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I was wondering what you did with your cash you get from scrapping. I consider my scrap cash as "found money" and as such I try to put it away for later. My poison of choice is PM's. This is my newest piece, because I did not have a Panda, but I am working towards a $20 St. Gauden.
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i spend on luxuries like lights, water, fuel, groceries etc
I try to save every bit I can........I have no retirement plan except for whatever money I can save..........I live cheap although I did splurge a little this summer went to the Smokey Mountains a couple of times once with the kids and twice with the wife.............LOL
Life.
when i am working out of the labors union i do the same as the op mentioned, i look at my scrap money as free money.. i will use it for some type of luxury, ill either buy some cool tools i dont have to have but i really want,,sometimes ill get my ole lady something nice or just something like a small trip for her and the kids,,,also there have been several times in the past that my step daughter has needed four wheeler tires or a phone and i will let her help me unload, load, and seperate then i will give her the money she needs plus some..
the reason for this is i usually only get items from work or ill pick things up on my way to and from work..this means i have nothing invested in this scrap, not even gas money...ive actually been on construction jobs and have been paid to take metal and lumber before....sometimes i even get to use there trucks, gas, and do it on the clock
at times like the present when im surviving by scraping and ebaying i use my scrap money as normal income,,you know lights , food, and tools i have to have
Whatever I want cuz the wife don't get my scrap money....;)
The dang credit card..
What money? I'm married!
Like MS I spend it on life. Wife ain't happy if no power. LOL
It also goes back into the business as I do this full time. I don't rely on free stuff. I get a lot free but I still pay out to. Once the responsible stuff is taken care of, I sock some away for our mini-vacation/road trips. Like Disney next year. Then I fill the cooler, an fill the cooler again..takes money to keep to it fed an full! Ice don't grow on tree's people! ;)
When I do *spending* money..it goes to dinner out with the wife, more charcoal, tools, the bit of gaming I do, etc.
I do a lot of free things to..like..hang out on the beach. Visit the sand dunes, go to the sound. Living on a sandbar is as expensive as you make it. I don't do movies out but rarely due to the cost. cheaper to go have a fancy meal somewhere then go to the movies these days. Redbox, Netflix, an the internet provide my movie fix.
Sirscrapalot - If everyone is thinking alike, then somebody isn't thinking. - George S. Patton
I run a tab with my yard and buy all the precious metal bearing stuff I can with any credit. Everything is reinvested to get high grade scrap.
It's a kind of mechanical alchemy, turning low grade steel and other metals into gold, silver and palladium eventually.
I dont sell anything non ferrous anyway, almost all gets made into ingots and hoarded away in the ingot rack.
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It's mostly on him but sometimes it's on this next guy or more scrap , I have also been known to buy groceries and gas
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Scrapping cash goes into what ever the wife wants. If anything is left over I buy tools, equipment, and supplies. I should be able to afford a screw driver next week. Next year the goal is to buy a crescent wrench. I know it is a lofty goal, but you need to set your goals high.
my answer truthfully.... i buy more computer lots to scrap/resell/refurb etc. each lot is bigger than the last. i get a lot for free but you know some of the creme de la creme doesn't come without cost. I am not big time, i work in my garage. i have a full time job and another side business, so i don't "need" to do this... i like to. eventually i will either buy as much gold and silver as i can, or pay off my house. or both, who knows? i don't plan that far ahead lol
Hi so far all my scrap money has gone back into machinery .The first purchase was a mapel 2hp wire stripper then a cordless grinder and sawsill.I was collecting so much scrap that the missus was getting p off with this all over the place so I had to buy a 20ft sea container and a metal drop saw.Now this is the most exciting purchase I just brought a ams 400 granulator witch will save time and make the most out of shipping as I have to sea frieght all my scrap nearly 3 thousand kilometers to the main land to sell.At this stage this shall be all I need for a while and it has all been paid for from scrap, maybe a pre shredder is all I need in the future.Ive still got about 12 tonne or so to strip and that will go on house renovations maybe a second story and balcony.This has only taken 2 years the home renos are a five year plan , well thats my goal any way so far so good.Happy scraping.
Last years money paid for our 7 day honeymoon to Cancun Mexico. :winner:
More scrap
When I was laid up it helped pay bills, now it goes toward a fishing trip for me and another vacation for both of us
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This.
