Ever have to spend your gun money on emergencys?

[gspn]

Sounds like you need to save up two grand...then consider that your minimum reserve fund. After you have the two grand saved up...then start viewing money over that amount as your "gun money".

Always have a cash cushion to soak up unexpected hits...always.

 

[gunlaw]

I have made more than one visit to Ye Olde Pawn Shop with an M1 that made the pawn broker drool. Always got it out when the finances turned around. The point is that if you buy higher end firearms they can be an emergency line of credit. Kinda like a credit card you can shoot.

 

[Lycidas Janwor]

it's good to know that guns can be liquidated for cash in emergency situations, that right there should tell you the value of your gun collection. I've been blessed by the Good Lord to never have had to sell off any of my collection to pay for an unforeseen expense. I'm debt free which helps tremendously too. That being said, my income is not where I'd like it to be so I'm very careful about where my $ goes and IF I do want to spend extra cash on something, well, it's guns and or ammo.

 

[Deanimator]

Thursday; the heater core on my car rotted out, causing it to overheat.

That money (and the lost day's wages) would have bought me BOTH an RIA compact to replace the Norinco M1911 I had to sell in December to pay my rent, AND a Tokina 100mm macro lens for my camera.

That's the second or third time something like that's happened in the past couple of years.

 

[Jason_W]

Many times.

Most recently, I sold all my guns and reloading stuff to help fund a move to California so my wife could take a promotion with her employer. I figured, "I'm sure that an educated, reliable, and hardworking guy like me will be able to get a decent job and buy a new collection in no time."

Nope!

 

[jmace57]

I just sent a check to my daughter for $20,000 for her upcoming wedding. It is not a coincidence that I sold 5 pistols last week, and have 23 more on GunBroker right now.

 

[rcmodel]

$20,000 for her upcoming wedding

$20 grand for one half of a wedding???
Seriously?

My wedding cost about $50 bucks, and half that was to pay the preacher.
The other half was for gas to take my BIL halfway across Kansas to his next Army duty station on our honeymoon trip!

A cheap wedding worked out OK, as I am now into 49 years of marriage.

Seriously, any new couple could use $20 grand to pay down the house payment or something more important then a 'Fairy Princess Wedding', that lasts an hour, and is totally forgotten by all involved a month later!!!

Anyway, all the luck to your daughter & new hubby.
But myself, the guns you sold to pay for your half of a $40 grand wedding?.

No Way In Heck Man!!!!!

rc

 

[HoploDad]

I feel your pain! The perfect specimen of a gun I've been yearning for is on GB and the auction ends tomorrow, no reserve, great condition, this model rarely comes up... and I'm on a job search. Sigh. Patience is a virtue, and it helps to remind myself I have not exactly worn out the guns now sitting in my safe.

 

[happygeek]

$20 grand for one half of a wedding???
Seriously?

My wedding cost about $50 bucks, and half that was to pay the preacher.

+1, I think mine was ~$100 tops. Heck the ring was $350. I've never understood this cultural thing about going head over heels into debt and/or blowing all the savings at the very start of a marriage.

I haven't had any 'gun money' in awhile due to playing catch up on savings & investments. Wish I had started sooner.

 

[CWL]

I didn't see him saying it was for "half" of the wedding. Traditionally, the bride's side is supposed to pay for the whole she-bang! So would $20k for a whole wedding be better?

 

[tarosean]

I've never understood this cultural thing about going head over heels into debt and/or blowing all the savings at the very start of a marriage.

I did that on my first wedding... learned my lesson the second go round.... lol




To answer the OP's question... Of course. Just had a new diesel engine put in my dually last month.

 

[1SOW]

rcmodel +another with 49 years married this December.
We eloped. I bought her a real diamond 6 years later.
I enlisted in the military that year.
WE never sold anything to pay for anything, and it wasn't luck.

 

[Omaha-BeenGlockin]

My income has been going down a couple thousand every year for the last 3 or 4 years due to belt tightening by the company from the poor economy.

So my collection has gone from Citori's to pumps---European pistols to Rugers ect... ---you get the picture---still a well rounded lineup but nothing near the dollar value as before.

The car just got paid off and I switched jobs to one that has "boo coo" overtime---so I'll be picking up a few new toys but I doubt it will ever be like before since I've also become accustomed to doing more with less.

