I tend to agree with the validity of your point about the overhead of TDD for 'one developer' or 'hobby' projects not justifying the expenses.
You have to consider however that most best practices are relevant and useful if they are consistently applied for a long period of time.
For example TDD is saving you testing/bugfixing time in a long run, not within 5 minutes after you've created the first unit test.
You're a contract programmer which means that you will leave your current project when it will be finished and will switch to something else, most likely in another company. Your current client will have to maintain and support your application. If you do not leave the support team a good framework to work with they will be stuck. TDD will help the project to be sustainable. It will increase the stability of the code base so other people with less experience will not be able not do too much damage trying to change it.
The same applies for the hobby projects. You may be tired of it and will want to pass it to someone. You might become commercially successful (think Craiglist) and will have 5 more people working besides you.
Investment in proper process always pays-off, even if it is just gained experience. But most of the time you will be grateful that when you started a new project you decided to do it properly
You have to consider OTHER people when doing something. You you have to think ahead, plan for growth, plan for sustainability.
If you don't want to do that - stick to the cowboy coding, it's much simpler this way.
P.S. The same thing applies to other practices:
- If you don't comment your code and you have ideal memory you'll be fine but someone else reading your code will not.
- If you don't document your discussions with the customer somebody else will not know anything about a crucial decision you made
etc ad infinitum