introduction by Alice Shaffer
The Financial Nanny
The following is some info that truly hit home for myself:
That’s what makes budgeting for hobbies so tricky. The value is there, but it doesn’t register on our spreadsheets. The intrinsic value they present is far less tangible, and sometimes at odds, with our long-term goals of reducing debt or saving money for a major purchase, such as buying a home. In short: Hobbies may not make us rich, but they can enrich our lives.
This is so very true. Our personal hobbies don’t have a line on our budgets, but they really should. I know I am enjoy rubber stamping and card making. I have no “budget” for the items I purchase–I just purchase things. The totally ineffective cost way to provide for a budget friendly hobby. The thing about stamping is that it allows me to be creative and social at the same time. I often go to “stamping crops” with others while we all design our own cards or scrapbook pages etc. Value as I have said before isn’t always measured in dollar and cents.