Purpose for Scraping

[CHAINCHOMP]

just wondering, when you guys scrap, what do you do with the money you make? do you use it to buy groceries, gifts for holidays, deposit in it a special account, put it in a jar for a rainy day, invest in silver/gold with it, or anything of the like? just curious, keep it up and hh!

 

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[CHAINCHOMP]

oh, i almost forgot, i buy American Silver Eagles with my money i make...

 

[markmopar]

In my case, we're using the money to survive as the GF and I are both unemployed.

 

[hobo finds]

unemployed and it's my beer fund!

 

[Chug And Red]

The scrapping I do is to help out between paydays, Its amazing how much scrap metal is generated from 1 apartment complex 129 units 2 truck loads a month!!!

Not to mention tires thrown away in the dumpsters, If they are in good shape I get 5 to 10 dollers each for them HH Chug

 

[Frank1960]

being on a fixed income mine goes for gas and food

 

[clovis97]

What scrap money I get is applied to the mortgage or goes into our tiny little stock market account.

I've been working the Dave Ramsey plan for many years, and every penny I got from of scrap went towards debt that we had. We're down to just a mortgage right now.

I figured once that every $10 extra per month we could apply to some debt, like credit cards, would be worth $100 down the road in saved interest. There are some pretty neat debt calculators on the internet.

Most people I know would think that just a few bucks a month wouldn't make a difference on their debt or interest, but I know differently.

When we get the mortgage paid off, every dime I earn from scrapping will go into some sort of investment, most likely the stock market with very conservative, high yield dividend stocks for retirement.

 

[Emperor Findus Cladius]

The vast majority of mine has been going into 90% silver. I have $490 face I have purchased, along with 25 Peace dollars, 16 ASE's and (3) 1/4 ounce gold bullion. Some of it I purchased a couple of years ago at 11X face, so it has increased nicely.

 

[acevillav]

I squander the dough on food,heat and gas

 

[dumpdigger]

I have always kept mine seperate and invest it for something special. I've been doing the same thing for over 35 years. For the last 4 years I have been saving it for the wife and I to ride our bicycles across the US. If I have a goal it's easier for me to bend over and pick up the can on the way out of the store.

 

[mensite]

I just made 1200.00 dollars last week. Its like an extra payday. I bought a nice projector with my money

 

[hypoman]

Last time I went it was used for gas......I only took in cans that time. I use the other stuff to help with bills. I hate debt.

 

[cyberdan]

It's just part of my plan on paying for my daughter's college. Last week I thought is was 2 years down & 3 to go (no one can do it in 4 anymore) and this weekend she informed me after she graduates its two more at a speciality college.

So far the plan is working.

 

[SEANO]

Putting some into gas, but most into an account for a family trip, we fittingly call it "The Trip Account"

 

[Produce Guy]

Mine goes in a special account at my credit union,it has about $500 in it know,it took about 5-6 years to get this far.

 

[allen]

help pay for bills !