One of my favorite hobbies is to read books and blogs about being frugal. I enjoy reading how other people learn to spend less and save more money. I'm hopeful that I will read something or learn something new that I've not heard about before.
Amy Dacyczyn, author of The Tightwad Gazette, made a hobby out of being frugal. She also wrote about money saving hobbies in her book.
One of the things she wrote about hobbies was that if people choose hobbies that saved money verses hobbies that cost money, then they would be ahead financially in the long run.
She also made the comment that having a money saving hobby will help a person to permanently reduce his cost of living. Instead of needing $30,000 to make a living, his money saving hobbies, like hair cutting and gardening, might allow him to get by on only $25,000 a year.
She also mentioned that money saving hobbies might give a person more job options. And how many people do you know that have turned a hobby into a small business? My own father, after a car accident took his livelihood, took his hobby of knife collecting and turned it into a thriving knife business that he still makes a living from.
The point of this is to say that it would be to our advantage to have hobbies that are productive. Learning to do something that will either save you money or allow you to earn extra money are good goals to reach for.
You could learn to bake bread for your family, or to sell for extra money. When I worked at the hospital there was a lady who made cinnamon rolls and sold them for extra money. I also knew of a lady who made sausage rolls and sold them for extra money. The possibilities are endless.
Money saving hobbies include such things as as gardening, sewing, bee keeping, woodworking, soap making, learning how to cook or how to produce food, learning to hunt, or even learning to build or repair items.
The ability to build or repair an item will go a long way towards improving your standard of living. You could even teach these skills to other people as a hobby. It could also provide you with skills for barter.
You could also let frugality be your hobby as you continually learn new ways to save more money, so you will learn to live on less money.
Hobbies that allow us to earn extra money for our families or help us to lower our cost of living are some of the best hobbies for those with a frugal mindset.