ADVERTISEMENT

Budgeting for Pricey Pursuits Comments

  • By Kenia Perez
  • April 04, 2011

Motorcycling, sailing, snowboarding—my favorite sports aren't exactly cheap. And if you knit, garden, ski or scuba dive, I’m sure you can relate.

A pricey hobby is worth every dime—but you still have to control your overhead.

Kenia on bike
Easy Rider: Kenia on her '94 Kawasaki EX500 Ninja

First step: I monitor everything from buying gear to oil changes. (Yes, the chart is geeky. But I'm also an engineer.)

  Motorcycling Sailing Snowboarding
Start-up Costs $1800: First bike
$350: Jacket, gloves, boots
$160: Beginners' Sabot sailing class $200: Snow pants & boots
Snowboard: FREE (gift!)"
Activity Costs $200: 1 track day
$20: Gas for 1 weekend ride
$350: Weekend yacht charter, moor fee, food & drinks $500: Tahoe trip (all expenses)
$300: Mammoth trip (all expenses)
Maintenance Costs $400+: Oil changes, tires, parts
$150: 6-month insurance premium
$75: Annual DMV registration
None! $5: Board wax

How do I pay for all this? I follow the 60% budget solution—4% of my gross income goes toward fun and travel, and 2.5% goes toward a new motorcycle. It also helps that I’m single with no kids (for now!), and that I live in California, where I have easy access to my activities.

Travel in groups. I split yacht rentals with 9 other people. We carpool on snowboarding trips, split a rental condo, and eat in.
Volunteer. I teach a sailing class every summer, so I sail for free!
DIY. I do most of my own motorcycle maintenance.

Break it down. What are your expensive pleasures, and how do you pay for them?

Kenia Perez works
in the aerospace
industry in California.

Tagged in: Budgeting

© Copyright DailyWorth 2014