How Much is Too Much to Spend on Your Blog?

I have a question for all the bloggers out there. How much is too much to spend on your blog?

As a student I have very little disposable income, so investing money into my blog isn't really much of an option right now. Sure I've hosted a giveaway or two where I paid for the book that was the prize. But that's only a rare thing, I definitely couldn't host a giveaway every week, however much I'd love to.

Giveaways do seem to be the cheapest way to invest in your blog though. I'd love to some day move to self hosted Wordpress, but it seems quite expensive. From the research I've done, it seems like the costs can all add up very quickly. $10 for the domain and $56-$100 for hosting aren't exactly cheap. Especially when you factor in all the other costs. If I wanted to move to self hosted Wordpress, I'd need help transferring my blog from Blogger. That's another $50 at least. Then of course I'd absolutely have to get the Ultimate Book Blogger Pluggin, that's another $35 for that. While it might not seem like an exorbitant amount when added together, is it too much to spend on a blog? 

At the moment I'm considering paying for a new theme. I'm not a huge fan of the free one I am using at the moment, but I can't bring myself to spend the money to buy a new theme. I'm currently looking at pre-made themes for $35  which seems to be cheaper than a lot of other pre-made blogger designs which average around $50. But whenever I think of going ahead and buying it, I just can't. Am I being silly spending money on a blog? Is it a complete waste? I could be spending that money on books! These thoughts go through my mind constantly and I'm wondering do other bloggers think the same?

I can't even think of getting a custom design! The designer I'm currently looking at (basically just drooling over their designs) for a custom design has prices ranging from $100 to $270 for a Blogger custom design. I don't think I could ever rationalise spending that much on a blog, unless I had a lot of money lying around! 

My ultimate goal would be to move to self hosted Wordpress with a custom design. The same designer I mentioned above charges between $240 and $570(!!!) for a custom self hosted Wordpress design. 

What this all boils down to is, how much is too much to spend on your blog? For a lot of bloggers, paying to host a giveaway might be too much, whereas with others, having a custom design on self hosted Wordpress is well worth the expense. I'd love to know what you think! Let me know in the comments below!
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