Hobbies are supposed to be fun. After a long work week, they provide much-needed and much-deserved relaxation and "you" time. Even if you love your job, you need a creative outlet. Unfortunately, some people view hobbies as senseless money sinks - if you're restoring old cars, you're pouring money into repairs, and if you're taking photos, you've probably invested a substantial amount in equipment. Is it worth it?

In some cases, it can be. Consider re-evaluating your hobby from an investment perspective. Even though you spend money, there may be potential to save and even make money. From craftsmanship to entrepreneurship, here are some ways you can use your hobbies to boost your bottom line.

4 Tips To Take Better Care Of Your Car Now
5 Tips On How To Save Money In The Shower
5 Quick Tips For Better Budgeting And Shopping

With lenses that can cost $1,000 and up, this is one hobby that can get expensive quickly. The more you love it, the more expensive it becomes. When you're on a budget, it's tough to keep up with what your artistic heart desires. If you can, try to make this hobby pay for itself. As you become a better photographer, start taking pictures professionally. List them on a stock photo service for people to buy, and book appointments to take portrait, landscape, or wedding photos. Add a frame to your favorite photos so that you can use them as birthday and holiday gifts.

Jewelry Design
Love making jewelry? If so, you're in luck because there's a market for handmade jewelry. You could try selling your jewelry at vendor fairs, farmers' markets, art shows and college campuses. You could also try opening your own shop on Etsy.

Believe it or not, knitting can be very relaxing. Plus, many people will appreciate the handmade items you produce. Scarves, beanies and sweaters make great gifts; instead of heading to the mall this Christmas, create unique presents for your friends and family. Also, as with handmade jewelry, you can sell your knits on Etsy and eBay.

Instead of throwing old clothes away, learn how to repair them and recreate them as new pieces. It's amazing what you can do with patches of old fabric - you can turn them into quilts, drapes, pillowcases, purses and so much more. If you're handy with your sewing machine, you could even start your own business by creating unique items.

If you're a lover of great food, you probably know that restaurants get expensive. By learning to cook, you can save money by creating elaborate meals at home. Even the most luxurious meals can be created at a fraction of the cost of a restaurant meal. Granted, you'll be tired and sweaty by the time you sit down to eat, but for those who love to be in the kitchen, that's half the fun!

Few people are able to profit as professional artists, but just because your work may never hang in a prestigious gallery doesn't mean you have to pack up your paint brushes. If you have artistic skill, why not use your talent as an opportunity to supplement your income? You can save money by making gifts for people, and you can even make money by going digital and uploading your artwork to an online gallery. Selling your work independently may also be an option, as many people seek out less expensive decor for their homes than what can be found in a typical art gallery.

The Bottom Line
Even the most expensive hobbies can provide a return on investment. Let your creativity flow, but allow the business side of your brain to assert itself too. Make the most out of the items that you make. If there's a market for the items you produce, any hobby can be a money-maker.

Related Articles
  1. Markets

    Star Wars The Force Awakens a Legacy of Star Destroyer-Sized Revenues (DIS)

    The next installment of the Star Wars saga, The Force Awakens, has just been released. Worldwide revenue is expected in the billions.
  2. Personal Wealth & Private Banking

    Finding the Right Yacht Club: A Quick Guide

    Hello, Commodore! Everything you ever wanted to know about these gathering sites for boat owners and renters, and how to do a shipshape search for one.
  3. Budgeting

    Six Most Popular Hobbies You Can Do For Free

    Does your budget not allow you to have expensive hobbies? Here are six great ideas for occupying your free time without spending money.
  4. Professionals

    5 Financial Careers You Didn’t Know Existed

    Discover some often overlooked financial career opportunities, and learn how accountants can catch the bad guy or rub elbows with Hollywood's elite.
  5. Investing

    Top 5 Tips For a Successful Etsy Business

    Here are some tips on how to run a successful business on Etsy, which has helped entrepreneurs reap some substantial rewards.
  6. Retirement

    7 Certifications to Get After You Retire

    Your schedule opens up significantly in retirement. Pursuing any of these seven certifications will keep you busy as you gain a great new skill.
  7. Investing Basics

    The Economics Behind Marathons

    Marathons are growing in popularity at a record pace. Entry into these events commands a hefty price, but it's nothing compared to the organizational costs.
  8. Personal Finance

    5 Tips for Vintage Car Collecting

    Old autos. There’s just something about all that shiny metal that captivates our attention.
  9. Personal Finance

    6 Tips for Investing in Antiques

    Historically, antiques are highly appreciating assets, but be prepared for a long-term investment.
  10. Retirement

    Why Retiring Sooner Might Be a Bad Idea

    Learn why even though most people dream of early retirement, it has plenty of downfalls that include less money, lower productivity and schedule upheaval.
Hot Definitions
  1. Super Bowl Indicator

    An indicator based on the belief that a Super Bowl win for a team from the old AFL (AFC division) foretells a decline in ...
  2. Flight To Quality

    The action of investors moving their capital away from riskier investments to the safest possible investment vehicles. This ...
  3. Discouraged Worker

    A person who is eligible for employment and is able to work, but is currently unemployed and has not attempted to find employment ...
  4. Ponzimonium

    After Bernard Madoff's $65 billion Ponzi scheme was revealed, many new (smaller-scale) Ponzi schemers became exposed. Ponzimonium ...
  5. Quarterly Earnings Report

    A quarterly filing made by public companies to report their performance. Included in earnings reports are items such as net ...
Trading Center