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Slashing your Leisure Spending

It is important that we have hobbies to keep us entertained and happy.  Hobbies and leisure can be a way that we get rid of stress and really enjoy ourselves.  Although, how much are you spending on your hobbies and leisure each week and month?  It is important to have fun, but having fun doesn’t mean you have to spend money to do so!  Leisure can be cost free or very cheap if you are smart about it.  Today, people are spending more than they can afford on having fun.  Continue to read below to find out how you can start slashing your leisure spending.

First figure out what your hobbies are right now.  What do you do each month that you think is fun? 

Eliminate -  Are you currently spending money on things like a gym membership, lessons for a sport or classes for yoga?  These things can be VERY costly each month.  Also, the majority of us run little on time and are always busy with work, school or doing something important.  When we have such a busy life we often don’t attend things like the gym like we should.  We’re paying money for not even going.  If you have any monthly bills that you’re not getting your use out of, eliminate them!

Combine costs - It is always fun to hang out with our closest friends, family or our significant other.  Find something that everyone likes to do and combine the costs.  Lets say you all want to go to the park today and have a picnic.  Each of you could bring a dish to share instead of going out to lunch and spending more than you should.  Doing little things like this together can really start to save everyone money.

Find an alternative - Doing things like going to the movies, and going out to dinner can be very costly.  Instead of spending all this money, find an alternative.  You could made a fun dinner at home and watch a movie with your friends, family, or your significant other for half the price.

Limit yourself - When you get paid say right away, “I’m only going to spend this much money this week/month on leisure.”  This will make you spend your money wisely and will allow you to get a lot more use out of it.

Cost free/low cost activities - Find some cost free or low cost activities that you enjoy doing.  There are several out there, you just need to be creative.  To get you some ideas, read below.

  • Going to the park.
  • Going for a walk with a friend.
  • Watching your favorite TV shows.
  • Playing on the computer, researching.
  • Starting up a sports team with some friends.  This could be anything from volleyball, basketball at the park or even having friends over to swim.
  • Riding your bike.
  • Scrapbooking.
  • Fishing
  • Hunting.
  • Checking out all the new cars at the dealership.
  • Renting movies.

There are several different ways you can start saving money on leisure.  Just be smart with every dollar you spend and you will easily start to see more money staying in your wallet.  For some guidance, consider these tips listed above.

Disclaimer:This content is not provided or commissioned by American Express. Opinions expressed here are author's alone, not those of American Express, and have not been reviewed, approved or otherwise endorsed by American Express. This site may be compensated through American Express Affiliate Program.

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