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I'm trying to keep my LEGO budget responsible, too. A few things that have helped me this year to improve. First, a set monthly budget. Whether $25 or $100 the budget is set out from the beginning of the month and discussed with my wife, thus ensuring accountability. If I want to spend more I have to clear it with her and/or get rid of something I have.
Second, I've decided I'm not a collector, I'm a builder. I don't need everything. I can't get everything. So I'm focusing on certain themes and shifting the spending more to Bricklink piece orders.
Third, I have a space problem. I simply can't keep things sealed and collecting dust. This keeps me wary of buying too much.
Find out what aspect of LEGO applies most to you and focus on it. If it is building try to spend more time at the desk building and less in line at Target.
I too only wanted to collect Star Wars themed.
I havent branched into Kingdoms or Ninjago, but now have 3 Trains, Hogwarts, Imperial Flagship etc... and am eyeing up the POTC sets :(
Where there is a slight difference is that I think I have spent in the region of £3000!!
I have a 4yr old and a 2 month old so I too had convinced myself that they will love them when they get a bit older (the 4yr old loves the small sets already), but in reality that is an obscene amount of money for 'toys'.
I suppose I kinda fool myself into thinking they are also 'investments' but in reality if you are spending money you havent got its often gonna cost more money in the long run.
Thanks for the Tips Tervlon, think I will set a firm budget each month going forward.
So:
1) When you're still new to the hobby, you're more likely to buy more. It's still got that "new LEGO smell".
2) When you're surrounded by crazy AFOLs buying up MORE than you, you'll want to act similarly, and will likely buy more.
3) Try to remember that luckily for us, there are re-sellers. Back in the early 2000's, people started to catch on that LEGO is valuable on the collector's market, so if there's a set you want from 2000 to present, chances are good you can find a copy. It might be more expensive, but it'll be there waiting for you.
4) Learn which types of sets come out at what pace, and set yourself a budget accordingly. A lot of hobbyists set a budget, buy a ton, and then are totally caught off guard when a big set comes along (like the UCS Millennium Falcon) that they can't afford. So keep some of your budget in reserve for that set that you know you can't live without!
5) Sure, LEGO's an investment, but you can still live just fine without it. The difference between being "complete" and "not complete" is psychological-- try to ignore it (if that's contributing to your buying urges-- it was for me). Try to buy what you want, not what you need to be complete.
DaveE
The truth is this is a hobby and it provides entertainment and enjoyment. This is what disposable income is for. It's up to you whether you want to go to the movies, skydive, read a novel, play video games, go gambling, etc... or collect and build Lego. All of these activities require an investment of time and money and prove enjoyable activities to participants. It's up to you to decide where you would rather spend your free time and disposable income.
Now, if anyone finds that they are spending beyond their means or that quality of life suffers because of the time spent on Lego, then I would strongly recommend seeking help. That said, I think that despite all the comments of hurting their wallets and spending too much, most people probably have a healthy, only slightly obsessive relationship to the hobby.
Overall, the more honest you are to yourself and others about what you enjoy about the hobby, why you do it, and how much you spend on it in terms of time and money, the better off you'll be.
Where I DO have a serious problem is following the online community waaay too much: I sometimes spend 45 minutes doing nothing but checking up on all the latest LEGO news and deals, even though I probably won't buy anything the deals are talking about. Wait, does that make me a wannabe!? Drat! To steal a phrase from the Slythmonger from "Attack of the Clones" : I need to go home and re-think my life... :)
I'm a collector not a builder. The last set I opened and built was set 7566 Farmer. I consider this a hobby and I'm obsessed about. I love the hunt....whether it be store sales, online sales, or eBay auctions.....I like the deals.
Still, I'm enjoying the feeling of collecting LEGO again - I've missed it. I always maintain that LEGO is a timeless item - even if you grow out of it, these things never become useless. You can break them down and create new things and kids always love it. So in a sense, I'm not just building up my collection, I'm also providing my future kids with awesome stuff to enjoy.
Thankfully my girlfriend also supports my hobby and has actually surprised me with some gifts [bought me the AT-AT for Valentine's Day :O] which has spared my budget a bit of pain, but now with the new Alien Conquest/Star Wars sets looming, man...it's gonna be a fun year :D
That photo doesn't include my Star Wars, Sponge Bob, City Airport, and so on and so on. My Cafe Corner and Green Grocer are buried under nonsense. I could have done without the Fuel Truck, Camper, and more. But, because I used my money to fuel my OBSESSION I missed out on so many cool sets. The list to long to mention. Also, really try to stick to one or two lines. Bigger sets = a more satisfying collection. Just my opinion.
I don't collect like most people seem to here. There are very few sets that I buy to build as actual sets. I buy mostly for my inventory for MOC building. There are a few exceptions like the mod. buildings and the Medieval Market. I also have a handful of classic sets displayed because it takes me back to when I was a kid.
