Your Coin Budget

RichieB when you set up your office, you let me know...

I bet it will be the finest Dental Office with Coin Talk Radio and PM TV

RickieB

 

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A dentist office stocked with coin magazines playing Coin Chat Radio! Suddenly that root canal isn't sounding so bad.

 

Well, I went a bit overboard the last couple of months. I think it was August when I first started this collection, and today I value it at close to $1,500. Between coin shows, Ebay, US Mint and APMEX, I put together a pretty good collection.

I am now settling in to a budget of approximately $200 per month.

 

Yeah, have him put coin magazines in the office. Educate the patients prior to getting a cleaning or dental work about the wonders of coins. Just don't forget to tell them to ignore the price guide in the back of Coin World

 

My fundage is extremely low...I would wager a bet that of all the members of this forum I am probably the least "well off".

I currently get about 200 a YEAR for coins and currency purchases.

That is going to improve slightly next year (due to...hopefully...better management of money spent and a daily driver that is finally fixed and not going to be taking four digit chunks of money every three months like 2009!) and I plan to dedicate $25 a month to coins. Some months I will redirect coinage funds into another hobby, some months I will redirect some of the other hobbies' fundage into coins. (Like the months I go to a coin show)

I personally can't imagine ever spending into the three digits for a single coin, and as such my collection will always be low-end, and will never include gold, unless I can dig it up out of the ground...which I am not physically able to do...so...no gold!

 

No monthly source of income, only what I can get by flipping coins, really.
In a period of five months I might spend $500, in a period of 5 months I might spend $100...Just depends on the month, and what holidays are coming up, so I know how much money I'll be getting from the family...

 

Basically overtime is coin money.

 

Oh, we already know how sick you are Rickie! :kewl:

 

Well with the knee I feel like this
With the over spending..I feel like this

Is that what you had in mind my friend??


RickieB

 

I was thinking more like this.....[/url][/IMG]

 

I have given myself a $600 a month allowance. If something super special comes up I have to ask mama (wife):hug: for a loan. I got my 1922 no D cheap but over allowance. I called her and she knew what a deal it was and fronted me the rest. Gotta love an understanding wife. :goof:Or she could be plotting for half:goof:??? Gotta go think now

 

I set an annual budget for coins and then chart how I am doing on a monthly basis against my budget. Last time I checked the budget, the next time I am allowed to purchase a coin is sometime in 2018.:computer:

 

Budgets are easy, if its in my pocket its fair game at the coin show. I really have no budget, I find something that I like and have the cash, I buy it. Doesnt matter what it is, coins, guns, motorcycles or crazy trips.

As for Doug.. He is certainly not Jimmie Carter or Newt G. I met Doug this summer on one of my crazy trips, he is just a nice average Joe with a funny hat, and a 4 wheeler with a hemi in it. ( Ya Doug has a wild side ) BTW Doug, it was a nice visit, I enjoyed it. Gang, he is so far off the beaten path they have to pipe in sunlight!

 

That's what the 4WD is for.... that and the snow

 

:hug:

 

My budget is probably about $200-$300 a month. It depends on the coins I am targeting for the month & price for a grade I am interested in.

Currently I am in a world coin buying so its been reasonable.

 

I spend as much as I can on coins... Im the kinda guy who cant keep any money to save his life, so I either spend it on stupid things that go down in value (like cars, watches, guns, motorcycles, etc) or generally I try to stick it all into coins. This keeps me happy because im buying stuff, and keeps my bank account happy because if I need this money at any point its easy to go snag my coins from the bank and sell em. Plus I like hording stuff lol

 

Or two counties over. Cameron's pipes are blocked as well, not to mention they're about 20 years behind.

See ya in September, Doug!
Guy~

 

Nonexistant to small is my coin budget, I probably spend 50 bucks a month on average. When I go to a show every few months if I can I might splurge and spend $150.00 that day. The construction business is Dead so it's hard to spend anything at all. I am still trying to figure out how to save enough to make a large single coin purchase.

Tony