flash when restrictions aren’t placed on funds. Knowing where you stand financially should be a priority. After taking a hard look at your own personal budget, making sure all necessary cash flow is going to things that matter to keep a food over your head and food on the table, then whatever surplus cash is left over should go towards any passion project.
Budgeting Your Time
This may not be the kind of budgeting that comes to mind, but dedicating a decent, and appropriate, amount of time to a hobby is important for keeping your passion a part of your routine life, while also preventing any one hobby from feeling old. It’s rare that anyone has just one interest they like to dedicate time to. By setting aside a few hours of your day off to one hobby in particular, and swapping in a different activity the next week, you’ll see more progress will be made on working through your projects while keeping preventing one activity from ever getting stale or boring.
Make Money From Your Passion
It’s not impossible to find a way to have your hobby pay for itself, especially if they’re based in pop culture. Any film or comic buffs out there, who might be trying to pare down their collection, could benefit from setting up a vendor’s table at the next convention that comes by their town. If you’re a hobbyist in some type of craft, like photography or audio editing, then either selling your service or providing lessons to beginners is also a great way of making a big of side cash along with participating with people who share your interests.
There’s no reason not to let yourself have fun with hobbies. Finding a stable way to afford what you love should take no time.