Is this hobby a perpetual money pit ?

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Holy crap that is a lot of money. How? Why?
So many things adding up…

Can I ask what exactly is costing you so much?
I’m probably closer to 8k CAD, so that’s about 6k USD.

My guestimate :
1,5k for fish and coral
1,5k for the Fluval Evo (initial buy + upgrades)
3,5k for the 75 gallons (filter, skimmer, ATO, lights, UV sterilizer, microscope, reservoirs, rodi system, etc.)
0,5k electrician bill (dedicated outlets and GFCI plugs)
1k salt, testing kits, reagents, food, bacteria etc.

Keep in mind I buy everything new (not a good fixer upper). I can’t do plumbing and I can’t do electricity.
 
Hot dogs and mac n cheese are your friend.
Lol!
-d
This was mine last Saturday after a night of some drinking....it was pretty darn
good. Must have ketchup and plenty of pepper....
20211211_141621.jpg
 
Okay, I need encouragements. Or not. Maybe this is just too expensive for my taste.

I am always, always very well prepared before going into a new project. I had done hundreds of hours of research, reading and watching videos to learn as much as possible on tons of different aspects of the hobby.

After that I set aside a budget, thinking I would have a lot of expenses in the beginning, and that eventually it would calm down . Like it does in freshwater (even though it’s a lot less expensive). After a while, you have all your gear and all you need to buy is food and maintenance products. And enjoy.

But that has not happened with my reef tanks…. So far I must have spent 8k-10k in 9 months. For a 12 gallons and 75 gallons tank (I already had the tank and stand). It seems there is always a problem to fix that needs specific equipment, or products. Every month, I’m thinking : okay, this was the last time I spent so much. But then I need something else that can’t wait.

What I want is to achieve a state where my tank is complete and where I only need to buy new stuff exceptionally, and because I want to (outside of all necessary items). I want my montly budget to be spent on corals, so I can have the tank I dreamed of.

Is this unrealistic ? Should I downsize ?

Right now I’m tight on money because of this hobby I love and it’s not a pleasant feeling. Yeah, I could spend less, but I’ve already spent so much how can I let it go to waste ? Sigh.

Your experience will be appreciated.
Are you buying the best, the latest and greatest to "keep up with the Joneses" or are you ok with good enough?


My first tank in 30 years and have spent in excess of 5K in 3 months.
I expect once running well my cost will be negligible unless I feel the need to upgrade, pumps, skimmer, other reactors.

I stayed away from marine tanks knowing operating costs (power) was expensive until LED lighting. Now my power consumption is absorbed by my solar system and battery.
Example of power cost. I am currently paying 34 cents per KWH if I import from the grid.

My cost is now what I make it.
 
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Look you know you. Are you spending money that needs to be spent elsewhere?
You like gadgets.
You spent that much on those two tanks. YOU LIKE GADGETS!
Question is, if you drop out are you gonna stay home and watch I love Lucy reruns and put all the cash in an IRA or are you going to find the next hobby that strikes your fancy?
Then ask yourself, Self, will I enjoy this less more or as much as reefing?
Then decide.
Me, I love this
It’s a part of me.
Keeping me somewhat sane during these crazy times and I’m home.
To thine own self be true.
 
Are you buying the best, the latest and greatest to "keep up with the Joneses" or are you ok with good enough?
I’m not buying the best to keep up with the Jones. I really don‘t care what people do. And I’m not okay with good enough.

I’m a perfectionist with an anxiety disorder and those two attributes don’t do well together. I’m always buying products that are well made and known for reliability and durability and those are often the most expensive, but not necessarily.

For example, I like koralia powerheads. They’re not too expensive. But I also like Nero powerheads. I have a Nero 5 and Nero 3. Those two together cost around 600$. For 2 powerheads !

I hope I’m like you soon. :)
 
First off research doesn't educate you. Most of the information out there is pure crap. TBF this is true of every human endevour. All of it is designed to hit your ego. If you fall for that information then you are on the path of failure. Sadly as you travel this path you will not know it and you will be shedding money as you walk down it. When you arrive at destination failure, then you will have to decide if this hobby is really for you. It is good to reach that point, the quicker you reach it the better for you. I like what a self help money guru (Robert Kiyosaki) says best, "Fail faster!".

No one can help you when you reach this place. No one can say one way or another what you should do there, but do something you must.

It isn't easy, but my suggestion is that you back off on your expections. I know it sounds condescending but you should probably be working on get a FOWLR to work. Spend a couple years doing this. It will help you understand what is necessary and what is not, and it will definitely help cut back on how much you are spending, and give you some success that is real.

EDIT: I have to say you picked the absolute hardest way to start this hobby. Base rock dead starts take a ton of patience and much needs to be understand to get them to go. Yikes. :(
 
You like gadgets.
You spent that much on those two tanks. YOU LIKE GADGETS!
You have got me right there. I do love technology !

