I divided my costs by hobby into six categories: climbing, cycling, hiking, skiing, sailing (J is a sailor and he's been trying to get me into it), and miscellaneous. Climbing includes my monthly gym membership, climbing shoes, belay devices, harness, and other assorted equipment. Cycling includes the cost of my bike, bike parts/accessories, and cycling clothes. Hiking covers my backpacking backpack, daypack, and hiking boots. Skiing (a notoriously expensive hobby) includes my ski jacket, pants, boots, helmet, goggles, and base layers. So far sailing only consists of UPF clothing. Miscellaneous is the catch-all for everything else that doesn’t fall specifically into one of the other categories. For example, this includes activewear such as my Patagonia packable down coat, my beloved Patagonia fleece, and my Mammut rain jacket (50% off right now), which I wear for a wide variety of activities.
When I separate out the costs by hobby, it’s no surprise that cycling comes in at number one since the bike was so expensive. However, I was surprised that climbing was my second most expensive hobby, because the upfront costs aren’t particularly high (although it does start adding up when you climb outdoors since it requires additional safety gear that the gym usually provides). It makes sense though when I look at the break-down of upfront versus recurring costs. Over time, my gym membership dominates the overall cost and is actually more than the cost of the equipment and hardware that I own, and that percentage will only increase with time.
I also wanted to look at which stores were getting my money. The main retailers were REI, Backcountry, Evo, and Amazon. The ‘other’ category encompassed one-off purchases from specialty stores, including the dealer I bought my bike from. Apparently I spend most of my dollars at REI. No surprise since they have an amazing return policy, where you can return anything (even if you’ve used it) for up to a year with no questions asked. Backcountry gets the next biggest slice, because they frequently have the best prices on gear. Next is Evo, which is a great place to buy discount ski gear. Finally, Amazon is my go-to place for everything else.
Hopefully I am mostly set now in terms of major equipment (unless I decide to buy my own skis later this year), and I won’t be spending too much more on new stuff going forward. I know this may seem like an enormous amount of money to spend on hobbies, but I consider it an investment in my mental and physical health. As I mentioned in this post about my financial situation, I don’t carry any debt, I have zero dependents, and I have savings. Also my expenses at the moment are relatively low (which I may talk about in a future post). I feel like at this point in my life, I can afford to spend some money on activities that are good for me which also bring me joy.
What’s your most expensive hobby? How much do you think you spend on it per year?
That was an interesting breakdown! It’s cool that you have so many active hobbies. I would say snow boarding is my most expensive sport in terms of cost per use, since I bought all the clothes/boots and rarely get off my butt to plan a trip. Biking is definitely the cheapest since I go all the time (maybe $700 total). That $1000 for a carbon bike sounds amazing though! My sister does sailing and it seems moderately expensive (all the cool kids want these Helly Hansen jackets or something), with certifications and so on. But all in all, I agree with you - being active is generally worth the cost.
ReplyDeleteThanks! I'm glad someone else found this interesting too, haha. Yeah, unless you live near a resort, it's really hard to go skiing/snowboarding regularly, plus lift tickets are so expensive!
DeleteSailing is a pretty expensive sport in my opinion. There's a reason a lot of sailors are high net-worth individuals... I don't know about Helly Hansen, but it seems like all the sailors I know are really into this brand called Zhik. Definitely worth the investment in my health!