What are your Costly Pleasures?
Frugality is great, and it can take you a long ways towards reaching your financial and life goals, however, there are some things in life that we absolutely throw frugality out the window for. These are things that we value beyond the price tag because of the pure enjoyment that they bring to our lives. Notice that I didn’t title the post ‘costly GUILTY pleasures’ – there are just times when you shouldn’t feel guilty about spending extra money on the things that you love.
There are two categories that I generally don’t skimp on (which I’ll get to in a minute). Don’t get me wrong, I’m still always looking for the best deal or for ways to keep my expense as low as possible without sacrificing quality. But I generally pay more than I probably should for these things:
A few weeks back, I highlighted the 6 food characteristics that I’m not willing to sacrifice for cost savings. Taste is an underrated sensation. And I want to eat healthy food that is also ethically sound. I just can’t ever see myself sacrificing my favorite foods to save a few bucks.
2. Sporting Hobbies
There are four sports that I’m pretty passionate about and I’m willing to pay top dollar for the best goods:
Disc Golf: I’ve highlighted how to play disc golf on 20somethingfinance before. It’s an addictive and wonderfully frugal sport (most courses are free to play). The discs themselves cost about $10-$15. And I have a ton. I carry about 5 drivers, 2 mid-range discs, and two putters. And a top of the line bag. But since I get out once a week and don’t have to pay to play, I don’t feel a bit guilty.
Tennis: Tennis is another gloriously cheap sport. A new pack of balls every month and new strings once a year, and you’re good to go. Except – when you need a new racket. Good rackets can cost in the upwards of $300. And in my opinion, they are worth every penny.
Cycling: I have one of those goofy hybrid bikes, but my Tour de France obsession has be clamoring for a shiny new road bike. I know that I’d get a lot of use out of it, and it’s a very healthy activity (if you don’t get hit). When I do get a new road bike, it’s going to take a nice chunk out of my bank account.
Ultralight Backpacking: This is my Achilles heal of costly guilty pleasures. As I highlighted in my REI review (which is why I got the REI membership to save 10% on gear), ultralight backpacking is incredibly expensive. In my latest spending binge, I have been able to cut the weight of my tent and sleeping bag more than in half. I expect to do the same with my bag. But those upgrades certainly haven’t been cheap. However, when I’m able to hike twice as far and twice as fast because I don’t feel like I’m dragging a little person around on my back, then the added expense will definitely come to fruition as money well spent.
Costly Pleasure Discussion:
But enough about me. I want to hear what your costly pleasures are (guilty or not). Please share with everyone!