how much on your hobbies?

globetrotter · Jun 27, 2010

ok, how much do you spend on your hobbies, not counting clothing. golf, driving, what ever. percentage of take home, or in absolute figures.

I figure now I spend about 1% of my take home. I am wondering what is reasonable, if 2.5% is stretching it.

MetroStyles · Jun 27, 2010

JayJay · Jun 27, 2010

Originally Posted by globetrotter

ok, how much do you spend on your hobbies, not counting clothing. golf, driving, what ever. percentage of take home, or in absolute figures.

I figure now I spend about 1% of my take home. I am wondering what is reasonable, if 2.5% is stretching it.
What's your hobby?

Big Pun · Jun 27, 2010

What do you consider a hobby?

globetrotter · Jun 27, 2010

well, I box, and take judo, and go to the gym. I am thinking of starting to ride horses. private boxing lessons, the gym and dojo memberships cost me about 1-1.25 % of my takehome. if I were to ride once a week, it would just about double it.

I don't play golf, or fish, or sail, and those are all hobbies that people I would consider my peers have. so, the question is, how much would you spend on something like golf for instance?

JayJay · Jun 27, 2010

Originally Posted by globetrotter

well, I box, and take judo, and go to the gym. I am thinking of starting to ride horses. private boxing lessons, the gym and dojo memberships cost me about 1-1.25 % of my takehome. if I were to ride once a week, it would just about double it.

I don't play golf, or fish, or sail, and those are all hobbies that people I would consider my peers have. so, the question is, how much would you spend on something like golf for instance?
My hobbies don't cost much, I'm not a golfer. Hiking and cycling are pretty much free after the upfront cost, so for me the percentage is very small.

phildo · Jun 27, 2010

Originally Posted by globetrotter

. so, the question is, how much would you spend on something like golf for instance?

Up front cost: $500-$2000+ for a set of clubs
Cost per 18 holes if you aren't a club member: $40-150+

Yearly membership cost to a club would vary greatly and I'm guessing the cheapest you'll find is ~$2000

globetrotter · Jun 27, 2010

Originally Posted by phildo

Up front cost: $500-$2000+ for a set of clubs
Cost per 18 holes if you aren't a club member: $40-150+

Yearly membership cost to a club would vary greatly and I'm guessing the cheapest you'll find is ~$2000

so golf is only maybe 2000 bucks a year or less (assuming 36 holes a month 6 months out of the year)? I thought is was a lot more than that.

Mr Herbert · Jun 27, 2010

1% on weightlifting club dues
1% of tiger balm, massages, bags of ice etc

are you planning on using this to justify a more expensive hobby?

globetrotter · Jun 27, 2010

Originally Posted by Mr Herbert

1% on weightlifting club dues
1% of tiger balm, massages etc

are you planning on using this to justify a more expensive hobby?

of course. but justifying to myself. I can afford to spend a little more, I am not sure that I should.

phildo · Jun 27, 2010

It really depends on if you have a membership to a club and how expensive that club is. They can run up to like 50k per year++.

If you're only playing twice a month, which is pretty infrequent, then yeah it won't be too expensive.

globetrotter · Jun 27, 2010

Originally Posted by phildo

It really depends on if you have a membership to a club and how expensive that club is. They can run up to like 50k per year++.

If you're only playing twice a month, which is pretty infrequent, then yeah it won't be too expensive.

how about a serious golfer?

GQgeek · Jun 27, 2010

Maybe 4-5k/year? So 4-5%. I don't know if it'll stay up that high, but probably, as long as I don't have kids... I never have trouble finding things to spend money on. I'm still able to bank ~33% of my gross though, which I think is good enough. I save money by not having a car and paying less rent than I can afford, so i can spend more on other things.

phildo · Jun 27, 2010

Originally Posted by globetrotter

how about a serious golfer?
A serious golfer would likely join a club that charges an initial fee then a yearly fee Found this here: http://findarticles.com/p/articles/m.../ai_109467586/ The initiation fee to join a private club can vary between nothing and $350,000, according to figures supplied by ClubCorp, which owns and operates a number of private golf courses nationwide. Annual fees typically range from $3,000 to $15,000, and those cover everything from carts to the club's employee salaries to the course's maintenance budget. Then there's the monthly food-and-beverage minimum at most clubs, which usually adds another $600 to $2,500 annually. So I'd estimate 5k/year minimum for a serious golfer.

GQgeek · Jun 27, 2010

^^ That's gonna be typical for a lot of private clubs in general. A ski club we considered joining when I was a kid (15 yrs ago) was 40k + 5k/yr. So... Not cheap, and make sure you're not planning on moving.

how much on your hobbies?

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