I always tally up my profits at the end of the month and put 50% of what i made into the account for scrap purchases. The other 50% gets divided about 8 different and goes to various savings funds.
The 50% i keep every month also pays for my gas, tools, etc.
I started scrapping as a way to supplement my income, hopefully to the point where scrapping pays all of my bills, fattens my savings, and maybe allows for new purchases. That way my normal paycheck gets banked and not touched at all.
Got a long way to go to reach all of my goals but so far we are up to paying for the wife's car payment, all our gas expenses, my family's monthly "goiing out" fund, and a utility bill here and there all with scrap money.
What to do with your money just depends on your situation and what your long term goals are. Absolutely save some of it. Scrappin' ain't easy, I would hate to see it all blown on things you can't account for.
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