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I know I’m not the only person in the world that has a few collections. Whether it’s vinyl, trainers, or stamps, the collector is a proud owner who can’t stop searching for more. Funding this ‘habit’ isn’t always easy. Of course, some things are cheaper to collect than others. I’m glad I don’t have a Ferrari habit like California’s David Lee! Still, collections that become sizeable got that way thanks to a lot of cash spend. So how can you do it?

 

Sell It

Selling something to pay for the next addition to your collection is one way to do it. Perhaps you might call it ‘swapsies’ or ‘sacrifice.' Still, letting go of something from your prized possession is always going to be hard. You might have to do it in order to downsize your collection and fit in something that is bigger or more valuable. It’s always going to be tough to do and emotionally gut-wrenching.

 

Earn It

Getting a second job to fund your collecting habit could be a viable option if you don’t have family commitments. The trouble is, you’ll be cutting into your hobby time to work. Still, if all your regular wages have to go on the boring things in life like rent and electric bills, then this may be one of the best options. If you’re a good speaker, you might be able to start earning money from your collection by holding webinars or talks about your subject. If you know enough about the origin of it all and why your collection is extraordinary, you might be able to charge people for tickets to see it.

 

Borrow It

Borrowing money is something most of us want to avoid. The trouble with collecting is the panic factor. When you see something at a boot sale or on eBay, you can’t wait to save. You have to grab it while you see because it will be gone pretty quickly. There are credit cards that offer a very low rate to spread the repayments of your purchase. Something like this cash flow credit card can be applied for here. You could also try the bank of mum and dad, but be wary of getting yourself into debts you can’t afford to repay.

 

Save It

If you have a habit, you need to budget for it. Keep your other costs of living to a minimum, and start to put away a little bit of cash each month. This may not help with any purchase opportunity that comes up today. But in the long term, you’ll have a little pot of money that you can dip into to buy the next thing on your list.

 

Change It

If collecting is in your blood, you don’t have to quit the habit. Of course, it might be cheaper if you collect something else, though! It’s human nature to want to collect things. The less you pay, the more you can collect. Instead of high-end, go for something a little less valuable. What’s in your favourite collection?

Chiino
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