This broad category covers a range of expenses that people consider hobbies, as well as concert tickets and pets. If done wisely, cash spent on your hobbies is money well spent. A lot of times, startup costs for hobbies and interests are very expensive, said Weiler. watch nowDon't finance a new hobby on debtIf you do enjoy the hobby, find a way to make it financially sustainable. Does money spent on hobbies buy happiness?

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Persons: Rebecca Weiler, Weiler, George Organizations: Getty, U.S . Bureau of Labor Statistics, Research, Finance, Trustco Bank Locations: New York City