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Purchases and Budgeting - 9/13/2009 12:21:15 PM   
Khamen

 

Posts: 5543
Joined: 3/31/2009
From: near Stonehenge, UK
Status: offline 		I hate it when you start to draw up the shortlist for your next round of purchases and always end up wildly over budget but don't want to drop anything from the list. The one I've just done up for September got madly out of hand and ended up at nearly 8 times the budget I set for the month!

Do people generally plan ahead/budget what they're going to buy or just go on impulse when they see something they fancy, or is on offer?

K,
Post #: 1
RE: Purchases and Budgeting - 9/13/2009 1:03:28 PM   
Serge Birbrair

 

Posts: 4057
Joined: 4/23/2006
From: Boca Raton, Florida
Status: offline 		Khamen, from my experience, after I started attending Brown bag tastings on regular basis, I only buy wines which I really liked and enjoyed, mailers and offers have zero influence on me now (as far as reds are concerned).
Not buying anymore on  futures helps too.


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tsk....

(in reply to Khamen)
Post #: 2
RE: Purchases and Budgeting - 9/13/2009 11:17:16 PM   
grafstrb

 

Posts: 8837
Joined: 11/6/2007
From: LAla land
Status: offline 		I almost always go to the store with a shopping list in hand. once at the store, I usually stick to the list and then add a couple more. Once I've done that, i try my best to put 2-3 bottles back on the shelf -- usually ones that the store has ample quantity of (so I know (hope) I can buy some next time I'm in). I've found that if I don't go into the shop with a list, I'll totally screw myself and spend waaay too much.

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Terroir is not a flavor.

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Post #: 3
RE: Purchases and Budgeting - 9/14/2009 12:57:28 AM   
Paul S

 

Posts: 3023
Joined: 1/15/2008
From: Singapore
Status: offline 		I budget... and then blow my budget most months. Just means that I have to keep tightening the belt in different areas.

(in reply to grafstrb)
Post #: 4
RE: Purchases and Budgeting - 9/14/2009 2:07:20 AM   
Colonel Lawrence

 

Posts: 7118
Joined: 4/24/2006
From: Arabia
Status: offline 		I'm struggling to find things to buy, so basically buy whatever fulfills the criteria - great wine at a great price - not so easy.
L.

(in reply to Khamen)
Post #: 5
RE: Purchases and Budgeting - 9/14/2009 3:39:00 AM   
pjaines

 

Posts: 10664
Joined: 5/26/2008
From: London
Status: offline 		What is this noun "budget" and verb "budgetting" that you keep referring to?   My brain does not understand these words or concepts.

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My new DJ stuff....

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Post #: 6
RE: Purchases and Budgeting - 9/14/2009 3:45:52 AM   
Serge Birbrair

 

Posts: 4057
Joined: 4/23/2006
From: Boca Raton, Florida
Status: offline 		Colonel, I hear you. I am in the different crisis right now:
I have lots of kick ass wines, ready to be drunk NOW, but almost NONE of daily drinkers. Finding them at reasonable quality is a problem.


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tsk....

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Post #: 7
RE: Purchases and Budgeting - 9/14/2009 4:10:24 AM   
khmark7

 

Posts: 11427
Joined: 7/6/2008
From: Chicago suburbs
Status: offline 		I usually have a good idea at the beginning of each month of what I would like to purchase (mailing lists & futures), but I also enjoy shopping the retail stores to find a few interesting wines.  This month has been different....no purchases since the beginning of the month, as that was just a few cheap bottles.  I'm not buying anything for awhile, maybe a few months.  Saving up for more important things...

(in reply to Serge Birbrair)
Post #: 8
RE: Purchases and Budgeting - 9/14/2009 4:56:50 AM   
J2K

 

Posts: 4041
Joined: 5/5/2008
From: Pittsburgh, PA
Status: offline 		I try to budget for the year, that way if a big sale/offer comes up I can spend more in one month then another. Of course, that also means I may spend all my budget before the end of the year, then inevitably go over budget just like everyone else.

(in reply to khmark7)
Post #: 9
RE: Purchases and Budgeting - 9/14/2009 4:59:56 AM   
NiklasW

 

Posts: 2014
Joined: 10/13/2007
From: Finland
Status: offline 		Budget? After my trips to Languedoc and Piemonte this summer, my budget is shot to hell. I have spent €14.70 on wine this month and that is €14.70 too much! Oh well, I guess the tidal wave (credit card bill) will ebb at some point, then I can generate the next one!

