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<p>[QUOTE=&quot;Razz, post: 3380590, member: 100526&quot;]This is a very smart question to ask at your age. You should only use discretionary cash to purchase anything related to a hobby. If you plan to go into the coin business then this might change how you spend for coins. Always pay yourself first if you have an income. What that means is put away a specific amount as savings. My grandfather told me to save 10% of everything I make and one day I would be a rich man. Savings now really means 401k, IRA, or other investment vehicles. </p><p><br /></p><p>Next comes living expenses then what is left is what you can spend on your hobbies and leisure. If you want to save for a big splurge that is not part of the original 10% (I have upped this to 15% personally) which is for your retirement.[/QUOTE]</p><p><br /></p>

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