dealing with debt and a financially irresponsible spouse

About Me

dealing with debt and a financially irresponsible spouse

I am married to a man that isn't exactly financially responsible. When he finds something that he wants, he will do whatever is necessary to buy it. This has caused us a lot of debt over the years. What can you do when you are married to someone that doesn't take being in debt seriously? How do you approach him or her about their spending habits? I have worked with a financial professional to learn how to manage my money, how to discuss our money problems with my husband and to learn how to reduce my debt as quickly as possible. Find all this information and more here on my blog.


5 Reasons You Should Start Collecting Coins

If you're like most people, you probably don't give coin collecting much thought. However, if you're looking for both a hobby and a potential investment vehicle, coin collecting might be right for you. Here's a look at five reasons to start collecting today. 

1. Coin Collecting Is Fun

Developing any new hobby is always exciting, but when you start collecting coins, it feels as though you're on a never-ending treasure hunt. Whether you decide you want to start small and collect the U.S. quarters that honor each of the 50 states or you prefer to begin collecting rare or antique coins, you'll have fun doing it. Coin collecting is also relatively inexpensive for the beginner. 

Your search for new coins may prompt other new activities as well. For example, you might decide to try your hand at metal detecting or join a group of local coin collectors, known as numismatists.

2. Coin Collecting Is Good for Children

Collecting coins is also a great hobby to get kids interested in. Various coin collecting resources devote space to teach children about American coins. They can watch videos to learn about how coins are made, play games, and learn the basics of coin collecting. Coin collecting makes learning about money and finances interesting rather than boring. You'll never again be stumped for present ideas because your child or grandchild might not outgrow their coin collection like they might other toys or hobbies. Best of all, their coin collection will possibly gain value over the years. 

3. Coin Collecting Is a Smart Idea

These are perilous times. The U.S. has seen a serious coin shortage over the past several months the country has been struggling with COVID-19. Many retailers closed either temporarily or permanently, effectively putting a chink in the cog of normal coin circulation. Additionally, people often resorted to paying with credit and debit cards rather than physical money, believing this lessened their risk of exposure, further reducing circulation. 

Collecting coins a smart idea because it's a good backup plan. No matter how many other methods of payment are available, cold hard cash is always king. Banking systems and computers can crash. When you have a pile of gold U.S. coins squirreled away, you have peace of mind. 

Many older U.S. coins contain a lot of silver. For example, the 1964 Kennedy half-dollar is 90 percent silver. The value of silver has skyrocketed during the pandemic. This means any older American coins in your collection are worth far more than their face value. You may already have some in your piggy bank or laundry jar. A collection of these coins may increase your bargaining and bartering power in the event of financial collapse. 

4. Coin Collecting Is Educational

No matter what kind of coins you set out to collect, you'll learn a lot about that coin. If it is a modern coin, you'll learn whether it's in mint condition. You'll potentially learn where and when the coin was minted. If you collect rare or antique coins, such as ancient Greek or Byzantine coins, you may learn its provenance—where it came from or who owned it previously. You might research everything there is to know about the coins you have and the coins you want. You'll learn a lot about history when you collect coins from any era or country. 

5. Coin Collecting Can Be a Good Investment

If you do your research and make smart coin purchases, your coin collection will possibly grow in value over time. Of course, no investment is fool-proof. But when you consider most other hobbies rarely have the potential to earn money and only cost money to participate instead, coins are well worth considering for your next hobby.