Back at the start of summer, I went on a three week shopping spree to help cope with end of the school year duties and my best friend moving to Oregon.
Now I'm not talking about the kind of shopping spree that has left me with a huge stack of credit card bills. I already experienced that back in the 90's and trust me... the only debt I want is my monthly mortgage.
It was however a very eye opening experience, because I started to reflect on my current hobby expenses, the direction I want to go with my collection, and most importantly... my future finances.
My number one priority is to save up and purchase an investment property within the next few years. That means huge budget cutbacks in regards to card collecting are effective immediately.
I've already cut back my hobby spending since I returned from Portland and Las Vegas. Although two weeks ago... I couldn't pass up this Rickey Henderson card:
2013 Topps Five Star Autographs #FSBA-RH
Sadly... I probably won't be adding any new Rickey Henderson autographs to my collection in the near future. But that's okay. We all have to have our priorities in life.
This doesn't mean I'm going to pack up and leave the hobby. I'm still going to collect. It just means changes are in store and I'm going to be more conscientious about making purchases.
I kicked things off by deleting more than 70% of my saved eBay searches. The less auctions I bid on... the less money I spend. I have also decided to reduce my monthly card budget to $50. This should prove quite challenging... however it's a necessity.
The good news is that I've been actively adding to my collection non-stop for the past nine years. It's time to sift through my non-PC stuff and decide on what I want to keep and what I can sell to help supplement this budget.
I also decided months ago to focus on quality over quantity... so I think I'll try to target one or two nice cards each month, instead of fifty $1 cards.
As for the blog... my finances shouldn't really affect things. Like I said... I've been collecting non-stop for nearly ten years, so I should have enough cards laying around to keep myself and you guys interested.
Well that's it for now. Let the changes begin...
Happy Wednesday and sayonara!