Does your collection have a salary cap?

[Robextend]

I had to go with "No, I don't have any specific limits".

Depending on the card, I might totally overspend in order to secure the purchase. For cards that are more common I try not to go over VCP/fair market value which I guess would be my limit per card. However, when I see something that I have been long after for my collection I don't have specific limits...because if I did, I would probably go over them all the time.

[bbcard1]

I really try to break even...no salary (will probably make an exception for the National) goes into my collection...I can spend anything I make on ebay, freelance writing...and I include my (modest) expense reimbursements in the collection pool. Also generally slide a bonus in there now and then. I would say it comes out to about 5% of my income. I work for my family, I make extra money for me is my general mantra. I will pay national expenses from the family budget. It is both ill and well defined.

[rdixon1208]

I buy my cards with my extra money. When I get paid I put a set amount into an account to pay bills. Then I put a set amount into an account as savings/investments. Once I've done that, I spend what's left on whatever I want. Sometimes it's cards...sometimes it's putting young girls through college.

[FUBAR]

i used to have my "manager" go all Hal McRae when i bought cards... i think that counts as a salary cap

http://www.youtube.com/watch?v=kamDqL-AGzI

[peterose4hof]

I'm with Section103, it seems wrong to tie your collectibles pucrhases/investments to your income. If anything it should be tied to your total worth.

That being said I have "No Limits" which goes over well with the wife

[abrahamrudy]

I don't have a limit. That's why I'm broke

[M's_Fan]

This poll is kind of like going to an AA meeting and asking if there are any alcoholics

[wrapperguy]

For cards that have been on the wantlist forever, I will overpay, for the T202 set I just started collecting, I will bide my time and get them for the right price. Desperation and impatience are stretching the collecting budget.

[Leon]

The, as of right now with me included, 80.95% that have no limits is very telling. You guys must be addicts or something...

[toppcat]

I probably spend around 5% of my take home on cards and another 5% on other stuff like the occasional concert and CD's, books, etc that I enjoy reading and listening to. I don't have all that many other interests outside the family so I guess I'm in the recommended range for non-billionaires! Plus a lot of my hobby fun is researching and writing so the $ spent are secondary.

I'd love to spend more on the hobby but I have two teens coming up on college so a lot of dough goes toward saving for that right now and I buy some items in lower grade than I would like as savings are a priority and my card tastes are somewhat esoteric and /or expensive in higher grades.

If I had unlimited funds I don't know what I would spend on cards as I think I would hit a point where I felt I should be giving equal amounts (or more) to charity instead of blowing it on cards as there is some major suffering in this world.

Just my opinion, everybody has their own take.

[Doug]

Originally Posted by Leon

The, as of right now with me included, 80.95% that have no limits is very telling. You guys must be addicts or something...

Maybe I should call the Dave Ramsey show tomorrow and see if he will send all Net54 board members through Financial Peace University as his guests.

my limit is what the markets says. i wont pay more than average for a card unless it is a killer card for my set. Even then I set a limit