How to Stop Feeling Guilty About Spending Money on Hobbies
Do you love to indulge in your hobbies, but feel guilty about spending money on them? Do you struggle to balance your savings goals with your desire to enjoy life? If so, you are not alone. Many people who are trying to live more frugally face this dilemma.
Hobbies are important for our well-being. They can help us relax, express ourselves, learn new skills, and connect with others. They can also bring us joy and satisfaction. However, hobbies can also be expensive. Whether it's buying equipment, materials, subscriptions, or memberships, hobbies can take a big chunk out of our budget.
So how can we stop feeling bad when it comes to spending money on hobbies? Here are some tips:
Set a budget for your hobbies
One of the most common suggestions is to set a budget for your hobbies and stick to it. This way, you can allocate a certain amount of money each month or year for your hobbies without feeling guilty or compromising your savings.
For example, it is recommended to have an "entertainment" budget for the month that can be spent on whatever you want, no questions asked. It is also suggested that this budget can roll over month to month, so you don't feel pressured to use it or lose it and it gives you the option to save it up and use it on something expensive.
Another idea is to have a separate savings account or pot for your hobbies. This way, you can save up for something you really want without dipping into your emergency fund or other savings goals.
Delay your purchases
Another tip is to delay your purchases and avoid impulse buying. This can help you avoid wasting money on things you don't really need or want, and also give you time to think about whether you can afford it or not.
For example, put things on a list or in a virtual shopping cart and leave them for a few days or even a few weeks if its a larger purchase. If you still want them after that (and they fit in your budget), then go ahead and buy them. This can also help you avoid buyer's remorse and regret.
Be mindful of your spending
Another suggestion is to be mindful of your spending and track where your money goes. This can help you identify areas where you can cut back or save more, and also make you more aware of how much you are spending on your hobbies.
Having a clear picture of your financial situation can help you make better decisions and plan ahead.
Find ways to save money on your hobbies
Another idea is to find ways to save money on your hobbies without sacrificing quality or enjoyment. There are many ways to do this, such as:
- Buying second-hand or refurbished items instead of new ones through websites such as Vinted, Thrift Plus, or eBay
- Borrowing, renting, or sharing items instead of buying them through websites such as LK Borrowed, Moss Bros, or Hurr Collective
- Selling or donating items you no longer use or need
- Looking for discounts, coupons, deals, or freebies through websites such as TopCashback, Quidco, or Find A Referral Code,
- Doing DIY projects or making things yourself instead of buying them. Check out Home Improvement Offers for tips on how to save money on DIY projects
- Joining online communities or groups that share your hobby and exchange tips, resources, or support such as the following subreddits: Find A Referral Code Reddit or Frugal Living
Remember why you are being frugal
Finally, remember why you are being frugal in the first place. What are your goals and motivations? What are you saving for? What are the benefits of being frugal?
For example, re-evaluate your motivation and writing down answers to questions such as: Why are you saving? Why do you want to be frugal? Where do you want to be in 5 years? Do you have personal goals that inspire you to save more?
By reminding yourself of why you are being frugal, you can also remind yourself of why it's okay to spend some money on your hobbies. As long as you are not compromising your financial security or future plans, spending money on hobbies is not a bad thing. It's a way of investing in yourself and your happiness.
Being frugal doesn't mean being miserable. It means being smart and intentional with your money. It means spending less on things that don't matter and more on things that do. It means finding a balance between saving and living.
So don't feel guilty about spending money