In today’s society, the topic of cannabis has become increasingly prevalent, not only for its medicinal benefits but also for recreational enjoyment. However, with the growing acceptance and availability of cannabis products, many individuals find themselves struggling to manage their spending on weed. This article aims to address the issue of weed budgets spiralling out of control and offers practical tips for responsible budgeting in the realm of cannabis consumption. We all want to smoke but we have to be mindful of what it is doing to our well-being and finances. To give you an idea. When I started smoking weed, we spent roughly R100 for the month on all the cannabis. Years later that evolved to a R400 expense. Today my monthly budget for cannabis is at R1600.
Issue of Weed Budgets
The surge in cannabis decriminalization and accessibility has led to a corresponding increase in its consumption. While this newfound freedom to enjoy cannabis is undoubtedly liberating for many, it also comes with financial implications. More and more individuals are finding that their weed budgets are stretching beyond their means, leading to financial strain and stress. When in reality the accessibility of cannabis that was budgeted for in the past is still there readily available. The market shift has caused issues for people. Making them feel as if they cannot “hang” with others because of the quality or variety of cannabis they have around them. Taking it too far, and hurting your pockets just for a better quality of cannabis isn’t always a better thing. Especially when you are overspending
Importance of Budgeting for Cannabis
Like any other aspect of life, it’s crucial to approach cannabis consumption with a mindful and responsible attitude. Treating cannabis expenses as you would any other life expense is paramount to maintaining financial stability. Whether it’s for medical purposes or recreational enjoyment, incorporating cannabis into your monthly budget ensures that you can indulge without jeopardizing your financial well-being. Have you ever tracked your cannabis spending? I am sure that you will be shocked by the number you are spending if you have not looked at it constructively.
Determining Your Income and Expenses
The first step in crafting a weed budget is understanding your financial situation. Assess your income sources, whether it’s a steady paycheck or freelance gigs, and calculate your existing expenses. This blog never existed to give financial advice, but it is going to help you create a better relationship with cannabis too. So consider working out the numbers. Can you afford that R120 a gram of cannabis or are you supposed to spend R120 on cannabis in total?
Prioritizing Cannabis Spending
For medical marijuana patients, cannabis purchases are akin to any other prescribed medicine and should be prioritized accordingly. However, for recreational users, cannabis spending may fall into the category of non-necessities, alongside other leisure activities like trips to the movies or subscription services. In most stoner households. Cannabis is the first expense sorted. Which leads to it running out first in the house and having to be replaced. Are you a medical user or a recreational? Does this intense requirement for cannabis exist in your life? Does your bank account feel the same way you do? Think about this.
Quality vs Quantity Struggle
This is the hardest thing for most who have a tight budget in general. It is nearly impossible to find outstanding cannabis for a low price. So finding this balance for those with very little to spend on cannabis is difficult. What I recommend is to go for quantity instead of quality if that is the case. It is better to buy an R50 bag that can last 3 days than to spend it on 1g of greenhouse-grown cannabis that will be burnt in one sitting. Yes, the effects are not the same but the medicinal value is still there.
Setting Realistic Budgets
Once you’ve determined where cannabis fits into your budget, it’s essential to set realistic spending limits. Consider your income and existing expenses to establish a reasonable allocation for cannabis each week or month. Striking a balance between enjoyment and financial responsibility ensures that you can indulge in cannabis without overspending.
Keeping a close eye on your cannabis spending habits is key to staying within budget. Track your expenses regularly and compare them to your budgeted amount. If you find yourself consistently overspending, it may be time to reassess your habits and make necessary adjustments to bring your spending back in line. My approach to this is to ensure I only use a certain amount of grams a week. Every start of the week I ensure I have par levels. Because of this, I have tried to ensure that I do not smoke the allocated grammage out before the weekends. This in turn ensures that I underspend as only buying a full section a week will be equivalent to the budgeted amount.
Generosity and Accessory Spending
Be mindful of overspending on cannabis-related accessories or being overly generous when sharing with friends. Consider selling unused items or taking a break from collecting to save money. Setting boundaries. There is nothing worse than spending money on something you do not need. Take a break from buying the glass bowls… You already have 10 and only use 1… Buy nothing instead. Also, believe it or not. Your friends know you chip in the most always so there is never an issue for them to come to you. If you are truly ok with this. Consider budgeting for these types of occasions.
If you find that your budget is unrealistic or unsustainable, don’t be afraid to reevaluate and make changes. Identify areas where you can cut back on frivolous spending elsewhere to allocate more towards your cannabis budget. Finding a balance between necessities and non-necessities is essential for financial well-being.
Utilize tools like spreadsheets or budgeting apps to track your cannabis expenses effectively. Whether it’s Excel or Mint by Intuit, finding a method that works for you makes it easier to monitor your spending and make adjustments as needed. By staying diligent with tracking, you can ensure that your cannabis budget remains on track.
Staying True to Financial Goals
Remember the intention behind your budgeting efforts and let it guide you in staying on track. Whether it’s building savings, reducing unnecessary expenses, or simply maintaining financial stability, keeping your goals in mind helps you remain committed to responsible cannabis spending. Managing your weed budget is essential for maintaining financial health and well-being. By treating cannabis expenses like any other life expense, setting realistic budgets, and staying vigilant with tracking spending habits, you can enjoy cannabis responsibly without overspending. Remember, it’s all about finding balance and staying true to your financial goals.
Reach us on WhatsApp