This is an interesting and thought provoking thread

I have the time for cycling, but not the money.
Medically retired from my career and on no benefits, I had to save really hard (selling unwanted items and saving) to raise the money to buy my Specialized 29er.
It is a lovely bike and puts a smile on my face every time I ride it!
Last month I sold an unused camera and had money left over...I was keen on getting a hybrid for shopping etc.
I felt guilty about even thinking about spending the money on myself (even though it was my money!) but my husband said he could see how happy cycling made me, and how much of a positive effect it was having on my health.
So I bought my Dawes hybrid.
Cycling has had such a positive effect on my mental health - I think it would have been the same with a second hand £80 bike, or my brand new £500 bike, but I went for what I really wanted and was encouraged to do so.
I couldn't be happier!
Bottom line? Do what makes you happy.