4. Financial Considerations: Hobby vs. Business Budget
| Factor | Hobby | Business |
| Spending | Discretionary, no financial expectations | Investment required for growth |
| Earnings | Optional | Expected |
| Tax Implications | None | Must track expenses and earnings |
| Risk Level | Low | Higher if capital is involved |
Considerations:
- Keeping hobbies separate prevents financial strain on business
- Monetized hobbies need structured budgeting to avoid losses