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I'm running the new C2W scheme at work and I've specced up a *lot* of bikes for myself.
The truth is though that I have no reason to change my bike. It fits. Rides well. Makes me smile. After a period of upgrades there's nothing I'm not happy with, but as things wear out I'll obviously upgrade as I go.
So for now, do I just take up a new hobby on which to spend my bike fund? There seems no point in actually saving for a new bike if I can use a C2W scheme when the time comes.
To my new hobby. Does 'saving for the future' count, as that's what what my head is telling me? Or is life too short? 🤔
From my recent choices I'd go guitars or cameras.
Metal detecting.👍
I know it is boring, but I'd say yes - if you can save some money just now, get it in something that will earn a wee bit (wee bit is literally all it will do, but earning anything is better than not). I need to get some finances sorted out and try and get stuff on the right track...so for now, I'm saying go with the savings idea.
Running shoes are cheap compared to bikes and also need replacing regularly.
So instead of spending £2k on a new bike you spend £100 every 2 or 3 months. Gets you fit for cycling too. Win win.
Predictions of 15-20% unemployment coming in the next 6 months for some reason I can't quite fathom. Unless you are positive you are not going to be part of that fun time gang or doing the same you currently do for for less (less pay, more tax or the nirvana of both) - surely the rainy day fund is where the 'bike fund for the bike I don't need' money goes?
Running is my other release so I already have that covered 👍
Have tried guitar and I am seriously crap. Partly because my patience left me many years ago.
I like the *thought* of photography but I'm the person that bought a camcorder for a holiday in the noughties and got no use out of it. I'm one of those that can appreciate something that looks nice (across any medium) but am completely incapable of reproducing anything even vaguely similar.
So against my best intentions I guess it's back to the bike fund 😎
@dickbarton My bike fund already comes from side hustles that I've spent years building up. Some of which is siphoned in to savings, the rest of which is bike fund 👍
Drums. And cymbals. They can add up to a pretty penny if you go for pro-level gear. See my profile pic
Sports car or motorcycle.
@johndrummer See guitar above. Although I guess that making lots of very bad noise would be a good form of stress relief.
In the spirit of feeling ridiculously privileged to be in such a middle-class situation, I've decided to donate at least half of my monthly fund to charity.
I'm looking for ways to spend money that I don't need. Yes I could put it in to savings, but it's still a privileged situation to be in.
My neighbours will doubtless unknowingly thank me for the noise I could have created with guitars and drums 😁
Sadly I’m planning on “paying the mortgage” with my funds given work outlook! 🙄