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Asked on Reddit: Can I Justify an Expensive Hobby?
Financial experts recommend budgeting and prioritizing to enjoy costly hobbies without sacrificing savings or debt repayment, suggesting sustainable spending and creative funding methods.
- Recently, an anonymous Reddit user asked whether spending on an expensive hobby can be justified, prompting NerdWallet to sift Reddit threads and publish the article 'Asked on Reddit: Can I Justify an Expensive Hobby?'
- Many respondents worried a splurge might reduce savings or debt payments, and John Jones, certified financial planner at Heritage Financial, recommended weighing financial priorities and values.
- Create a dedicated hobby savings account, andi Wrenn suggested, while John Jones recommended building hobby costs into your budget as a sustainable expense rather than tapping savings or loans.
- Using rewards, a travel-rewards hobbyist recently funded a trip to Scotland after paying off credit cards monthly, showing planning can pay off.
- Experts say balanced indulgence is acceptable, as NerdWallet reports some recommend splitting spending between future savings and hobbies, but anonymous Reddit posters show such expenses may spark household conflict.
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Asked on Reddit: Can I Justify an Expensive Hobby?
On Reddit, a user recently asked if spending money on an expensive hobby can be justified.Sure, expensive hobbies may bring joy. But does it make sense to splurge on something like golf, sailing or world travel? What if that splurge…
·Missoula, United States
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Total News Sources20
Leaning Left2Leaning Right2Center5Last UpdatedBias Distribution56% Center
Bias Distribution
- 56% of the sources are Center
56% Center
L 22%
C 56%
R 22%
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