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7 Hobbies That Will Save Money in the Long Run

Wealth | Updated: January 11, 2024
Bennett Kleinman
Author
Bennett Kleinman is a New York City-based staff writer for Inbox Studio. He is also a freelance comedy writer, devoted New York Yankees and New Jersey Devils fan, and thinks plain seltzer is the best drink ever invented.
Better Report

People invest countless hours in their passion projects, and for a good reason — there are few things more satisfying than thriving at an activity you love. However, some hobbies require a significant financial commitment, such as scuba diving and skiing, which can be difficult to justify during a tough economy. Luckily, plenty of low-cost activities may also put money back in your pocket. 

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Credit: CA Creative/ Unsplash

Cooking

Cooking is a great way to eat healthier and a major money saver. Cooking meals at home can save you around 50% of the cost of takeout, and it can be just as flexible as eating out. By investing in just one cookbook, you can learn countless recipes. At the same time, the internet serves as a virtually infinite source of free cooking videos, simple culinary staples, and complex creations for experienced home chefs. 

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An image of a person tying a sneaker
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Running

Gym memberships can be expensive, so stay fit and healthy by going on daily runs instead. Whether you run on a hiking trail, sidewalk, or paved street, you can benefit from running — or even walking — as a hobby. Use free or low-cost programs like Couch to 5k or Nike Run Club to guide your training and progress. 

An image of a woman running fabric through a sewing machine
Credit: tatatoto26/ Unsplash

Sewing

People who sew can restore old clothing, helping to avoid wasting money on new outfits. While sewing can be expensive if you invest in pricier fabrics and threads, there are plenty of low-cost materials and sales. If sewing isn’t your thing, try knitting or crocheting as a calming hobby that still produces wearable clothes and accessories.

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Gardening

Developing a green thumb will not only save you a ton of landscaping costs but also save you money on your grocery bill. Cultivating a vegetable or herb garden provides a continual source of produce without visiting the supermarket. You don’t need much space to get started — you can grow herbs on any windowsill that gets natural sunlight.

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Writing

Whether you’re a health and fitness expert, amateur sports reporter, or just feel like putting your thoughts down on paper (or online), writing is a free and rewarding hobby that can generate more income. Websites like Substack make it easy for people to publish regular articles that readers can subscribe to for a monthly fee. You might also choose to self-publish your work or find an agent to pitch your work to a publishing company.

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An image of a person walking a golden retriever
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Dog Walking

Are you an animal lover? Consider picking up dog walking. You will see physical health benefits from walking every day, mental health benefits from being around energetic, friendly dogs, and financial benefits from offering your services to pet owners in the neighborhood. 

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An image of a round loaf of bread
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Baking

Inflated bakery prices make it difficult to justify buying artisan breads and pastries. Thankfully, baking is an easy and satisfying hobby to pick up. You might even be able to start a side hustle selling your goods at a local farmer’s market.

Featured Image Credit: Andriyko Podilnyk/ Unsplash

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Bennett Kleinman
Staff Writer

Bennett Kleinman is a New York City-based staff writer for Inbox Studio. He is also a freelance comedy writer, devoted New York Yankees and New Jersey Devils fan, and thinks plain seltzer is the best drink ever invented.

This article is for general informational purposes only.
Affiliate Disclaimer Medical Disclaimer Financial Disclaimer

Updated: July 20, 2023
Posted In: Wealth
Hero Image Credit: Better Report
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