I am doing NaBloPoMo this month. 30 blog posts in 30 days. Come join me. #nablopomo2019
First I’d like to say, when I picked up running, I thought that it was a fairly inexpensive new endeavor. Yes, you need workout clothes (which I already owned) and some decent running shoes (which I did have to purchase), but other than that, you don’t need much gear, right?
I had no idea all the follow-up costs of my new hobby. Shoes have to be replaced on a regular basis. Even better, if you have a few different models that you rotate for different workouts. And other ‘needs’ will pop up, like a GPS running watch, running belt, hydration pack, you get the idea. Who knew I would get so swept up in running (oh, only every runner could have told me that!).
One question though that I haven’t really “actively” thought about was how to budget for races, tbh. I don’t run too many races throughout the year, maybe 5 or so. Most of the races that I run are local or within driving distance, so I am not incurring a lot of expenses besides the entrance fees, which I usually absorb from a general “running” budget category.
I allocate some money every month to that category in my budget and then pay everything running-related from that “pot of money”. If an expense comes up and I don’t have enough saved up in my running category, I usually supplement from a general spending category.
I do try to take advantage of early bird pricing or coupon codes when available, which depending on the race can make a significant difference.
I am curious if you have a budgeting strategy for races, and, if you’re inclined to share, how much you spend on average on races per year.