You can't really put a price tag on hunting, fishing or any outdoor rec. If you do or say things like its just for the meat, then you're looking at it all wrong. Sure we all need to stick to budgets and be reasonable within our own income levels, however we all know if we don't spend it on some healthy outdoor endeavor, we may spend it on something else. Same for our time - if we don't spend it enjoying the outdoors, what's the alternative? Sitting in front of the tube?
When finances were tight, we did budget every penny, but we also seemed to somehow manage to get that new bow or rifle if we were careful. Its all about priorities. If the bills are paid and kids are fed, and there's some extra cash, I say its better to spend on hunting/fishing/camping than to spend on booze or just "stuff" you may not even need.
Over the years I've never regretted the "investments" we've made. Heck a few years back, I even got on a kick to find a cushy camper (got tired of tenting and the ancient popup we had!) and my husband and I thought an airstream would be ideal. Little did we know how costly they are, until we started shopping. I lucked out and found a used one (online!) several hundred miles from us. It turned out to be a steal and is excellent for a hunting or fishing camp! People have criticized us for buying something so frivolous simply to go camping, but I still think its one of the best "toys" I've ever bought.
So my theory is, if you're not going into debt to hunt - then go for it and enjoy it! You only live once and you gotta do what brings you joy!
I like Critter's savings plan. Its similar to what we've been doing for years. However in our case, we typically hunt locally and travel for fishing. But still the same idea, need a budget and plan to do the things you enjoy.