Spend less on your new hobby

When starting a new hobby it’s natural to want to buy the latest and greatest to get you going. This comes with all sorts of justifications. Let’s just stop for a minute. Let’s use all of these things as motivation to keep going with your hobby. If you don’t spend the time on your hobby then don’t spend your money on it. Build that hobby to a habit and save money to get the things you really want when it can be bought.

Improvise and get creative. Think of ways you can start off you hobby as cost effective as possible.

For example if you want to get into yoga, start doing YouTube videos. You don’t even need a yoga mat for this, but if you decided you do, you can buy a cheap 7 dollar yoga mat. Once you commit and realize that you are really loving this hobby then you can buy that beautiful yoga mat and can go to those super expensive hot yoga classes because you already know that you will use what you have.

Set goals and when you achieve these goals you can reward yourself with the more expensive fancy thing that you want. 

We are focusing on the psychological side of things. Our brains thrive on seeing results. This is why things like the debt snowball works so well. Seeing progress and seeing results before you spend a lot of money can help you continue with your hobby. Never neglect the power of psychology. It helps to get you going on your hobby and can keep you motivated more to actually doing the new hobby you’ve set out to do.

Be frugal in the beginning, then once you accomplish your goals and have proved to yourself that you are committed to this hobby save up and buy those cute work out clothes or whatever else you’ve had your eye on. Trust me, you will value anything a lot more if you work in this manner.

You can use this principal in any area of your life.

Say you want a really expensive dress coat. Buy a 20 dollar one at Walmart first to see if is something you will wear that often. Keep it cheap till you know it’s something you’re going to use.