When you've already blown your budget, is it easier or harder to spend a little more?

jonathanb

In the past week, I made my single largest purchase in more than a year. By this time next week, it's entirely possible that I will have spent as much in the previous two weeks as I've spent in the entire year leading up to this point.

In other words, I'm spending way too much money.

So when I look at an item on eBay that I think I can win for $15, do I not bid because I'm already spending way too much money, or do I bid anyway because an extra $15 is just a drop in the bucket compared to everything else?

Type2

Bid, but do it last sec. or you will be out bidded and it will coust more $$$$. You can sell some junk silver to pay for it.

UtahCoin

Budget? What budget.

Coxe

Budget? We don't need no stinking budget.

Zoins

Talk to me about passion!

Some of the things I collect don't come up that often so I need to make sure I'm prepared. If I've just made a sizable purchase for one of my primary collections, I'll probably hold off on things that don't fit for a while. It becomes a tougher call when something else comes up that is also not always available and fits into one of my primary collections.

notwilight

A fool and his money are soon parted, but memories of the orgy will last a lifetime. Live it up.

GoldenEyeNumismatics

Unless it stresses you financially, live it up!

notwilight

<< <i><<UNLESS up! it live financially, you stresses>> The OP did mention that he's "spending way too much money". >>



He sounds like he's a coin collector.

Until he becomes a coin dealer he won't know what "spending too much money" is really all about.

--jerry

Coxe

<< <i>At the point where you feel like you're spending more that you expected or should be spending, you should only spend more if it's a coin that you know will not come around often. Just about any Morgan, Walker, Peace, Commem in ANY grade will always be available. There are tons of others I could add but you get the point. >>



Those are precisely the coins of note here. I go to a bourse and get low on cash, I alwats have in the back of my mind an immediate strategy as to how to buy a 1900-O gem DMPL that I notice happens to be an O/CC. You always have to know how to get the coin that you'll probably never have a shot at again, especially whren the hot represents a major cherrypick. Planning for something that never happens is way better than not planning for something that does.

beartracks42

when my coin budget starts getting low or takes a major hit, I usually start looking at what I have accumulated and begin seperating the "wheat from the chaff", for sales that restore the budget.

GAT

Simple solution, get your credit limit increased on your credit cards.