Julie Morris

Approaching retirement begs the question, “Now What?” Prior to retiring you hopefully planned for longevity with investments, long-term care insurance and powers-of-attorney.

5 Fun, Fit, and Frugal Hobbies to Consider When You Need Something New

5 Fun, Fit, and Frugal Hobbies to Consider When You Need Something New

Sometimes we all need to try something new to shake things up. A hobby is the perfect opportunity to expand your horizons and open your mind. But many people, paralyzed by indecision, don’t realize the number of potential hobbies that can help them stay fit -- mentally and/or physically -- and that won’t break the bank. Here are some suggestions you can try, no matter your age, skill level, or economic status.

Learn a New Instrument

You’ve always wanted to be able to play an instrument, right? Most of us do. If you commit to learning one as a hobby, you can devote a few hours a week and see incredible results. Beyond being impressive at parties, the benefits of playing music are multifold. The good news is that once you have the instrument (which you can rent or borrow if money is a consideration), the hobby is completely free, as there are dozens of free music courses available online.

Golf

There’s a myth out there that golf is expensive, and this seems to be a barrier for many people who otherwise would love to get into the game. Fact: local, public courses can have greens fees as low as $10 (if you walk instead of ride a cart). And a new set of clubs doesn’t have to cost a fortune either. You can keep costs down by using a Dicks Sporting Goods coupon, or look online for a used set of clubs. The great thing about golf is that it’s physically and mentally stimulating, gets you outdoors, and can be played by alone on your own schedule or with friends!

Blog

Though social media may be king right now, blogging has endured as a popular form of online expression for decades. Anyone can blog, and there are dozens of ways to do it for free. It doesn’t matter if your blog is popular or if you simply do it for the personal catharsis -- writing about things you care about is a great way to spend your time. And blogging begets more blogging -- that’s the great thing about it. You may start blogging about a random topic, but soon develop a hobby-specific blog. Yes, you can blog about one of your other hobbies (maybe learning to play the saxophone, for instance).

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Learn to Cook

Maybe you can boil water and make spaghetti. Maybe you make a mean grilled cheese. But in order to truly reap the benefits of cooking, treat it as a real hobby and focus on honing your skill and creativity. YouTube is a great place to begin learning the cooking craft, and good beginner cookbook can cost less than $20 (don’t forget to shop sales!). Not only is it delicious, but cooking is a hobby you can share with a group of friends or family, or enjoy just as much by yourself.

Geocaching

Scavenger hunts are always fun, right? What if you could participate in various search missions, united by a local or global community? Geocaching could be for you. Dubbed a “high-tech treasure hunt” by REI, Geocaching involves finding hidden treasures or “caches” using GPS technology. Geocaching is fun, free, and can be done alone -- but it’s even more fun when done with a group. Search online for local geocaching groups and specific local geocaching trails.

Hobbies keep our minds and bodies sharp, keep us social, boost our self-esteem and keep us engaged. If you ever feel like you aren’t doing enough with your time, think about picking up a fun and frugal hobby. You just might be opening a new and exciting chapter in your life.

Julie Morris is a life and career coach who strives to help others live the best lives that they can. She spent years in an unfulfilling career in finance before deciding to help people in other ways. She’s living this passion by the use of her site: http://juliemorris.org/

Photo by Court Prather on Unsplash

Editor's Note

Planning for a future successful retirement can be hard work. There are so many things to think about. Some of them are exciting. Where will you travel? What hobbies and activities will you enjoy? Which family members will visit you?

However, longevity brings many challenges. You need the financial resources to last your lifetime. This means you better be savings money in your employers 401(k) or other retirement accounts.

One thing many people forget to act on is planning for the financial costs and burdens of aging. A recent study says 55% of those surveyed responded that they “need” Long-Term Care Insurance but only 35% said they were knowledgeable about the topic and only 15% said they owned Long-Term Care Insurance.

Without an advance plan for long-term care you either force a spouse or children to become caregivers or you will drain assets to pay for outside care. Caregiving is very tough on family members physically and mentally. Remember your children will have their own careers and families. Being a full-time caregiver, or even a part-time caregiver, is usually not the best plan. Paid care will negatively impact lifestyle and legacy. You didn’t save that money just to spend it on caregivers or worse, a nursing home.

The good news is most people with Long-Term Care Insurance are not going to a nursing home. You will have the tax-free resources to pay for your choice of quality care solutions in the setting you prefer.

While Long-Term Care Insurance is easy and affordable asset protection it is much more than that. It gives you the power of control over your life. It provides care options and professional case management to help your family make sure you get the appropriate care.

Don’t wait until after retirement to start planning. While affordable options exist for those over 65, often health issues limit your choices. It is best to start your research in your 40s or 50s.

Find the current cost of care services in your state and the availability of Long-Term Care Partnership policies which offer additional dollar-for-dollar asset protection. Plus, some states offer tax incentives.   Find your state on the LTC NEWS MAP

by clicking here.

You can find a qualified Long-Term Care Insurance specialist by clicking here.

About Julie Morris

Julie Morris is a life and career coach who strives to help others live the best lives that they can. She spent years in an unfulfilling career in finance before deciding to help people in other ways.

Free Long Term Care Quote