I call bull**** on anybody claiming they've saved money with this hobby.
Once you factor in the equipment costs (which you never stop buying), and how much homebrew you give away - it's a losing game.
You didn't read my long post then.
The TL;DR variety is, I have spent somewhere in the area of $400-500 in equipment. Maybe another $200 of equipment gifted to me. Over the last 2 years I've also probably spent maybe $1,000 in ingredients.
Even with higher costs early in brewing, I probably would have spend $1,200 on the LOW end on beer over the same time period, probably more like $1,500 or so. So roughly break even, but I have produced easily twice the volume of beer I would have for the same cost. My current running cost is easily 1/4-1/3rd the per bottle cost now.
Even with what I have given away, plus increased my own consumption, I am at worst break even.
Since I don't plan on buying any equipment for the foreseeable future, other than making a heatstick, that might cost me a total of $70, and save it's price in propane costs in a couple of years...I am easily saving several hundred a year at this point with all of my equipment capitol costs paid off.
Ignoring price per bottle, I am producing only twice what I would have been buying anyway, but the cost is roughly 1/3rd or even a little less than what it would have been.
I mean, heck, I am probably spending around $200 a year on grain and $100 a year on hops and herbs/ingredients. Maybe $30 on propane and $30 on other disposables (sanitizers, DME, etc.). That is maybe rounding up $400 a year now that I have moved to reusing yeast and buying grain and hops in bulk.
A SLOW year might have been $600 a year buying beer. Other bonus is, my wife IS drinking less wine now, even if it is only a little less. Probably saving $100 a year on beer (because I'll admit to maybe spending $100 on beer still, as I do go to the liquor store maybe ever 2-3 months and buy a few 6-packs) and probably saving $100-200 on wine because my wife is buying less of it as I am making beer to her taste sometimes.
So, my actual costs truly are less, even when you account for the fact that I am giving away so much of it and also drinking more of it myself.
More beer enjoyment + spending less than I had been = awesome times.
Easily possible if you don't either go crazy or do it "wrong". But hey, if you are enjoying it, doing it "wrong" isn't really wrong.