Yearly Budget

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Jmigliano
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Yearly Budget

#1 Post by Jmigliano » June 20th, 2019, 5:11 pm

What’s most peoples yearly wine budget and how do you decide what it is?
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D@vid Bu3ker
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Re: Yearly Budget

#2 Post by D@vid Bu3ker » June 20th, 2019, 5:23 pm

I wouldn’t touch this topic with a “thirty nine and a half foot pole!”
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Re: Yearly Budget

#3 Post by AD Northup » June 20th, 2019, 5:24 pm

Don’t have one unless it effects something else (e.g. retirement savings, vacations, etc)
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Re: Yearly Budget

#4 Post by Joe B » June 20th, 2019, 5:25 pm

One million dollars.
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Frank Murray III
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Re: Yearly Budget

#5 Post by Frank Murray III » June 20th, 2019, 5:27 pm

WHERE IS THE POLL? deadhorse

For me, it's a set amount and I live to it. It helps that I am not on the amount of lists I used to be on, other than the Envoyer impact that is a balancing act. [training.gif]
My WOTY candidates for 2019:
2014 Marie Courtin Eloquence Blanc de Blancs Extra Brut
2017 Rivers-Marie Pinot Noir Occidental Ridge SC PN
2017 Rivers-Marie Pinot Noir Platt SC PN
2017 Kutch Pinot Noir SC PN
2009 Roederer Cristal Brut

My best wines of 2018:
2017 Kutch Falstaff Sonoma Coast PN
2012 Marguet La Grande Ruelle Ambonnay

Kindness matters.

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alan weinberg
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Re: Yearly Budget

#6 Post by alan weinberg » June 20th, 2019, 5:27 pm

Blew past it in Feb. I’m now into the budget for 2075.

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Markus S
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Re: Yearly Budget

#7 Post by Markus S » June 20th, 2019, 5:31 pm

Add the maximum credit limits on your 4 most used credit cards.
Divide by 2.
Multiply by the coefficient of corked bottles typically experienced.
Add 101 for good luck.
There you have it!
[snort.gif]
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Re: Yearly Budget

#8 Post by A.Gillette » June 20th, 2019, 5:31 pm

I determine my budget for the year on December 31 of that year by taking the sum total cost of that year’s purchases. It takes a lot of discipline, but I’ve never gone over budget.
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Sc0tt F!tzger@ld
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Re: Yearly Budget

#9 Post by Sc0tt F!tzger@ld » June 20th, 2019, 5:32 pm

Image

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Re: Yearly Budget

#10 Post by Frank Murray III » June 20th, 2019, 5:32 pm

alan weinberg wrote:
June 20th, 2019, 5:27 pm
Blew past it in Feb. I’m now into the budget for 2075.
Genius. [thumbs-up.gif]
My WOTY candidates for 2019:
2014 Marie Courtin Eloquence Blanc de Blancs Extra Brut
2017 Rivers-Marie Pinot Noir Occidental Ridge SC PN
2017 Rivers-Marie Pinot Noir Platt SC PN
2017 Kutch Pinot Noir SC PN
2009 Roederer Cristal Brut

My best wines of 2018:
2017 Kutch Falstaff Sonoma Coast PN
2012 Marguet La Grande Ruelle Ambonnay

Kindness matters.

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Re: Yearly Budget

#11 Post by YLee » June 20th, 2019, 5:38 pm

Markus S wrote:
June 20th, 2019, 5:31 pm
Add the maximum credit limits on your 4 most used credit cards.
Divide by 2.
Multiply by the coefficient of corked bottles typically experienced.
Add 101 for good luck.
There you have it!
[snort.gif]
You forgot the part about rounding up just in case numbers arent whole. Haha
-¥ 0 ñ 9

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Markus S
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Re: Yearly Budget

#12 Post by Markus S » June 20th, 2019, 6:36 pm

alan weinberg wrote:
June 20th, 2019, 5:27 pm
Blew past it in Feb. I’m now into the budget for 2075.
You should work for the government! Make your grandchildren pay for your consumption.
$ _ € ® e . k @

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Re: Yearly Budget

#13 Post by Markus S » June 20th, 2019, 6:37 pm

YLee wrote:
June 20th, 2019, 5:38 pm
Markus S wrote:
June 20th, 2019, 5:31 pm
Add the maximum credit limits on your 4 most used credit cards.
Divide by 2.
Multiply by the coefficient of corked bottles typically experienced.
Add 101 for good luck.
There you have it!
[snort.gif]
You forgot the part about rounding up just in case numbers arent whole. Haha
Oh yeah. Always round UP! ;)
$ _ € ® e . k @

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Re: Yearly Budget

#14 Post by cjsavino » June 20th, 2019, 6:47 pm

Budget goes likes this.

