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<p>[QUOTE=&quot;AuldFartte, post: 7737663, member: 1869&quot;]I never had a specific budget for any hobby. My priorities about 50 years ago were my wife, my two kids, paying the mortgage, paying a car payment, paying for food and staple supplies, and there was usually something left for savings. </p><p><br /></p><p>In 1982 I was fortunate enough to be able to buy a business that I was good at, fire my former manager, and take over myself. I turned a losing business into a very profitable one in short order. </p><p><br /></p><p>I sold a bunch of my coin collection (and another collection of old Zippo lighters) to purchase a new Harley-Davidson after my wife, kids, etc. were taken care of. Riding was my new fun hobby.</p><p><br /></p><p>I am now retired, and my wife passed 7 years ago, my kids are grown, but sometimes need some financial assistance due to losing a job to downsizing, etc. Now my home is paid for, my car is paid for, I have some savings, investments, and SS. I try now to limit my coin collecting to fewer purchases but better quality stuff.&nbsp; I am also limiting my purchases to three sets of coins: US Type Set, British Victorian Type Set, and pre-decimal English shillings from 1970 backward to as early as I can get. I am going to sell the accumulation of all other coins and get back into photography, another of my hobbies that I took a long break from. That will at least get me out of the house. I will still attend as many Albuquerque Coin Club shows as possible. They always have 100 tables and some very good dealers/sellers there. </p><p><br /></p><p>So, my early days of coin collecting were a huge mistake. These days I collect in a much more manageable fashion. My simple advice? Try as hard as you can to make a rule to NOT impulse buy. It works to your financial advantage.[/QUOTE]</p><p><br /></p>

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