May 29, 2020
This week, I’m talking about re-evaluating your spending priorities during COVID-19.
I spent the last couple days talking about those areas of spending that are most important to you as well as what matters least and what you would be wise to eliminate after COVID. Today, I’m talking about something you might not normally think about when you’re re-evaluating your spending during this time.
What are new categories of spending that you want to prioritize now and after COVID? Many people have returned to old, long forgotten hobbies or projects during this time of quarantine. Maybe you’ve re-discovered your love for reading, or gardening, or working on cars. Hobbies you never seemed to have time for before, but that have been a saving grace for your during this time of pandemic.
So if you’ve been fortunate enough to discover a new hobby or re-discover an old hobby, think about how you want to continue to allocate your time and your money to this new endeavor in the future.
Money spent on activities and hobbies that help bring joy and meaning to our lives are one of the best uses of your money. So if your hobby costs money, be sure that you carve out the necessary funds every week or month or year so you can continue with a hobby that brings you real satisfaction.
That’s it for today. Thanks for listening. My name is Ashley Micciche and this is the One Minute Retirement Tip.
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