How Much in Debt?

[Axis II]

So, I had some banter with some friends recently about this and they called BS on me. How much in debt do you think your new reloader, shooter, normal guy who reloads/shoots because the way stuff flies off the shelf now days I mean a man has to say stop at some point right? Look at me. I am in desperate need of a certain powder to be able to deer hunt. I almost purchased an 8lbs jug yesterday for almost $300. That's over 1k rounds for my hunting rifle that gets 20-30rds through it a year. I was in Cabela's Friday afternoon and they had about 20 bricks of SPP, 20 SRP and about 20 SRPM. maybe 10 bricks LP and 4-5 LR. I almost picked up 1 box of the 5 or 6 Winchester 45-70 at $35-box but passed cause I was running late for work and the line was insane. 22lr ammo was probably enough to fill 2-3 shopping baskets full.

I went back Saturday morning 30min after they opened and primers were maybe 10 bricks of everything, all the 45-70 ammo was gone and the 22 ammo was down to about 1 shopping basket. Primers also went from $60/65 to $80 overnight. When I watched a guy buy the last brick of his flavor the salesman took the price tag off the shelf and tossed it. I stood there and thought to myself again, 1 brick per person/per day. 1lbs of powder per person, where did all the primers go? How do these guys afford spending $80-brick and buying so much? I follow the thread on here for reloading supplies in stock and unless these companies are only getting 1-2 bricks in and posting in stock do we really have people buying so much for such high prices that its gone within a matter of minutes? LGS was packed the other day with guys buying $25-boxes of blazer 9mm limit like 5. Gun counter was packed full of people doing FFL. I just stand there saying to myself, where do they get all this money? I love shooting and reloading but haven't fired a shot other than sighting in a hunting gun with factory ammo back in November 2020. I honestly don't get the fear having to spend thousands upon thousands on ammo.

 

[jmorris]

I think going into debt isn’t a good idea and an even worse one when you don’t need to.

I almost purchased an 8lbs jug yesterday for almost $300. That's over 1k rounds for my hunting rifle that gets 20-30rds through it a year.

A good example, why in the world would you stock up at panic prices with an amount of powder that would take 33-50 years to use up?

Just skip a burger and fry's some day and go buy a box of ammunition to hunt with this year, save up some money and see if things are better next year.

That said, there are still people paying interest on stuff they bought back when Obama was re-elected and sandy hook took place. You don’t want to be that guy, trying to sell an AR for $2000, to get out of debt, when they are selling for $650.

 

[earlthegoat2]

I think no more so than anyone buying anything on credit.

A lot of people are idiots with money.

 

[Axis II]

I think going into debt isn’t a good idea and an even worse one when you don’t need to.



A good example, why in the world would you stock up at panic prices with an amount of powder that would take 33-50 years to use up?

Just skip a burger and fry's some day and go buy a box of ammunition to hunt with this year, save up some money and see if things are better next year.

That said, there are still people paying interest on stuff they bought back when Obama was re-elected and sandy hook took place. You don’t want to be that guy, trying to sell an AR for $2000, to get out of debt, when they are selling for $650.

Last year when everything sky rocketed I did buy factory ammo. I usually paid $30 for 20rds and last year it was $50-20rds. Now I cant find any, anywhere and if I do its $70-20rds. I didn't buy the jug but tried justifying it that I would never run out and may be able to use for something else or buy another caliber to use the powder for. I am sitting on 5k SPP I refuse to use and I paid $30 for them. I am down to about 1k SRP but I shoot a bolt gun and figure those would last me at least 2 more years since I have had that brick for 2-3yrs. I almost got pulled into the black hole yesterday when I saw the primers but I passed.

 

[CoalCrackerAl]

I buy with cash on hand or with my debt card at the physical stores. And with my debt card on line. I do not have any credit cards. My last car i bought i only financed 2k. And took out a short term loan of 12 months.

 

[crestoncowboy]

I don't mind debt. Ive went in debt on land and things several times and in a few years doubled my money. I buy all my buisness things on credit and get the cash back rewards. Some parts (engines, final drives etc costing 10k bucks). I buy at sams with a credit card. Then walk up to the desk and pay cash. It takes 30 seconds and gets me 5% back. Actually they recently started taking the payment at the register. The last trip I used my card and then immediately paid the 700 bucks back to them. Nothing wrong with a credit card if you pay it off. I have a grand in free money on my cabelas card right now. Costed me nothing. Just use it to buy my parts and let it automatically pay off each month unless I decide to walk up to the desk and pay cash to pay it off.

