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<p>[QUOTE="Paul M., post: 2499631, member: 73165"]Given the reference to living at home with parents and the rather low income, I don't think this is a possibility.</p><p><br /></p><p>But, I would take the opportunity to start saving early. If you make $1200/month and live at home, you can easily put away $500/month. Just do it and resist all temptation to touch the money. Once you have $2000 in the bank, you will literally be ahead of most Americans in terms of savings.</p><p><br /></p><p>But, don't stop there! Once you have $2000 or 3 months' worth of expenses in the bank, whichever is greater, you can start an IRA and watch your savings grow to support you in your later years. Some of that money could even be your future coin money. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie2" alt=";)" unselectable="on" unselectable="on" /></p><p><br /></p><p>Make sure you have a budget, too. Not just for coins, but for everything you have to pay, and additional savings for things you are going to need to buy in the future. For instance, you may need to buy a car or something, so establish a category for that. Coins come under the "entertainment" category, in case you were wondering. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie2" alt=";)" unselectable="on" unselectable="on" /></p><p><br /></p><p>You can learn a lot cheaply or for free by going to coin shows, looking at coins, talking to dealers and other collectors, and with a few introductory books. I'm glad you're resisting the urge to buy coins right away. Take a little time to find an interest and start learning, then start collecting. It could be world coins, or Lincoln cents 1959-1982, or Franklin halves, or ancient coins, or whatever (just to name a few rather accessible areas you could look into). Don't let others fool you, either: the numismatic world didn't end in 1964! Clad coinage is a perfectly fine thing to collect, and there's plenty to learn about and discover.</p><p><br /></p><p>Whatever you do, have fun, meet people, learn things, be aware you're going to make some mistakes, and don't worry about it. Learn to spot cleaned, altered, and fake coins. Don't spend too much money in the beginning and your lessons will be cheaper. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>
[QUOTE="Paul M., post: 2499631, member: 73165"]Given the reference to living at home with parents and the rather low income, I don't think this is a possibility. But, I would take the opportunity to start saving early. If you make $1200/month and live at home, you can easily put away $500/month. Just do it and resist all temptation to touch the money. Once you have $2000 in the bank, you will literally be ahead of most Americans in terms of savings. But, don't stop there! Once you have $2000 or 3 months' worth of expenses in the bank, whichever is greater, you can start an IRA and watch your savings grow to support you in your later years. Some of that money could even be your future coin money. ;) Make sure you have a budget, too. Not just for coins, but for everything you have to pay, and additional savings for things you are going to need to buy in the future. For instance, you may need to buy a car or something, so establish a category for that. Coins come under the "entertainment" category, in case you were wondering. ;) You can learn a lot cheaply or for free by going to coin shows, looking at coins, talking to dealers and other collectors, and with a few introductory books. I'm glad you're resisting the urge to buy coins right away. Take a little time to find an interest and start learning, then start collecting. It could be world coins, or Lincoln cents 1959-1982, or Franklin halves, or ancient coins, or whatever (just to name a few rather accessible areas you could look into). Don't let others fool you, either: the numismatic world didn't end in 1964! Clad coinage is a perfectly fine thing to collect, and there's plenty to learn about and discover. Whatever you do, have fun, meet people, learn things, be aware you're going to make some mistakes, and don't worry about it. Learn to spot cleaned, altered, and fake coins. Don't spend too much money in the beginning and your lessons will be cheaper. :)[/QUOTE]
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