Collecting postage stamps - philately - can be a very rewarding hobby. It is suitable for all ages, from very young children to the elderly.
Extremely educational, it can teach children and adults history, geography and many other subjects, without really seeming to.
Stamp collecting can be as inexpensive as you like: you can purchase bulk mixtures of stamps at wholesale prices - pennies or less per stamp - from various websites, including Vintage Postcards, Stamps & More, or Stamps by Dmhcollectibles
Or if your budget allows, you can buy classic stamps, or inexpensive single stamps and sets, at the same websites.
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