Day 1, we drank a lot of champagne last night need more

January mailers hit, $$$$$

Berserker Day $$$$

Spring mailers $$$$

Summer time, need some rose’ $$

Fall mailers $$$$

Attend wine auction $$$$

Repeat following year
Chris
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Robert.A.Jr.
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Re: Yearly Budget

#15 Post by Robert.A.Jr. » June 20th, 2019, 6:55 pm

The budget is exactly what it needs to be to be a budget.

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Re: Yearly Budget

#16 Post by Scott Watkins » June 20th, 2019, 7:01 pm

I buy until I see my wife's lips disappear!
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Re: Yearly Budget

#17 Post by Mark Thompson » June 20th, 2019, 7:50 pm

Rationalization 101: Sure I spent X....but my actual consumption is a tiny fraction of X...

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Re: Yearly Budget

#18 Post by Mark Maddox » June 20th, 2019, 7:52 pm

I have a not to exceed, this year it is $100,000/day. I am well under that so it’s a fiscally responsible year.

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Victor Hong
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Re: Yearly Budget

#19 Post by Victor Hong » June 20th, 2019, 7:54 pm

For which year?
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Yao C
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Re: Yearly Budget

#20 Post by Yao C » June 20th, 2019, 8:10 pm

Mark Thompson wrote:
June 20th, 2019, 7:50 pm
Rationalization 101: Sure I spent X....but my actual consumption is a tiny fraction of X...
Agreed; per GAAP it's not actually an expense until it's been consumed so I'm well under budget
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Re: Yearly Budget

#21 Post by Chris Seiber » June 20th, 2019, 11:57 pm

I have a vague sense in the back of my head about how much I can get away with spending before my marriage gets on seriously thin ice. That’s as close as I get to a budget.

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Re: Yearly Budget

#22 Post by Howard Cooper » June 21st, 2019, 3:45 am

I actually have cut way back on wine purchases so far this year. We are almost at the halfway point for the year and I have only purchased about 1/5 of the amount of wine I purchased last year and about 14% of the amount of wines I bought (on average) the three years before that. Don't ask me about the trend of golf club purchases.
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Re: Yearly Budget

#23 Post by Michael Martin » June 21st, 2019, 3:59 am

My budget is based on my storage. It’s full. The overflow is full and my double secret storage is full. Forces me to buy far less than I used to.
YTD I am down 50% compared to last year.

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Re: Yearly Budget

#24 Post by J a y H a c k » June 21st, 2019, 4:18 am

What does the word "budget" mean? I am not familiar with the term.
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Re: Yearly Budget

#25 Post by J a y H a c k » June 21st, 2019, 4:21 am

Michael Martin wrote:
June 21st, 2019, 3:59 am
My budget is based on my storage. It’s full. The overflow is full and my double secret storage is full. Forces me to buy far less than I used to.
YTD I am down 50% compared to last year.
I solved that problem by moving a 126 bottle wooden wine rack I used to use into my cellar and filling it up. All in about an hour, so it hardly diverted me from other useful pursuits.
Yes, that's a DM of 1978 Mouton!

