How to Properly Set a CBD Budget in 2024
So many people yearn to see what cannabidiol (CBD) can do for them but hesitate because they think that maintaining a hemp routine will end up blowing their bank account. There’s a big misconception that in order to see results with CBD, we need to spend a lot of money and make sacrifices in order to afford it. Well, that simply isn’t necessarily the case. Setting an affordable CBD budget is actually quite easy if you know what to look for when shopping.
Does CBD Have to Be Expensive?
“Expensive” is a relative term based on a person’s personal budget, but at the end of the day, CBD is not the cheapest thing in the world, and nor is it the most expensive. The reason why some people may be surprised by how much cannabidiol products cost is because they don’t realize that producing cannabidiol is actually a costly process for manufacturers. A lot of raw hemp plant material goes into the extracts that are found in tinctures, edibles and the like. This, naturally, costs money to acquire.
But, at the same time, a lot of companies take advantage of beginners by charging way more for a CBD product than is necessary. Even we at Kingdom Harvest are often surprised by how much our competitors charge for products that aren’t superior to ours.
Should I Buy the Cheapest CBD I Can Find?
One way in which a person may try to save money is by simply finding a CBD product with the lowest price point. But, this will almost definitely lead to disappointment. If a CBD-based product is extremely low in price, it’s likely for a reason. Either there isn’t enough potency to yield desirable results, or the manufacturing methods are low in quality and yield a chemically unstable or non-bioavailable end result. Or, the ingredients in the formula may not be the kind of ingredients that you want to put into your body on a daily basis.
Why Should You Create an Affordable CBD Budget?
In essence, creating an affordable CBD budget is about ensuring that your use of CBD products is sustainable, responsible, and in line with your overall financial and wellness goals.
Reason #1: Financial Responsibility
CBD products can vary greatly in price, and without a budget, it's easy to overspend. A budget helps you monitor your expenses and ensures that your CBD purchases do not negatively impact your overall financial situation.
Reason #2: Consistent Usage
If you use CBD for health and wellness purposes, having a budget allows you to plan your purchases ahead of time, ensuring you have a consistent supply without unexpected interruptions due to financial constraints.
Reason #3: Quality Over Quantity
A budget encourages you to research and select high-quality CBD products that provide the best value for your money. It helps prevent impulsive purchases of potentially inferior or overpriced products.
Reason #4: Setting Priorities
A budget helps you prioritize your needs and wants. It ensures that your spending on CBD does not come at the expense of more essential expenses like food, rent, or healthcare.
Reason #5: Avoiding Unnecessary Consumption
Without a budget, you might be tempted to buy more CBD than you actually need. A budget helps prevent wastage and promotes more mindful consumption.
Reason #6: Long-term Planning
If you find CBD beneficial, you'll likely want to use it over the long term. A budget helps you plan for this long-term usage, ensuring you can afford it continuously without financial stress.
How to Properly Set an Affordable CBD Budget
By using these tips below, you can maintain a budget that allows you to take high-quality CBD products on a daily basis without having to make any serious sacrifices pertaining to your monthly spending.
Tip #1: Compare Prices
Before you do anything else, we recommend that you look around a bit to compare prices that different companies charge for basically the same CBD product. This way, you’ll be able to clearly identify companies that are overcharging for no good reason, and know the general range of prices in which specific types of products are available.
Tip #2: Sign Up for Mailing Lists, and Follow Your Favorite Company on Social Media
Once you find a hemp manufacturer that offers fair prices for their products, sign up to their mailing list and follow them on social media. Both of these avenues tend to give you exclusive access to promotions and special deals that aren’t made available to the general public, and this, undoubtedly, allows you to buy your favorite formulas while saving a nice amount of money.
Tip #3: Wait for Sales
Most CBD companies hold sales regularly throughout the year, especially around holidays. This is a good time to stock up on several months’ worth of CBD. Just keep in mind that purchasing more than several months’ worth of CBD can leave you with an expired product.
Tip #4: Don’t Assume You Need the Most Expensive Product
A lot of people wrongfully think that they need the most potent product right off the bat, but higher potency levels equal more money that must be spent. And ultimately, a lot of people can get the results that they’re looking for with a moderate potency level. As a beginner, you should start with what’s considered to be a standard milligram strength, which would be a 1000mg 30ml tincture or a gummy that has 25 milligrams of hemp per serving. Only after a few weeks of taking CBD regularly can you consider that you might need a stronger dose to get the results you want.
Tip #5: Join a Loyalty or Subscription Program
Some companies offer loyalty programs that provide you with some special offer after a certain amount of money has been spent, or a subscription program in which they’ll send you a new supply of your product each month at a discounted price.
How to Make CBD Last When on a Budget
If you're on a budget and want to make your CBD last longer, there are some key strategies you can consider in order to maximize its effectiveness and minimize waste.
Strategy #1: Start with a Lower Dosage
When using CBD products, it's often recommended to start with a lower dosage and gradually increase it until you find the right amount for your needs. This can help you avoid using more CBD than necessary.
Strategy #2: Choose High-Quality Products
As we mentioned earlier, invest in reputable CBD products that are known for their quality and purity. High-quality products may be more expensive upfront, but they often contain higher concentrations of CBD, meaning you can use less per dose.
Strategy #3: Experiment with Different Delivery Methods
There are various ways to consume and use CBD, including tinctures/oils, capsules, edibles, vapes, topicals, and more. Experiment with different methods to find out which one works best for you and delivers the most cost-effective results.
Strategy #4: Practice Microdosing
Instead of taking one large dose of CBD, consider dividing your daily dosage into smaller, more frequent doses. Microdosing can help you maintain a consistent level of CBD in your system while using less product.
Strategy #5: Stretch your CBD Oil
If you're using CBD oil, consider mixing it with a carrier oil (e.g., coconut oil or olive oil) to create a larger volume with the same amount of CBD. This can make it easier to measure smaller doses accurately.
Strategy #6: Monitor Your Usage
Keep a journal or use a tracking app to record your CBD consumption and its effects. This will help you understand how much CBD you actually need and whether adjustments are necessary.
Strategy #7: Buy in Bulk
Purchasing CBD products in larger quantities can often lead to cost savings. Just be sure to check the product's expiration date and storage recommendations to ensure its potency over time.
Strategy #8: Store your CBD Properly
Proper storage of CBD-infused products is essential to maintain their potency. Store them in a cool (at consistent room temperature), dark (away from direct sunlight) and dry place (away from humidity).