Hobbies are a great pastime, but in this economy, they can also help you pay the bills. Think about the things you do in your spare time and consider whether you can profit from them.
If you're good at woodworking, you could make any number of useful and decorative items to sell. Bookshelves, spice racks, jigsaw puzzles, ring holders - whatever you can come up with - could bring you some extra cash each month.
Beading and other forms of jewelry-making could also bring you a tidy profit. Use coupons at craft stores to obtain your supplies, then design away. You can sell your finished items online, at craft fairs or flea markets, or even many other places you can come up with.
Painting, drawing, photography - all great art forms that you can really cash in on if your talented in one of these areas. One thing you can do is ask local restaurants to put your art work on their walls with prices on each item. The restaurant profits by not having to buy art for its walls, and you profit by getting your art great visibility in front of many possible buyers. Another way to cash in is to take a photo of a local business, frame it in an inexpensive frame, and see if the owner of the business will buy the print for $10. If he's not interested, remove that photograph, take a photo of another business, and repeat the process. Many business owners will want to purchase the photo, if it's high quality, because they are proud of their business.
If you're a great cook, you could try catering small functions, such as dinner parties or advertise as a provider of romantic dinners for two, complete with candles and so forth. As you become more popular, you can think about expanding and possibly even making this your full time career.
People who are good at sewing can always find themselves in demand. You can advertise mending services, or if you're really good at it, you could even tailor people's clothing for them.
Here are a few more ideas for hobbies that can translate into extra cash in your hands:
Using your imagination, you can probably come up with many other things you're good at that you could turn into a means of extra income.