Monthly Budget

[Proudtoown]

What are people averaging for buying coins these days? Is the government sequester hitting anyone yet? As for me, I currently average about $1,000 a month in collectibles, some investment put aways, some just because I like. Lucky for me, the whole government thing nor wall street doesnt affect me or my monthly checks (retired military and VA disability). It would be interesting to see what people are planning and if they have cut back on purchases.

[Walkerfan]

I buy a nice coin every 4-6 months. I spend about 15K per year which averages out to 1250 a month.

[Houston Investor]

I have income from multiple sources - job in financial management, some pension income, and occasionally teaching evening accounting classes.

 

My savings goal currently is 20% of income with about half going to my coin business (which will be my full time post retirement occupation). I have taken tables at shows since 1990 and operate online. Generally at a show I will have one case full of nice certified coins and USM products then the other case contains US (certified) and world currency.

 

My goal is to buy coins and currency I have a good chance to do well with and move quickly in the near term. Consequently, I have to be selective in my buying.

 

 

[James_OldeTowne]

My budget is scaled way back over the last year, but not due to a shortage of funds - that's something I've always had to deal with ! Rather, it's more a shortage of time. I just don't seem to have much spare time at all these days to browse the bourse floor and find coins for my collection.

 

Luckily, this means my funds are going to pay off other bills .

[johnny9434]

i scaled way back as well due to job issues. hopefully one day it will get back to where it was ( right around $4,000 per year )

[mtnstyne]

This year it will be very scarce. Daughter starting college in the fall, probably moving in the summer...basically my budget is only how much I sell off I can reinvest.

[gmarguli]

No budget. I'm OK working with the "if there is something I like and I can afford it at the time it is for sale then I'll buy it" budget. Admittedly not the wisest way to collect, but it's rare I haven't been able to get what I wanted. Usually it's I have the cash, but there is nothing for sale that excites me.