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Am I spending too much money to brew beer?

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Since it is a hobby, don't forget to subtract out your hobby costs, the money you would be spending regardless of whether you were brewing or not.

On the the flip side I highly recommend tracking expenses, we track brewery efficiency, financial efficiency is also a good indicator of good or poor methods. I am currently pursuing brewing a 10 cent/bottle batch. I brew 3-4 batches/month so I think that is achievable. I think I'll have to grow my barley to get there, so that will be a good lesson in farming :). But then malting may not be a worthwhile investment, I have been tracking my finances though so I can figure that out. Without records I would have no way of knowing.

10 cents a bottle is easy to achieve... *good* beer at 10 cents a bottle is not. ;)
 
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