I recorded the cost of everything because I have been told I can donate quilts to Hospice or other charities. I don't think my quilting skills are there yet. But it helped me see the cost of my new hobby.
The timing was right, because Joann's had 75% off fat quarters(22" by 18" fabric piece). I bought 20 for a price of $12.45.
I also was lucky to find some 100% cotton for the backing at Wal-Mart for $2.50 per yard for two yards, totaling $5.
I had a bolt of batting I bought when I started quilting. I could say this is stash, but I'll set the cost at $3.
The binding was made from fabric leftover from a previous quilt.
Adding everything up, it is roughly $21 for this 48" by 60" quilt, even with all supplies bought on sale.
I used my Singer 6268 for the project.