I will echo Jig Man's post, this isn't going to save you in the short term, in fact it will cost you. If you find that you only want to make 1 to 3 different styles of lures in 4 or different colors, well you can probably recoup the start up costs in 1 to 3 years depending on how many baits you normally use in that time span. The problem is that most don't take into consideration the learning curve and the time it takes to get good at it and the time you put in to make your lures. I can tell you that it is a very rewarding thing and fun but time consuming and possibly dangerous if you try to rush things. The other issue is like Junyer357 mentioned, it can become an addictive hobby where you never really save because you end up buying all kinds of glitter in every size (yes, there are multiple sizes of each color glitter), tons of plastisol to make baits and experiment, molds, small injectors, large injectors, O-rings to replace worn ones in your injectors, blending blocks, dual injectors, laminate plates and on and on. Most who end up sucked in will tell you it is a money pit but it can be really fun and a good hobby to have when you can't get out to fish. So, if you think you can drop $300 to start making baits and feel you can stay at that level just buying fresh plastisol from time to time, well then you will save some coin after a bit but if you really like using soft plastics I'd imagine after learning that you would have a hard time not buying additional molds and other stuff so you end up either wanting to save money or having a new hobby or saving money but you never really save with the hobby unless you are very disciplined and that will be hard if you end up liking what you are doing, good luck.