If you had to calculate the amount of money you spend annually on "the hobby", what do you think you spend overall?
Originally Posted by Guilty Pleasures
Over the last nine years, it's ranged from $21K to $10K a year, averaging a bit over $15K.
Are you the hobbyist even aware that you are spending so much money? Do you put savings aside for the purposes of hobbying?
Originally Posted by Guilty Pleasures
Yes, I keep track of it. But I'm sitting on a nice nest egg for retirement and still sock away the maximum I can in my 401(k) each paycheck. Day-to-day living expenses and a comfortable retirement come before this. P4P is a luxury, not a necessity, and it's not the only luxury -- there are plenty of others competing for my cash. But compared to what I could spend on golf (or what my wife spends on clothes), P4P is not really as much as it seems. I'm quite confident that there are a
lot of guys who spend much more than I do.
I squirrel away money when I can do so discreetly and build up a "stash." I don't blow it all at once, but when it's down to $0, I wait until it builds back up again.