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Author: altoflaco Three stars, 500 posts Old School Fool CAPS All Star Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 885312  
Subject: Re: LBYM Hobbies Date: 9/25/2000 4:01 PM
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Kappy asked about something a little more involved than just "going for a walk" that nonetheless wouldn't hurt his budget.

My take on LBYM recreation:

Begin by accepting that you are probably going to have to spend some money, particularly for the type of activities you suggested. If your budget just won't bear it, consider visiting museums (many offer free admission once/month or discount passes) etc. But I tend to agree with the poster a few weeks back who said he thought the “L” in LBYM meant fishing, and that he pinched pennies elsewhere so he could spare no expense chasing fish.

That said, there are two primary strategies for keeping your recreational budget in line. On the one hand, you can pick a pastime you truly enjoy – say golf – and then look for ways to reduce your expenditures – golfing at public courses, taking advantage of twilight hours discounts, and so. Or, you can adopt the strategy I prefer, and pick hobbies that minimize your ongoing expenses. Consider, for example, the difference between snowboarding and surfing. Both require heaving initial investment in equipment, but only the former requires an ongoing investment in the form of lift tickets.

Thus many sports that require moderate to high initial investments (such as kayaking, camping, cycling, tennis and others) can be quite cost effective. Once you have the equipment, there isn't much else to buy.

I would recommend buying quality gear so that you can get the best combination of comfort, enjoyment and durability. Of course, you can also apply many of the other LBYM tips offered on these boards, and look for previous-model-year equipment at the stores (where often the only change is the color) or good used equipment.

AF

-watching the cost per use on my surfboard drop since 1902



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