Question is, if you drop out are you gonna stay home and watch I love Lucy reruns and put all the cash in an IRA or are you going to find the next hobby that strikes your fancy?
Then ask yourself, Self, will I enjoy this less more or as much as reefing?
If I drop out, I will get a smaller tank for a reef tank and make the 75 gallons a freshwater tank.

But it will feel like failure because I didn’t finish what I started.

It’s just I need clothes…. And a new reading chair. It’s literally falling apart. When I get up I have little fake leather flakes stuck to my butt, lol ! Talk about priorities…
 
I’m not buying the best to keep up with the Jones. I really don‘t care what people do. And I’m not okay with good enough.

I’m a perfectionist with an anxiety disorder and those two attributes don’t do well together. I’m always buying products that are well made and known for reliability and durability and those are often the most expensive, but not necessarily.

For example, I like koralia powerheads. They’re not too expensive. But I also like Nero powerheads. I have a Nero 5 and Nero 3. Those two together cost around 600$. For 2 powerheads !

I hope I’m like you soon. :)
I'll check those Hydor pumps :)
 
You have got me right there. I do love technology !


If I drop out, I will get a smaller tank for a reef tank and make the 75 gallons a freshwater tank.

But it will feel like failure because I didn’t finish what I started.

It’s just I need clothes…. And a new reading chair. It’s literally falling apart. When I get up I have little fake leather flakes stuck to my butt, lol ! Talk about priorities…
Dude, you need accountability. Have a friend or family member help you stay on track.
You’re being very honest and I feel that.
If you are enjoying reefing stay with it but take a good look at your budget and determine in real numbers what you can spend.
más much as I hate to admit it, you need a decent chair and you need clothes.
Priorities!
You can do this. Do the budget and then make yourself accountable. Discipline is key
 
First off research doesn't educate you. Most of the information out there is pure crap.
I don’t agree with you here. I have developed a method where I manage to bundle enough info to get pretty reliable feedback. I’ve been doing this for so long, it’s become second nature. I probably discard 80%-90% of what I read and keep the rest, from the sources I trust.

All of it is designed to hit your ego. If you fall for that information then you are on the path of failure. Sadly as you travel this path you will not know it and you will be shedding money as you walk down it.
Again, I don’t agree. I don’t have an ego. I’m disabled and reefing is one of the things that help me see beauty in life.

It isn't easy, but my suggestion is that you back off on your expections. I know it sounds condescending but you should probably be working on get a FOWLR to work. Spend a couple years doing this. It will help you understand what is necessary and what is not, and it will definitely help cut back on how much you are spending, and give you some success that is real.
I can’t, I’m getting older and more fragile and losing physical stamina. I have 10 years left maybe in this hobby.

Thank you for trying to help, I appreciate it.
 
Based on the prices you paid, it looks like you're requirement is to buy new in box, name brand/high end items direct from vendors, potentially brick and mortar.

If that is the case, then yes this hobby will be a money pit. No matter how good the vendor, they will always have something you "need" with a steep entry price.


This is not a knock at all, but reality. And it won't get better bc as you're skill set progresses you may be drawn to higher end, harder to keep corals.


IMO this hobby is a a world class enabler. If you are spendy by nature this hobby won't ever tell you no. Same for those that like to: Tinker, waste time, conduct pseudoscience etc.
 
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Yes100% a money pit. It slows down after the initial investment but there are and will be things to buy, salt, food, testing kits, random items you didn’t think you need until you plan a vacation.....etc.
Water bills
Electricity bills
Salt
food
Additional livestock (replace dead ones)
Unending coral purchases
Additives
Testing
Replace equipment failures
Toys and gadgets

All in all I'd say AFTER Initial Start up costs... count on roughly $100-$150/month when adding in electricity and other hidden costs
 
Water bills
Electricity bills
Salt
food
Additional livestock (replace dead ones)
Unending coral purchases
Additives
Testing
Replace equipment failures
Toys and gadgets

All in all I'd say AFTER Initial Start up costs... count on roughly $100-$150/month when adding in electricity and other hidden costs
We don’t have water bills and my electricity bill hasn’t been affected so far. Electricity is cheap around here.

All of this I think is just normal, except toys and gadgets. That would be extra.

It’s all the add-ons (like the microscope I had to buy, or the doser I will need) I’m hoping to stop buying soon. If I can spend about 200$ per month for corals for a while until the tank looks full enough, I’ll be happy.
 

IF YOU HAD TO TAKE A REEFING EXAM, WOULD YOU PASS?

  • Yes!

    Votes: 32 45.7%
  • Not yet, but I have one that I want to buy in mind!

    Votes: 9 12.9%
  • No.

    Votes: 26 37.1%
  • Other (please explain).

    Votes: 3 4.3%
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