Today it was cat food, I'm house sitting (mom's) on annual tour of America (S. Dakota - this week). My daughter is actually doing the sitting and I check on her. She has a good "real/natural" Dad, he and her for three years in a roll stay at my mom's house. This has become the best thing for "our daughter", she has learned both Dad's have become best friends. Dad #1 is not the evil man, that mom wanted him to be for unknown reasons. The Dad's have this thing wired and Mom needs to know only that daughter is a very happy teen. The Dad's have college fund covered, our daughter is going to be the person she want's to be. Mom only needs to learn how to be a mom, she never wanted to be a mom. So she is learning from my mom, who raised nine (making her pretty **** good Mom teacher).
Where do I spend my scrap money, all of it on my girls. Not on cats, they were going to get feed anyway! It's all about priorities and who is important to each of us. There is always a way to make life easier, it's called "work". Scrapping is just another way life can become easier if you work it!
THE bigburtchino is in SD? If you are anywhere near hwy 12, I'll buy you a beer. or 3.
Same here ;)Quote:
Originally Posted by NHscrapman
I just bought a new rifle AR10. I also buy some silver coins from time to time. To save some money for family vacations
Also pays for my hunting trips at the Of the year
Burt if PJ is buying have two for me!
;)
Sirscrapalot - I will soon have an army of quoters! MUAHAHAHAHAHAHA!! - Me...obviously. Who else could think up such a thing.
Quote:
Originally Posted by Sirscrapalot
Pitchers of beer it is! And I'm buying. Gonna need a DD. Patriot? Haha.
Depends. its kinda scattered with me lol. Usually I spend it on bills (food, gas, repairs, utilities) but always keep some aside for trips out with mom - out to eat, haircuts, shopping trips, coffee and ice cream. Other times it seems dad is calling me saying ''I'm outta gas!'' and I go fill up his cans. Next week I'm getting tires so there goes last weeks profits!
I don't splurge on anything other than necessities and some fun time with mom generally.
I have a bad craft beer habit - both buying and brewing. Much of my $ goes to that.
Gasoline, beer, rent, beer, vehicle maintainace, beer, gasoline. Prepaid phone card.
Life in general but usually try and buy more scrap with scrap money, along with one or two new tools/devices if required, do some maintenance on the truck/toys and just keep on truckin' hoping one day it will all pay off.
It covers a multitude of things for me. I try to keep the little drawer in the kitchen stocked with enough cash to pay the lawn guy. It of course pays for gas.
It helps feed my vaping hobby, but that pretty much pays for itself since I don't buy cigarettes any more.
Other than that, most of it goes back into making more money. Currently looking for a bigger, better and safer trailer. My current trailer has high walls, but it is too thin. The magnet at the yard can't dip into it and I usually have to unload the last layer by hand.
Good topic.
I just throw it in the money clip along with the rest of it.
I live within my means, even when my means get thin,
No need to specify this money is for that, that money is for this, etc.
half of mine goes towards my "I want to go to Vegas in December during the NFR" fund, the other half towards gold and silver as a hedge against inflation.
I hope to meet you there. The NFR, American Rodeo, and more horses tend to take all of my scrap funds.Quote:
Originally Posted by wayne1956
I used to spend it all on finely-made firearms. Tragically I lost all of them when my beloved boat "The Dock Holliday" capsized.
Luckily beer cans float...
The price for shred here is currently a nice $0/Ton, so what do I spend the money on? No clue- I'll let you know when it's worth hauling it in ;)
yeah matador, you are a bit isolated. Wyoming makes eastern SD look connected. When steel prices were up ad the Chinese buying scrap, do you think your yard shipped west along the I-80 or I-90 corridors to the Pacific? Or is there some end user on the West Coast that Wyoming scrap would furnish if they were busy...?
Right now , since im a rookie scrapper, I'm usuing the money for more tools and to fix up my ol' beater truck. I have a full time job outside of scrapping to pay for everything else I need.
Right now, all scrap proceeds are going into my wife’s business. She sells quilts made from recycled blue jeans. Also, her scrap metal t-shirts have been selling well, so soon, I can get back to buying tools and saving for a new-to-me Silverado.