No way in hell id ever go in debt for a gun or reloading supplies or safe or any other non essential unless I didn't have a gun at all. Perhaps I'd finance one in that case. Idk though. I bought my first one long before I could get a license, much less a loan. I said for 20 years id never finance a vehicle. And I hadn't for years. I did this year though. Didn't have to but it was a decent deal. I won't pay for a new vehicle with cash again. I did once and absolutely couldn't get any work done on it. I got bumped to the bottom of the list all the time. Why would they rush? It was paid for. No losing money for them. And the vehicle was a lemon so they kept it as much as me. I wouldn't give 80 bucks to hunt at all much less for reloading supplies. I used to hunt and I have many very nice buck skulls hanging and a freezer full of meat. But id buy a case of burger at sams for 300 bucks and not fool with deer if I didn't have the ammo.

Anyone stuck without any ammo/reloading supply has little excuse. It was Rock bottom prices 2 years ago and ample availability.

 

[nettlle]

With all due respect this is a gun forum and not a credit counseling forum.

 

[Engineer1911]

Credit bills are paid in full EVERY month, his and hers. We have no carry over balance. I don't buy $60 per brick primers or $50 per brick 22 LR.

 

[Axis II]

I think no more so than anyone buying anything on credit.

A lot of people are idiots with money.

I just don't get that mentality. I have 1 cc and absolutely hate using it. Its like, man, do you really need all these supplies that are going to be worth less in a year or so. I even had guys trying to sell me stuff they paid 2018 prices for at todays prices. One guy said he had something like 30k LRP and no longer needs them and would let them go for $60/70 a brick. I thought yeah, you paid $30 for them, that's not right.

 

[Axis II]

With all due respect this is a gun forum and not a credit counseling forum.

With all due respect, buzz off. This is gun related. Its showing the newbies who read this stuff don't run out and spend a college tuition on ammo.

 

[Mark_Mark]

I buy with cash on hand or with my debt card at the physical stores. And with my debt card on line. I do not have any credit cards. My last car i bought i only financed 2k. And took out a short term loan of 12 months.

Cash is king! No interest, late payment, trace…

 

[AgPilot]

Debt????
Not here. I pay for things as I go. Just like My Great Grandparents did.
But. I’m still scared of what’s happening up in DC.

 

[nettlle]

With all due respect, buzz off. This is gun related. Its showing the newbies who read this stuff don't run out and spend a college tuition on ammo.

I am not the one seeking advice.

 

[Axis II]

I don't mind debt. Ive went in debt on land and things several times and in a few years doubled my money. I buy all my buisness things on credit and get the cash back rewards. Some parts (engines, final drives etc costing 10k bucks). I buy at sams with a credit card. Then walk up to the desk and pay cash. It takes 30 seconds and gets me 5% back. Actually they recently started taking the payment at the register. The last trip I used my card and then immediately paid the 700 bucks back to them. Nothing wrong with a credit card if you pay it off. I have a grand in free money on my cabelas card right now. Costed me nothing. Just use it to buy my parts and let it automatically pay off each month unless I decide to walk up to the desk and pay cash to pay it off.

No way in hell id ever go in debt for a gun or reloading supplies or safe or any other non essential unless I didn't have a gun at all. Perhaps I'd finance one in that case. Idk though. I bought my first one long before I could get a license, much less a loan. I said for 20 years id never finance a vehicle. And I hadn't for years. I did this year though. Didn't have to but it was a decent deal. I won't pay for a new vehicle with cash again. I did once and absolutely couldn't get any work done on it. I got bumped to the bottom of the list all the time. Why would they rush? It was paid for. No losing money for them. And the vehicle was a lemon so they kept it as much as me. I wouldn't give 80 bucks to hunt at all much less for repaying supplies. I used to and I have many very nice buck skulls hanging and a freezer full of meat. But id buy a case of burger at sams for 300 bucks and not fool with deer if I didn't have the ammo.

