Saturday, January 7, 2012

Use Your Hobbies to Save Money & Gain Additional Income

Saving is key and hobbies can be used to save money or gain additional income. Cooking, sewing, hair braiding and farming are just some ways to save more.

Today, people want to stay ahead of their monthly bills and commitments and also want to want to travel or treat themselves and their families. Sometimes, regular income may not cover all of the outgoings so that any treats can be enjoyed. However, there are some hobbies that can help the family to save or generate additional income to make the treats or trip a reality.

Grow Food to Make & Save Money
Fruits, vegetables and herbs are always in demand in the home. So if someone has a container garden with herbs, these fresh herbs can be used in the kitchen and there will be no need to purchase them from the supermarket or other places.When there are excess fruits and/or vegetables, the extras can be sold aroundthe neighborhood or to a Farmers' Market or hotel or restaurant.

Design Greeting Cards
For persons who like to design and have a knack for crafts and creativity, greetings cards can be created for special occasions rather than spending at the stationery store. This hobby requires a good printer, card stock paper and any scraps of cloth, colored paper, shells and any other creative scraps for decorative detail. The cards can be made for birthdays, anniversaries, Mothers' Day, Fathers' Day, weddings, Christmas and any other special occasions. If other family members or friends express interest in the cards, then this can grow into a business where special cards are made upon request.

Culinary Enthusiasts Can Bake & Cook to Make Money
Baking at home saves money from purchasing store-bought breads or cakes which sometimes have exceeded the shelf life. People who love to bake can also offer to bake cakes, cookies, pies or tarts for special functions as a way to make extra money. For those who enjoy cooking, submitting bids to cater for small functions can be profitable but it is important to weigh the expenses so that costs are covered.

Sewing, Knitting & Crocheting Generate Income
 Having a sewing machine and knowing how to operate it well can help a family save money especially if any family member wears uniforms. By sewing for the family, it is easy to gather a few customers in the neighborhood, at the children's school or at the workplace. Knitting and crocheting are excellent hobbies to create items such as doilies, dresses, sweaters, wall hangings and other items which can be used at home or sold. These items can also be entered into exhibitions or fairs in competitions which may have cash prizes.

Hair Braiding at Home
In the Caribbean, most of the primary or elementary school-aged children wear braids or cornrows of their natural hair (without extensions) to school. A braided hairstyle for a child can cost a minimum of US$20 at most hair salons. It is much more cost effective for women to braid their children's hair at home. If the braiding skills are good and the talents extend to the braiding of extensions or sewing of weaves, then additional income can be generated from family and friends who need their hair styled.

While hobbies can help a family to save and attract extra income for the family, it is important to keep a balanced home life. If a hobby starts to take over the time spent at home or at work, then the hobbyist would have to decide to take the hobby to a small business level.

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