I've always managed to make my bills one way or the other---legally

I doubt I'll ever buy a new car again and will be buying used cars for cash---and have become a firm believer that the ONLY thing you buy on credit is a house and will continue to wear Walmart clothes. Not to mention dumping Verizon and going to a prepaid no contract phone---dumping cable to streaming on a Roku and loading up the 401k to cut taxes.

 

[cat_IT_guy]

I just sent a check to my daughter for $20,000 for her upcoming wedding.

Ouch. I dont have a daughter. If I am blessed with one and when wedding time rolls around, I'll write her a check for the going rate on a decent wedding. It will be up to her if she wants to spend it on a fancy wedding and blow it in a night, or have a modest ceremony and a bunch of money left over to invest or use as a down payment on a house. I will judge my success in teaching her financial priorities based on which she chooses.

 

[Manny]

Not for me, so far at least, but for my best friend. He moved out of state and after a years time had his whole world go to hell in 2007/2008 when the economy was utterly in the tank. When he finally 'fessed up to living in his car in a WalMart parking lot I sold off all the safe queens I had and sent him the money. It got him past the worst of it and carried him far enough to make a new start. And I have never missed a single one of those guns.

I will admit to being thankful that I didn't have to delve into selling my working guns though.

 

[Fleetman]

Yep, I sold an 870 20ga so my daughter could get braces started and the next year sold a Parker-Hale 1200 .30-06 to pay rent. I hope I never have to do that again but looking around, there's stuff other than firearms that could go.

Although I've replaced the Wingmaster I've never found another PH that could replace what I had....bummer!

 

[Zeke/PA]

My kid's mommy has taken care of our finances since day1! Home projects are well financed and cheerfully so!
Guns ?? I need another gun like I need a case of Bubonic Plague so I'm able to trade/barter for new toys. I have a secret stash that helps.
All in all I'm content with the stuff that I shoot on a weekly basis.

 

[r mac]

Seems like every other year I have to put surgery for the wife or one of the boys on a credit card until the yearly gun auction. Looks like braces are next. I look at it as a way to try different guns and call it rebuilding my collection.

 

[Zach S]

Had to SELL all my guns at one point to pay bills. That will NEVER happen again. Will do without other stuff before I sell them off again. Took me 10 years to get a good collection back.

Have gone through the same thing over the last two years. Most were purchased before my first marriage.

The last time I sold a gun, it was a Series I Kimber I purchased as a spare in case my EDC went down, got stolen, logged into evidence... I told her it was the last.

Then I lost my job, took another that pays half. I haven't had to sell any more. But we've separated...

 

[Ditchtiger]

Sold a replica Colt Walker and the next day the washer went belly up.
Did not want my wife pounding clothes clean on river rocks so we ended up with a new washer.

 

[george burns]

Funny that right after I wrote this, I had almost 2,500 put away and the sprinkler pump and motor went 2 days ago, followed by a 1500 dollar accountants bill, "I file an extension", so here it goes again. I just couldn't buy the VP9 that my LGS had, "1 left" today @ 625 cash. I called and told him to forget about it, and he said I will put it aside for a few days, now I feel guilty.
My wife wants a few things that she deserves for still working while I retired several years ago with a bad back.
So I would have to sneak the gun in, and I just am not good at things like that. I also take care of my mom who is well into her 90's and homebound, so I don't feel that guilty, I really can't lie well at all so I stopped trying.
If she doesn't ask, now that's another story. Mom is fun, she forgets everything 5 minutes after I tell her.
The price on the H&K is good for a LGS, which never happens with this store.

 

[sirgilligan]

All the time. I had to sell this:



Keep your priorities straight and do what you have to do. The time will come you can either get something like it again or you may find that you don't even want it anymore.

 

[Sport45]

I don't have any dedicated "gun money." Gun-related purchases come after all the other required expenses are taken care of.

Same here. Surplus funds may be used for guns, but they may just as well go into vacations or whatever else we may want. I don't set aside anything specifically for firearms related purchases.

 

[lxd55]

I feel your pain! The perfect specimen of a gun I've been yearning for is on GB and the auction ends tomorrow, no reserve, great condition, this model rarely comes up... and I'm on a job search. Sigh. Patience is a virtue, and it helps to remind myself I have not exactly worn out the guns now sitting in my safe.

have a link so we can look?

 

[Zeke/PA]

After reading these post I suddenly realized how fortunate I am!