Anyone stuck without any ammo/reloading supply has little excuse. It was Rock bottom prices 2 years ago and ample availability.

My situation was I didn't pay attention to my powder stash was all. The powder I need is the only thing I need as I am stocked on the rest. Last year I bought factory because I couldn't find the powder and when I did it was $60-lbs. I haven't loaded until about 2 weeks ago and then realized I never replaced the powder. I walked away from target shooting due to not paying high prices to replace what I used.

 

[Axis II]

I am not the one seeking advice.

I wasn't seeking advice either. I was just curious what everyone is doing and why they are buying so much. One store doesn't care how many primers and powder you buy and they are selling 100 primers at $18-sleeve. I watched a guy buy the entire brick. Just saying I don't get the gotta have mentality. Its like Ooh, I see it and gonna buy it at any price so no one else does.

 

[dh1633pm]

A lot of us are older now. Already made our way with family and careers. I can now afford all the things I want. I don’t have want for much, so picking up a few things is easy. It only goes on a card if it comes out to my advantage. Never go into debt for surplus. Stuff you don’t really need. Better yet, don’t at all if you can help it. Wow, you actually saw primers on a shelf. Haven’t seen that since pre disease.

 

[Axis II]

A lot of us are older now. Already made our way with family and careers. I can now afford all the things I want. I don’t have want for much, so picking up a few things is easy. It only goes on a card if it comes out to my advantage. Never go into debt for surplus. Stuff you don’t really need. Better yet, don’t at all if you can help it. Wow, you actually saw primers on a shelf. Haven’t seen that since pre disease.

My lgs seems to always have them but they rip open the bricks and sell them $18-100 for spp and srp and more for the larger ones. Cabelas seems to be hit and miss. Walk in on a Friday night and there is 20-30k sitting there. Come back the next morning and either nothing or 1k. I honestly think they take it in the back on busy days cause yesterday morning a worker took a ton of factory ammo off the shelf.

 

[nettlle]

I am paying too much for primers right now. My love of reloading overloads my hate of over priced reloading components. This has been my choice for a few months now and I am comfortable with this decision.

 

[Spare Parts]

I am in desperate need of a certain powder to be able to deer hunt. I almost purchased an 8lbs jug yesterday for almost $300.

Now is the most-expensive time to buy. Delay the purchase if possible. Do you have enough for this year? Next year? Can you borrow or barter with friends? Can you buy 1# to get by?

I owe a (good) friend 1K SPP, replaceable "when it's reasonable." I'm delaying the 9mm ammo build-up (new pistol! Woo Hoo! . Recently bought 1K SPP at $100 delivered, and it stung, but it was worth the peace of mind that I could assemble ammo if SHTF. YMMV.

 

[Phantom 309]

In before the lock, lol. I admit to buying a few primers at current pricing to keep loading and maintain reasonable stock on hand (not a hoard).
I absolutely refuse to incur debt from any of my hobbies. Mrs. 309 and I allow ourselves a "fun budget" for things we WANT but don't NEED. If the cash isn't in hand, we clearly don't need it that bad.

 

[stillquietvoice]

I saw some cci #41 and cci small rifle primers in an small gun shop last time I was there but 89/k for# 41 and 108 for srp made me laugh. My friend who's just starting to reload paid it for #41 but he's just getting started so I understand his choice.

 

[Walkalong]

I think going into debt isn’t a good idea and an even worse one when you don’t need to.

Yep.

 

[Hartkopf]

If your theory is inflation will get WAY out of control, then borrow lots of money and lock it in at the current level. Just be sure to buy what you need and know you will actually need it or be able to sell it. Might be some of the reason ammo and components fly off the shelf at any price.

I’m not saying to do this. Just that there are people gambling on the future.

 

[higgite]

Any suggestions for a good stock to buy with borrowed money? Or maybe some junk bonds or a sure-fire, can't miss hedge fund?

 

[Fine Figure of a Man]

Debt is the most aggressively marketed product in the history of the world.
If you can't pay cash for toys or hobbies, you can't afford them.
Cars and trucks are toys BTW.

Any suggestions for a good stock to buy with borrowed money?

That's funny, unless you are serious.