Do You Have A Coin Budget ?

My budget is simple. I open numerous savings and checking accounts in numerous banks. I have one for each different type of situation and also for special request like rolls of coins I just say yes I have an account here. One of those accounts is for coins only. If it gets to low so that I may have to pay a fine or something, so ends buying coins.

I spend a third of the money in my Paypal account. I sell LEGO via the net and bank two-thirds and spend the other third. Doing it this way is real fun because you never know just what you can get. I might get a $300 order or might get a $5 one--you never know.

I used to set aside $50 a pay check but that didn't work to well...i'd spend too much regardless, "borrow" from next pay check, etc etc. I like the LEGO way best!

--Gary

I budget about $40 a week but usually save it to buy big purchases !

I try to utilize about $30 a week for my budget.

If I had a coin budget like that, I'd be in some major debt.

Since I am 16 I do not have to pay living expenses so any money I get I am free to spend it on coins! One week I might buy a slabbed coin for $80. and the next week a few silver bullion coins or some Wheaties for $15. After I bought my prized 1793 Half Cent at the 08 coinshow in Orlando I didn't buy coins for several weeks! Often I will sell coins for a little extra scratch. -PP

I save money here and there, occasionally sell things and then sometimes do extra well at work. That money usually goes with me to shows. If I've managed to put more away than I thought I could, then I will fix a show budget. Feeling guilty about going overboard would reduce my enjoyment of the hobby. Plus, taking time to get something of high quality and semi-rare makes the reward that much greater for me.