(in reply to khmark7)
Post #: 10
RE: Purchases and Budgeting - 9/14/2009 9:38:20 AM   
jim_crane

 

Posts: 83
Joined: 9/9/2009
From: Napa, CA
Status: offline 		i definitely budget, and blow it, reforecast, and blow it, defer my kids college savings, and blow it!  i break down my budget into 3 categories:  cellarworthy, mailing lists and other.  i dedicate more than half to cellarworthy.  i'm on many wine mailers, but only buy from a few for which i have developed a love.  those are generally predictable expenses.  the other is for buying daily drinkers or one-off bottles of wines i might want to add to the cellarworthy bucket but needed to taste first.  at the end of the year, i am always shocked by how much i spent and i promise myself the next year will be better controlled.  it's like that new year's resolution to lose weight.

(in reply to NiklasW)
Post #: 11
RE: Purchases and Budgeting - 9/14/2009 4:29:20 PM   
dsGris

 

Posts: 4712
Joined: 8/31/2009
From: Portland, OR
Status: offline 		I love to shop wines in the store or on line.  I shop mostly on line, impulse buying is usually restricted to vacations and winery visits.  There are just too many wines for me to make a list at this point.  On line I usually fill a shopping kart and often defer the purchase until later, I get the satisfaction of buying but not the bill.  Usually they will not be consumed for some time anyway so immediate gratification is not possible and the cellar is presently full of drink now wines.  I am on the look out for good value cellar worthy wines and the information gained here should be very helpful.  My cellar listing which has been compiled has been very revealing in the quantity and cost over the last six years and does limit the desire to keep buying.  Good whites for my wife are on the program which gets very favorable support when I say "I am mostly buying for you", a few for me of course are always included.

(in reply to Khamen)
Post #: 12
RE: Purchases and Budgeting - 9/15/2009 9:30:56 PM   
mrj300

 

Posts: 93
Joined: 9/4/2009
From: Los Angeles
Status: offline 		When I want to keep my spending under control in a wine store, I just bring along my wife. Turn me loose in there alone and who knows what could happen.

(in reply to dsGris)
Post #: 13
RE: Purchases and Budgeting - 9/16/2009 1:41:52 PM   
treetops

 

Posts: 2323
Joined: 3/11/2009
From: England, UK
Status: offline 		It's quite straightforward really. You keep buying until you run out of cash. Then you keep buying as long as you can borrow more money. When that runs out you stop and consider what you might sell to buy that special case of wine you REALLY need. If you've got nothing to sell except your wine cellar, which is completely out of the question, you stop buying. Sit back and enjoy every last drop knowing that you absolutely did do the sensible thing. You might be broke, divorced, homeless whatever but you know there'll always be great friends to share a top notch bottle of wine with.

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"Wine makes daily living easier, less hurried, with fewer tensions and more tolerance" - Benjamin Franklin

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Post #: 14
RE: Purchases and Budgeting - 9/16/2009 1:50:52 PM   
gbm

 

Posts: 2220
Joined: 3/12/2008
From: Connecticut
Status: offline 		I don't strictly budget myself, but I keep track of my spending on CT every month/quarter (have I ever mentioned how much I love Eric's creation?) and try to keep it within reason.

When I go into a store, I never take a cart or basket.  It limits me to what I can carry (5 bottles is my record, though it was probably a little risky and it's not a record I am trying to break).  I can always dump them on the counter and make return trips through the aisles, but you can only do that so many times before you start to feel silly...and question your impulse purchases.

When I order online, I am completely reckless, though I try to keep it to a charge that I won't mind my wife seeing on the credit card bill.

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Greg

(in reply to Khamen)
Post #: 15
RE: Purchases and Budgeting - 9/16/2009 1:56:49 PM   
mjobtx

 

Posts: 1250
Joined: 11/20/2004
From: Plano, TX
Status: offline 		I don't budget either but I do buy very selectively.  My problem is finding the wines I want at prices I am willing to pay.  Even WS-Pro is little help when there are only a few vendors.  Those prices tend to be high so I try to steal some wines at auction.  Given the recent competition, that is getting harder to do.

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PlanoWino

(in reply to gbm)
Post #: 16
RE: Purchases and Budgeting - 9/17/2009 2:23:19 PM   
wadcorp

 

Posts: 9336
Joined: 10/29/2008
From: Kansas City, MO
Status: offline 		I don't really budget, either. I will slow down if I'm not expecting a cheque from a client anytime soon & the bank account is low.

I do hold Eric personally responsible for my increased spending on wine.

.

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"Wine is light held together by moisture."
— Galileo Galilei, physicist and astronomer (1564-1642)

(in reply to mjobtx)
Post #: 17
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