I came out of my last dark age about 8 months ago. I used to have a massive collection so I've been buying heavy on bricklink to try and get back to a point where I have enough to start working on some larger MOCs.
Brickset's ability to track sets you want is both a blessing and a curse! What is stopping my going overboard on the 'wants' purchases is actually a number of factors; my house is already cluttered, I have a 4 year old son and I like to 'share' the build of most of my purchases with him which is stopping me buying lots of Technic or the Modulars for example and my income has recently taken a hit. So I have resolved to do a number of things:
1) Never get in to debt buying LEGO (if I did I would have to sell sets or some other cherished possessions on eBay/BrickLink to get out of it - and I really don't want to do that!)
2) Sell some of the clutter in the house on eBay/Gumtree and then use those funds to buy LEGO. This is versus buying the LEGO now and thinking I'll sell the clutter later! ;-)
3) Only buy sets that I REALLY want*
4) Finally, I can see lots of sets due later this year that I really want and I need to make sure I am not all spent out before they are released! I need to be saving now...
* Actually I am about to break rule 3 with a speculative purchase of a set that is about to go OOP, that I am not at all keen on so I won't be tempted to open the box, and which I expect to rise in value significantly and I'll sell it within the year to fund another purchase.
I think this is one of my problems, I have done the same on a few sets, but if I am honest with myself I dont think I will let them go.
I have never had any interest in Trains, however I cant see me letting Emerald Knight go as it is such a lovely set and I know one day I will kick myself for selling it and have to pay double what I got for it.
I appreciate everyones thoughts on this, lots of good advice too. Cheers. Now got to find a way to turn down the Taj Mahal for £220. Wish me luck!
PS the answer to your emerald night problem is to buy lots of them, I have another one due tomorrow ;)
But yes, I believe collecting is a form of obsession.
But then again, so it love, so it's not necessarily a bad thing...
So long as youre getting real pleasure out of it rather than just satisfying your greed.
In toy story the toy collector guy is portrayed as a strange obsessive with no friends who sees the price he can get for things and never plays with them or seems to derive anything from them which gives him any real pleasure. A reminder of what not to become.
Over the years I have amassed several non-Lego collections, I used to sell at toy fairs as a hobby. What I do is sell stuff I am no longer interested in. I sell this on ebay and store money in my Paypal account then when I see something I like I draw from this account. I'd like to say my Lego was a self funding hobby but I regularly have a short fall of around £150 a month. Not as expensive as say smoking but just as additive :-)
Building sets, setting up minifigs, and sorting pieces really relaxes me. With a six week old son (future AFOL?) I need all the relaxing I can get! Though spare time is hard to come by these days. (I get more than my wife does though, so I shouldn't complain!) Can't wait for him to get into LEGO though.
I'm trying a new approach and so far it seems to be bringing my spending under control. First, keep a record of how much you spend on Lego each month. Second, be more picky about the sets you buy and plan based on the sets scheduled to be released (this avoids spending all your money and missing out on something awesome). And third, wait to buy new sets until there is a sale. If they have just come out, they'll be around for a while and unless it is a special set it isn't something that has to be bought right away.
That's what I'm trying anyway. I need to see how it goes with the new POTC sets, which I want really badly. I think it will take all my will power to walk by those in the store :(
though you guys are making me feel I can justify my spends far too easily.
I was feeling guilty about spending £150 on ebay after coming out of the dark ages!
I also spent about £200 on new sets too.
I'm weighing up buying 2 of things that I think will increase in price later (like the trains), so I can play and sell the other...does this work, or do you just end up with more lego and no room to store it??
BTW in answer to your other question about emerald night (thread got closed as i was about to reply wtf!) .. full details on motorising the emerald night here http://shop.lego.com/product/?p=10194&LangId=2057&ShipTo=UK
Some employ the method you mention -- simply buying a second copy of the sets they desire -- and many claim that it completely offsets the cost. Others scoop up any and all discounted LEGO they can find, since most sets appreciate, but it definitely takes a great amount of diligence.
Either way, there is never enough room :p
There are a lot of useful tips in the "Buying and Selling" category.
Enjoy yr new toy BTW (hint; if you have sky, check out their new programme guide app, its the best ipad app ive seen so far)
There's a winter toy shop and an advent calender in the loft from John Lewis's post xmas sale. I doubt I'll be able to resist the advent calender next december, but happily I have the toy shop (though at full price :-( ) so I'm pretty happy I can resist opening duplicates.
But I've already got 2 cupboards of random lego now! Hubby has said I can get the train if I sell some on ebay.
I've got a HP winged room complete, 7016 (http://www.brickset.com/detail/?Set=7016-1) complete, a 6477 with out the minifigs and 7131 with no instructions (and a couple of tiny bits missing - might replace those before selling).
Hopefully they would help towards a train. I figure around a tenner for each (perhaps not the fire engine as the new sets are so cheap at the mo...)