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How Do You save For ski Gear??

post #1 of 10
Thread Starter 

Hi I know it sounds pretty obvious to...simply put some money away and save the usual way. But for me that's not so easy, as I have youngish children, 11 & 13, two girls and I tell you spare cash soon evaporates in to thin air very easily. I plan to gear up for next season and currently have put away zero! but I have 7 full months to do it, so not a huge stretch. I have just days ago sold my US telecaster! that I wasn't using anymore to use for my gear but with one birthday and Christmas less than a month away am worried that money will soon disappear too. So I am about to put away $500 in to bonus bonds here in NZ is a very good safe way to have your money put in a place where it makes it hard to just nibble away at it, like I would. So that is me on Monday and at $20 min per bond will quietly add to it over the next few months. Do you find it difficult to save for gear or do you trade up and pay the difference? please tell us your method. Thanks.

 

Daza.

post #2 of 10

I pay for stuff with real folding cash as much as possible and put the change in a jar at the end of every day. I roll the silver myself but pay to have the 20lb jar of pennies run through the machine. I buy used and/or look for deals in the summer. Gives me about $1000/ year. When my kids came along I took up XC but now that they are gone I'm back on the lifts.

post #3 of 10

Sell all the stuff you dont use on Trade Me and stash the money away!!

post #4 of 10
Thread Starter 
Quote:
Originally Posted by jbwilco View Post
 

Sell all the stuff you dont use on Trade Me and stash the money away!!


Ha I did laugh out loud... That is exactly what I do apart from the stash it away, it always finds a reason to creep back out and buy me a box of Coronas.....it's good like that, but decreases in size each time funny that...That is why I am thinking Bonus Bonds I tried term deposit but came up a $10,000 min so that counted me out. That is my philosophy though, if you don't need it or use it sell it for gear!!! Cheers mate where do you ski?

 

Daz.

post #5 of 10

Well I usually ski Turoa when the weathers good but not school holidays and weekends.  Try to get to Treble Cone/Cardrona sometime over the winter (Aug/ Sept) with the family plus I scrimp and save over the year to do an overseas trip Jan/Feb usually to North America but next Feb we are heading to Nagano.  As to the bonds question I know nothing about them but I do know Ryman healthcare shares are doing great  the moment so it all depends on how quickly you want to get your money back plus make a capital gain.

post #6 of 10
Thread Starter 
Quote:
Originally Posted by jbwilco View Post
 

Well I usually ski Turoa when the weathers good but not school holidays and weekends.  Try to get to Treble Cone/Cardrona sometime over the winter (Aug/ Sept) with the family plus I scrimp and save over the year to do an overseas trip Jan/Feb usually to North America but next Feb we are heading to Nagano.  As to the bonds question I know nothing about them but I do know Ryman healthcare shares are doing great  the moment so it all depends on how quickly you want to get your money back plus make a capital gain.


Turoa eh. So you live south of Ruapehu I'm in Gisborne so have always been at Whakapapa, my partner has family in Frankton so plan on staying with them 2 weeks in winter 2015.

post #7 of 10

I don't have kids. 

post #8 of 10

I have kids but they get used to beans and water in the summer. 

post #9 of 10

I gave up alcohol - there's $1,000 to $1,500 (minimum) saved annually for gear and skiing. 

post #10 of 10
US treasury bonds.
Safe as houses
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