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Serious Question: How can I stop myself from buying coins?
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<p>[QUOTE="treylxapi47, post: 1799977, member: 41863"]This is my solution as I am having to make a similar shift. I have been spending quite a bit of my free money on coins lately and my current situation is dictating that its time for a slow down. This can be a little difficult as I search eBay multiple times daily via my iPhone so as to have first dibs at deals and previewing the coins. Well once you establish a habit that ingrained its often difficult to just stop what you are so used to doing. </p><p><br /></p><p>It also sounds like many of us suffer from the 'cant pass a deal up' mentality and will impulsively buy coins solely off of it appearing to be a good deal. I know I do. </p><p><br /></p><p>My solution has been to not give up coins completely or to really slow down for all that matter, but it is an exercise on control and in the end will have a much better result on my wallet than my current situation. </p><p><br /></p><p>My current buying habits are to simply fill my empty holes with whatever grabs my attention and is available on the market at the moment. This often results in me buying the $50-$150 coins. Sometimes higher, but not many times under that mark for any given coin. Plus I frequently am buying more than one coin at a time. So my spending habits are all over the place. </p><p><br /></p><p>My new plan has been to identify coins in my collection that are easily bought at $35 or less and are still needed to fill a hole. I am allowing myself to spend that $35 each week on coins, it can be one, 10, or none as long as it stays under $35. Meanwhile I am depositing $40 into the account that I use for PayPal that way I have an extra $250+ to spend at the end of the year on a very nice bonus coin. I will allow my self to save the $35 for the following week if I decide not to buy anything or would like something a little nicer, but if fail to spend the full $35.00 during each week the remaining balance gets rolled into the accruing bonus money. </p><p><br /></p><p>I'm hoping this exercise will teach me some restraint when it comes to buying coins and also help me hone some more accounting skills by having to keep track of balances and making deposits, etc. </p><p><br /></p><p>Also hoping to ease the all out assault on my wallet, I'm 26 and feel rushed to collect everything. I need to settle into a better, slower, more controlled groove.[/QUOTE]</p><p><br /></p>
[QUOTE="treylxapi47, post: 1799977, member: 41863"]This is my solution as I am having to make a similar shift. I have been spending quite a bit of my free money on coins lately and my current situation is dictating that its time for a slow down. This can be a little difficult as I search eBay multiple times daily via my iPhone so as to have first dibs at deals and previewing the coins. Well once you establish a habit that ingrained its often difficult to just stop what you are so used to doing. It also sounds like many of us suffer from the 'cant pass a deal up' mentality and will impulsively buy coins solely off of it appearing to be a good deal. I know I do. My solution has been to not give up coins completely or to really slow down for all that matter, but it is an exercise on control and in the end will have a much better result on my wallet than my current situation. My current buying habits are to simply fill my empty holes with whatever grabs my attention and is available on the market at the moment. This often results in me buying the $50-$150 coins. Sometimes higher, but not many times under that mark for any given coin. Plus I frequently am buying more than one coin at a time. So my spending habits are all over the place. My new plan has been to identify coins in my collection that are easily bought at $35 or less and are still needed to fill a hole. I am allowing myself to spend that $35 each week on coins, it can be one, 10, or none as long as it stays under $35. Meanwhile I am depositing $40 into the account that I use for PayPal that way I have an extra $250+ to spend at the end of the year on a very nice bonus coin. I will allow my self to save the $35 for the following week if I decide not to buy anything or would like something a little nicer, but if fail to spend the full $35.00 during each week the remaining balance gets rolled into the accruing bonus money. I'm hoping this exercise will teach me some restraint when it comes to buying coins and also help me hone some more accounting skills by having to keep track of balances and making deposits, etc. Also hoping to ease the all out assault on my wallet, I'm 26 and feel rushed to collect everything. I need to settle into a better, slower, more controlled groove.[/QUOTE]
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