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A friend called this morning. “There’s a garage sale near me where a guy is selling old comic books. They’re from the seventies. You might want to come take a look.”
I did want to take a look, though I knew it was dangerous business. One key to managing your money is to avoid temptation. It’s foolish to purposefully put yourself into a position where you’re likely to spend.
And yet I drove to the garage sale to look at the comics books.
I’ve collected comics since I was a boy. I used to collect the actual magazines, buying them at grocery stores and bookshops. I grew out of that in high school, and in 1989 I sold my entire collection for $100 to a comic book store near my university. I needed the money to take a girlfriend on an expensive date. (The collection I sold included many fine runs, including all of Miller Daredevil, most of the “new” X-Men, all of Marvel Star Wars — basically all the cool stuff from the late seventies and early eighties when I had been actively collecting.)
Most garage sale comics are woefully overpriced. People ask $5 for a common-as-dirt mid-nineties Batman, for example. Nobody’s going to pay that. But the garage sale I drove to today was different. The seller had two boxes of mid-seventies Marvel comics, all of which were priced at about $2 an issue.
He had Amazing Spider-Man from about 115-145. He had Fantastic Four from about 130-160. He had Incredible Hulk from about 180-200. He had various issues of Avengers, X-Men, Captain America, and Daredevil. There was a lot of great stuff here, and two years ago I would have offered $100 for as much as the seller would let me take.
I didn’t do that today. Today I leafed through both boxes, thanked the man, and left. Why? Two reasons:
- I no longer collect the comic magazines themselves. I collect comic compilations.
- I’m a better money manager than I was two years ago.
Would I have liked to purchase these comics? Absolutely. They would be great fun to read, especially since most won’t be collected in reprint volumes for another five or ten years, if ever. But I can’t keep up with the comics I buy currently. I’m thinking of cutting back to collecting only comic strip compilations. And there are other things I’d like buy with that money. (MacBook Pro, anyone?)
In the end, I only spent a few dollars in gas to drive to the sale and back: a victory for the new frugal J.D.
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September 9th, 2006 at 2:59 pm
This is a great post and motivation to all of us in our attempts to save money. The dreaded day for me is when my wife and I need things from Wal-Mart. We usually get by with just going to the grocery store for a few weeks at a time, but at least once a month we need to re-stock our supply from (dare I say it again?) Wal-Mart.
The problem, as I see it, with stores like this is that they get you on impulse buying. They tempt you every time you turn around, and it’s almost impossible to enter without coming home with something that wasn’t on your list.
The ironic thing is that we go to Wal-Mart to “save money” by buying stuff cheaper than we could somewhere else. In the end, we come home with a larger bill than we would have spent at a different store, but more stuff than we planned to buy.
Any thoughts on this dilemma?
September 9th, 2006 at 3:41 pm
One would suggest that you could purchase what ‘key’ books you could and resell them for a profit…. but one wouldn’t want to be the devil’s advocate for temptation.
September 9th, 2006 at 4:17 pm
If you had bought them could you have resold them quickly and for a profit?
September 9th, 2006 at 4:58 pm
Macbook Pro!!!
That’s always a nice image to have in the back of your mind when faced with financial temptation. Good choice.
I’m just trying to get on the Mac bandwagon, so I keep a Mac Mini in the back of my mind…
September 9th, 2006 at 5:40 pm
Regarding the Wal-Mart temptations: For us, it’s “the List, the List, the List”. You know what you need, and you write it down on a list. Follow it and if it ain’t on the list, you don’t buy it.
However, we (the Mrs and I) did come up with a slight variation that we occasionally use. We allocate some small amount (10 bucks each) for impulse buys. Then, the most damage we can do is 20 bucks, and we can budget for that as part of the shopping trip.
September 9th, 2006 at 7:34 pm
Good for you, jd!
We had a yard, er, kitchen sale (moved inside due to pouring rain) this morning, and by noon we had sold most of the high value items (books, CDs, DVDs, and yarn. Yes, yarn.)
For a brief time, I was very tempted to take a wad of the earnings and say, hey, let’s go out and get sushi! But then I realized the cash stuffed into the plastic container will pay:
1. 80% of the cost of the plane ticket ticket for my bro (he’s flying out from Philly to help us move)
OR
2. 37% of the fee for having Real Moving Professionals schlep our stuff from Town A to Town B.
OR
3. 15% of the plane ticket for my mother in law (who lives in Bolivia) to visit us.
So the cash will sit in the little plastic container until I can take it to the bank on Monday and we had a green salad for dinner. We did splurge on a bottle of San Pelligrino, though. $1.99.
September 9th, 2006 at 8:09 pm
My two cents on the Wal-Mart thing (or any shop)…this procedure has helped me a lot. It’s not failsafe but it has made a big difference. (I really like the idea of carrying a small amount of impulse cash, too.)
1. Like others have said, make a list and stick to it.
2. Estimate how much it will cost to buy the things on your list (looking at old recent receipts helps)
3. Round up the estimate by 5-10% and then take that amount in CASH into the store. Leave credit card at home and your debit card locked up in the car. Bring a note pad and pencil with you to keep track of the costs of items.
4. Use a hand basket instead of a shopping cart (if you can). The hand baskets actually hold a surprising amount of stuff (although you may have to carefullly pack things in there), but their size limits the amount of surplus items you can get and lugging that weight around will not encourage lingering in the store.
5. Keep a tally of the cost of the items in the basket. I will allow myself to go back to the car and get the debit card for two reasons:
a. the total cost of the items on the list is higher than you estimated (AND everything on the list is essential) and
b. you realize there are things you NEED that you forgot to put on the list
There’s a lot of impulse stuff that’s easy to ignore. The more difficult stuff for me is finding out that useful items are on sale and having to go through mental exercises to justify getting it or not. (Examples, a new drill or socks.) I make myself answer this question, “does the item I have still work? Is this something I would throw in the trash if I got a replacement? Do I have a need for this item right now or is it just something that might be handy in the future?” Each person has to answer those questions in their own way.
September 10th, 2006 at 8:29 am
I’d like those comics please. Reselling for a profit makes living frugal even easier.
September 10th, 2006 at 9:22 am
Good on you. You remind of my boyfriend and his love of the comics shop.
I can’t thank you enough for this blog, by the way. It’s the only thing that really inspired me to get my (previously terrible) financial situation together. Everything else I’ve ever read about finance seems to be written for People Who Have a Lot More Money Than Me and already know all the jargon. You don’t make my eyes glaze over! I’m actually excited about scrimping and saving. It’s truly miraculous.
September 10th, 2006 at 10:32 am
I’m not going to do it.
Yes, I could probably sell these at a profit, but not much of one. (The market for comics isn’t near what most people believe. These are in okay shape, but they’d really need to be in excellent shape to be collectible.)
The temptation rests heavy on my heart, though.
September 10th, 2006 at 11:00 am
congrats on not succumbing to the temptation!
December 20th, 2006 at 10:33 pm
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