How much do you spend on your 'hobby'?

[LimaDelta]

As a percentage of take-home salary? If your single car is your hobby, then how much more did you spend than was absolutely necessary to get something you really wanted?

Considering a rather selfish and expensive purchase and desperately struggling to apply man-maths to justify it.

[PositronicRay]

LimaDelta said:

As a percentage of take-home salary? If your single car is your hobby, then how much more did you spend than was absolutely necessary to get something you really wanted?

Considering a rather selfish and expensive purchase and desperately struggling to apply man-maths to justify it.

Survey is pointless, disposable income would be more relevant.

[LimaDelta]

PositronicRay said:

Survey is pointless, disposable income would be more relevant.

No it isn't. That wouldn't account for what proportion people consider 'disposable'. Is it everything after mortgage and bills? Mortgage, bills and food? Mortgage, bills, food, savings, car, holiday fund, iPhone, TV? etc. All money is 'disposable', it just depends on what method one chooses to dispose of it.

[Nerdherder]

A quick stab at where my money goes in descending order of magnitude:

Income tax
House
Investment & saving
Other monthy recurring such as utilities, local taxes, insurances (dunno how to rank if I'd split them)
Consumables (food, clothing)
Kids
GF


Remaining less than 1%: Hobbies such as cars, whisky and concerts.

Edited by Nerdherder on Friday 26th July 08:22

[Nerdherder]

PositronicRay said:

Survey is pointless, disposable income would be more relevant.

Kind of agree.
1% of what? And does the responder calculate from net or gross income?

If you mean 'what's your yearly car budget', as in a poll with budget ranges per annum, that would make more sense to me too.

Edited by Nerdherder on Friday 26th July 08:21

[LimaDelta]

Nerdherder said:

Kind of agree. If you mean 'what's your yearly car budget', as in a poll with budget ranges per annum, it would make more sense to me.

1% of what? And does the responder calculate from net or gross income?

The OP states take-home income.

And it's nothing to do with cars, it's about a hobby. It may well be that for many on here hobby=cars. A hobby might be crown green bowls or hill walking (cheap) to golf or shooting (somewhere in the middle) to something like heli-skiing or sailing (expensive). Hence the survey.

[Jasandjules]

Where is the "more than my wife likes" option?

[Kenty]

I have a reasonably expensive hobby, owning a steam engine which we take to steam rallies.
I have the engines maintenance, testing, consumables, insurance and coal/wood.
I need to run a 7.5 tonne truck - insurance, tax, maintenance, fuel.
I also need a caravan - insurance, maintenance.

I get some assistance with expenses from rallies but not a huge amount.

Net cost per year, not counting any capital outlay is about £3-4K. Luckily my wife
is fully onboard so no conflict there!

[RC1807]

Jasandjules said:

Where is the "more than my wife likes" option?

That's ANY of the numbers quoted then, I expect?

[griffin dai]

Kenty said:

I have a reasonably expensive hobby, owning a steam engine which we take to steam rallies.

Cool! Any pics/vids

[tankplanker]

griffin dai said:

Kenty said:

I have a reasonably expensive hobby, owning a steam engine which we take to steam rallies.

Cool! Any pics/vids

I second that, very jealous, I have neither the money or space to do something like that.

Mine is about 25% of joint net income, but I have reasonably expensive hobbies (track days and sailing), and my holidays are centred around them, so they are also my (family) holiday spending in the case of sailing.

[Fonzey]

About 25% currently which is about 45% of my disposable... give or take.

• I exclude savings from disposable

[Kenty]

griffin dai said:

Cool! Any pics/vids

[red_slr]

Cost of my hobby?

Who are you my wife?

Listen dear, I got a great deal on this it was half price and that thing I bought last week that was second hand used once and the guy was giving it away.

[Nerdherder]

Kenty said:

I have a reasonably expensive hobby, owning a steam engine which we take to steam rallies.
I have the engines maintenance, testing, consumables, insurance and coal/wood.
I need to run a 7.5 tonne truck - insurance, tax, maintenance, fuel.
I also need a caravan - insurance, maintenance.

I get some assistance with expenses from rallies but not a huge amount.

Net cost per year, not counting any capital outlay is about £3-4K.

Luckily my wife is fully onboard so no conflict there!

That last bit is the priceless part. Lucky chap you.

[griffin dai]

Kenty said:

[PositronicRay]

Kenty said:

I have a reasonably expensive hobby, owning a steam engine which we take to steam rallies.
I have the engines maintenance, testing, consumables, insurance and coal/wood.
I need to run a 7.5 tonne truck - insurance, tax, maintenance, fuel.
I also need a caravan - insurance, maintenance.

I get some assistance with expenses from rallies but not a huge amount.

Net cost per year, not counting any capital outlay is about £3-4K. Luckily my wife
is fully onboard so no conflict there!

That's reasonable, I assume you'd be able to release the capital. Running a flash car gets eye-watering, as does a boat, or skiing. I don't know about golf but I bet its not difficult to ramp up a few £, particularly if you factor in boys weekends in Portugal or whatever.