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Re: Yearly Budget

#26 Post by Neal.Mollen » June 21st, 2019, 4:37 am

Sc0tt F!tzger@ld wrote:
June 20th, 2019, 5:32 pm
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LOL.
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Re: Yearly Budget

#27 Post by Scott Brunson » June 21st, 2019, 5:33 am

Frank Murray III wrote:
June 20th, 2019, 5:27 pm
WHERE IS THE POLL? deadhorse

For me, it's a set amount and I live to it. It helps that I am not on the amount of lists I used to be on, other than the Envoyer impact that is a balancing act. [training.gif]
I don't count Envoyer purchases against my wine budget.
(I divide them between grocery and medical expenses.)
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Re: Yearly Budget

#28 Post by James Billy » June 21st, 2019, 6:07 am

Michael Martin wrote:
June 21st, 2019, 3:59 am
My budget is based on my storage. It’s full. The overflow is full and my double secret storage is full. Forces me to buy far less than I used to.
YTD I am down 50% compared to last year.
That's because we're only halfway through the year. neener

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Re: Yearly Budget

#29 Post by Bruce Rudman » June 21st, 2019, 6:26 am

My budget is also based upon what I need/want to fill in the cellar (I guess once you pass 1,000 bottles you no longer need more) - According to CT, depending on vintage the past six years, total purchases per year were between a low of 240 bottles and a high of 338 bottles last year. Consumption depends on how much we entertain but consumption is between 190-270 bottles/year (and no we don't drink alone!).
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Re: Yearly Budget

#30 Post by Phil Graves » June 21st, 2019, 6:30 am

What's the concern? It's a very liquid asset.

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Re: Yearly Budget

#31 Post by Paul McCourt » June 21st, 2019, 7:03 am

My budget is this:
1) if it seems like a stupid idea, I don’t buy it.
Or
2) I ignore the fact that it is a stupid idea and buy it anyway.
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Re: Yearly Budget

#32 Post by alan weinberg » June 21st, 2019, 7:39 am

Bruce Rudman wrote:
June 21st, 2019, 6:26 am
I guess once you pass 1,000 bottles you no longer need more
so wrong. If you drink 270 b a year and like wine with a decade or more of age on it, then you need at least 2700 bottles so that you can have them maturing at a pace that allows you to drink 10 year old wine. This logic came from Richard Gold in How and why to build a Wine Cellar.

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Re: Yearly Budget

#33 Post by Matt Fleming » June 21st, 2019, 7:45 am

current market value of one bottle, '99 La Tache minus release price.

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Re: Yearly Budget

#34 Post by Bruce Rudman » June 21st, 2019, 7:47 am

alan weinberg wrote:
June 21st, 2019, 7:39 am
Bruce Rudman wrote:
June 21st, 2019, 6:26 am
I guess once you pass 1,000 bottles you no longer need more
so wrong. If you drink 270 b a year and like wine with a decade or more of age on it, then you need at least 2700 bottles so that you can have them maturing at a pace that allows you to drink 10 year old wine. This logic came from Richard Gold in How and why to build a Wine Cellar.
Allen, I agree that there’s wine in my cellar that isn’t ready to drink. The comment was intended to refer to my use of the words “need/want“ and the opinion that when you’re at 1000 bottles, it’s what you want rather than what you need. But your point is well taken. With California Pinot, which is almost half of my cellar, I like about five years minimum.
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Re: Yearly Budget

#35 Post by Frank Murray III » June 21st, 2019, 7:49 am

Scott Brunson wrote:
June 21st, 2019, 5:33 am
Frank Murray III wrote:
June 20th, 2019, 5:27 pm
WHERE IS THE POLL? deadhorse

For me, it's a set amount and I live to it. It helps that I am not on the amount of lists I used to be on, other than the Envoyer impact that is a balancing act. [training.gif]
I don't count Envoyer purchases against my wine budget.
(I divide them between grocery and medical expenses.)
I plan to swing by Envoyer today for a few mins after an appt. I'll count the # of boxes there with your name on it. [rofl.gif]
My WOTY candidates for 2019:
2014 Marie Courtin Eloquence Blanc de Blancs Extra Brut
2017 Rivers-Marie Pinot Noir Occidental Ridge SC PN
2017 Rivers-Marie Pinot Noir Platt SC PN
2017 Kutch Pinot Noir SC PN
2009 Roederer Cristal Brut

My best wines of 2018:
2017 Kutch Falstaff Sonoma Coast PN
2012 Marguet La Grande Ruelle Ambonnay

Kindness matters.

