"found money" what to do?

[vanfunk]

OK, this is real. This is not a test.
I will be coming into a fair amount of money in about a week. The exact amount is not known to me, but it will be in the neighborhood of $2000. I have 3 choices:

1) Bank it.
2) Use it for debt payments.
3) buy a rifle or handgun.

Assuming I do the responsible thing and buy a firearm



or firearms

what should I get?

I have: A Glock 23, SIG P220, various GI and commercial Colt 1911A1's, Bushmaster AR, DSA SA 58, M1A, Winchester Garand (a WIN-13) Inland GI M1 carbine, Saiga AK, Russian capture 98 k, all manner of Weatherby bolt actions up to .460 WM, and, the piece de resistence, Thos. Bland and Sons .470 double rifle.

What do you suggest I add to my collection?
Thanks!
vanfunk

 

[COHIBA]

i think you should buy an Eagle/ Armalite AR10A4 w/ leupold VariXIII 4.5X14X40 tactical w/ a hard case. i think i saw one for sale on this site for $1400. that would leave enough cash for a glock , too.

 

[Betty]

Hmmmmmmmm..... I'd do all three in this order:

1. Pay my debts.
2. Bankroll some to collect interest.
3. Save some for fun money!

However much you allot for the three categories will really depend on the size of your debts and how much you already have in savings.

You can't go wrong with a Garand or M1 Carbine!

 

[spacemanspiff]

my attitude used to be that "found money" was to be spent on my vices. but now i'd rather spend it on my debt.
if i dont plan of having that money, it might as well go to something useful. besides, with your credit cards paid off, you can buy another gun!

but if you MUST spend it on a gun, why not buy a stock 1911 and customize it from the ground up?

or you could buy enough ammo for the next year. and in the offchance you want to donate some of that money to a charitable cause, i could use a case of .45 to break in my kimber that should be delivered in the next couple of days.

 

[Feanaro]

I would spend it on the debts. But since you are after firearms... how about a Desert Eagle? Or an AK-47? Or a... this list could get kinda long.

 

[Chris Rhines]

Paying off debt is the most important thing that you can do.

Beyond that, what kind of gun do you want? Is there a big gap in your arsenal, or is there a particular type of shooting you want to try out?

If the answers to both those questions are "No," then bank the cash. It's good to have a little around for emergencies.

- Chris

 

[cool45auto]

No Beretta? Oh you definetely need one of those!

 

[Phantom Warrior]

Go for the debts

Speaking as someone with some debts to pay off, I think it would be better to get them paid off now. Because you are paying interest on that debt every month. If it's something high-interest like a credit card, that money is going to add up fast. It won't be as fun, but you'll be free to spend _all_ of the money you get in the future and you'll have more money cuz you won't have thrown it down the rat hole called "interest."

 

[El Rojo]

Another vote for pay off the debts. Enjoy the guns and the ammo you have now. Once you are in the clear, then you can start buying again.

 

[VaughnT]

Do the math! Even if you have far more than $2000 in debt, using your windfall to pay that debt down will save you a ton of money in the long run by eliminating interest charges. Without knowing the rough figure of your debt, I can't calculate the interest or the average time til payoff, but I can say that you will be in a far better position next year or the year after that.

When you look at those numbers on paper, there really is only one choice. And speaking from personal experience, not being in debt is a great thing. I can go out, right now, and buy any gun I could want. I can do that because I don't have to worry about some minimum monthly payment coming up!

Pay off your debt!!!!:banghead:

 

[CGofMP]

Just enough to buy a Valtro .45 or a Nor-Cal Precision Rifle!!

*EVIL GRIN*

Seriously however I always suggest that debt be the first thing to go. Any money you pay down debt with is for all intents and purposes paying you the same interest that they are charging you for as long as you WOUDL have carried the debt.

Charles

 

[vanfunk]

OK, OK, you're right
I really should pay my credit card debt down

It's just that....
My local gunmonger has an H&K P7M8 right now...
I've had three of them, miss every one.
It's priced at $1150 LNIB

But, I AM paying off some medium interest (10%) credit card debt (from previous firearm impulse buys, of course ) and it'd be nice to take a big chunk outta that!

But, there's that P7... or the H&K 91 I've always wanted, to go with my collection of .308 battle rifles...

Maybe I can buy something semi-indulgent, like a nice '03 Springfield or a Krag...

Or a 9mm - Hey! I don't have any 9mm handguns right now! Browning Hi-Power anyone!...

See where I'm going with this?:banghead: :banghead: :banghead:

Thanks for your responses so far!
Keep 'em coming!
vanfunk

 

[Standing Wolf]

It took me 26 years to pay off all my Visa balances and pay off a car.

 

[MJRW]

Seriously, debt payment.

 

[10-Ring]

Pay off the debt! :banghead:

 

[blades67]

Buy the P7 and use the rest of the money on any debt.

 

[Dave Markowitz]

Pay off the debt so you can buy more guns in the long run.

If you ignore that advice, get a Sharps in .50-90.

 

[xsquid]

Wise decision to pay off your debt first. Besides $1150 for a P7M8 is on the high side

 

[Navy joe]

Spend 250 bucks on yourself somehow, buy a bunch of ammo or something gun related. The rest to the debt, you shouldn't have any of that.

Assess your current debt like this. How much per month are your interest and fees as expressed in boxes of your favorite ammo? If it is more easily expressed by the case or per gun you got serious issues.

 

[Pheonix]

Buy a reloading setup, cut up your credit cards, and pay $1750 of your debt.

 

[Kharn]

I'm with Phoenix and Navy Joe, pay those debts off with $1750 and order something small for yourself.

Kharn

 

[geegee]

What Navy joe said-pay off debt, then go buy some ammo. You could buy several hundred rounds of several calibers, then feel good about reducing your debt burden while building up the ammo pile.

Pay down the debt! geegee

 

[Owen]

pay the debt

 

[OkieGentleman]

Extra Money

This sounds like the old joke about the horse player complaining about his wife wasting all of his winnings on silly things like food and rent.

 

[556A2]

Pay off the debt, but if you get lost in the moment of gun goodness, go with a Hi-Power since you have 1911s.