I'm soooo guilty of this. I knit, crochet, spin and weave + quilt/sew. I can fill pages on here of things I've tried over the years.
I've reached a point now in my life, close to retirement, that I've consciously pared down things to allow me more quilting time (funds). It was hard but worth it!
Good luck, it isn't easy to turn down goodies like that loom!