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Re: Yearly Budget

#36 Post by alan weinberg » June 21st, 2019, 7:49 am

Bruce Rudman wrote:
June 21st, 2019, 7:47 am
alan weinberg wrote:
June 21st, 2019, 7:39 am
Bruce Rudman wrote:
June 21st, 2019, 6:26 am
I guess once you pass 1,000 bottles you no longer need more
so wrong. If you drink 270 b a year and like wine with a decade or more of age on it, then you need at least 2700 bottles so that you can have them maturing at a pace that allows you to drink 10 year old wine. This logic came from Richard Gold in How and why to build a Wine Cellar.
Allen, I agree that there’s wine in my cellar that isn’t ready to drink. The comment was intended to refer to my use of the words “need/want“ and the opinion that when you’re at 1000 bottles, it’s what you want rather than what you need. But your point is well taken. With California Pinot, which is almost half of my cellar, I like about five years minimum.
my comment is really a tongue in cheek aspiration I tried to pass by the wife unsuccessfully to justify an ever-burgeoning collection.

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Re: Yearly Budget

#37 Post by Bruce Rudman » June 21st, 2019, 8:13 am

My wife complains we have a “store” in our house but happily drinks what we have.
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Re: Yearly Budget

#38 Post by bddehn » June 21st, 2019, 10:36 am

My first post...

Alan's comment made me laugh out loud!!

I've actually not thought of a annual budget (in 25 years of collecting)?? Sounds like a good idea, but really is too much work to go any further than that.

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Re: Yearly Budget

#39 Post by dsimmons » June 21st, 2019, 10:47 am

No budget just realistic limits on the size cellar I want (current target is 2000 bottles); how much I am willing to pay for any given wine (this number has continually crept up over the past 20 years); and the "deals" that keep popping up in my inbox. My peak buying years were 2007-2010 and I am currently buying at less than half those amounts.
D o n

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Re: Yearly Budget

#40 Post by David Baum » June 21st, 2019, 11:52 am

I buy what I want when I want. When it starts to hurt or I run out of room I try to stop. Sometimes I do but it's usually futile and boxes pile up in my guest room

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Re: Yearly Budget

#41 Post by lleichtman » June 21st, 2019, 4:09 pm

Jmigliano wrote:
June 20th, 2019, 5:11 pm
What’s most peoples yearly wine budget and how do you decide what it is?
What is this term budget you are talking about? [snort.gif]
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Re: Yearly Budget

#42 Post by lleichtman » June 21st, 2019, 4:10 pm

cjsavino wrote:
June 20th, 2019, 6:47 pm
Budget goes likes this.

Day 1, we drank a lot of champagne last night need more

January mailers hit, $$$$$

Berserker Day $$$$

Spring mailers $$$$

Summer time, need some rose’ $$

Fall mailers $$$$

Attend wine auction $$$$

Repeat following year
Oh yeah big +1000 on that.
Lawrence G. Leichtman

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Re: Yearly Budget

#43 Post by JBucholz » June 21st, 2019, 7:17 pm

alan weinberg wrote:
June 21st, 2019, 7:39 am
Bruce Rudman wrote:
June 21st, 2019, 6:26 am
I guess once you pass 1,000 bottles you no longer need more
so wrong. If you drink 270 b a year and like wine with a decade or more of age on it, then you need at least 2700 bottles so that you can have them maturing at a pace that allows you to drink 10 year old wine. This logic came from Richard Gold in How and why to build a Wine Cellar.
I don’t understand. Why wouldn’t you be drinking on the other 95 days a year?
J 1 m B u c h 0 l 2

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Re: Yearly Budget

#44 Post by Bruce Rudman » June 21st, 2019, 8:32 pm

JBucholz wrote:
June 21st, 2019, 7:17 pm
alan weinberg wrote:
June 21st, 2019, 7:39 am
Bruce Rudman wrote:
June 21st, 2019, 6:26 am
I guess once you pass 1,000 bottles you no longer need more
so wrong. If you drink 270 b a year and like wine with a decade or more of age on it, then you need at least 2700 bottles so that you can have them maturing at a pace that allows you to drink 10 year old wine. This logic came from Richard Gold in How and why to build a Wine Cellar.
I don’t understand. Why wouldn’t you be drinking on the other 95 days a year?
Jim, because we are not admitted alcoholics!
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