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Fiscal Responsibility - Part II (Buying Plan)

N2Advnture

Active Member
Joined
Oct 10, 2005
Messages
1,712
Again, I'm not trying to tell anyone what to do with their money. We're all grown ups here and you know what's best for you. This is merely a suggestion for successful planning / buying as it relates to cigars.

Buying plan (for maintaining current smoking habit):

Set a “Cigar budget”. Before embarking on building a cigar collection you will help determine how much of you disposable income you have to allow for cigar purchases.

Determine how many cigars you smoke.

Example: If you smoke 1 per day
365 cigars per year (average)
15 boxes per year (average)
1.25 boxes per month (average)

The above example is just based on your yearly smoking habit and will determine how many boxes a year to purchase and help set your “cigar budget”.


If you are looking to continue to smoke as you do now AND expand your collection for aging, here is “part 2” of the buying plan.


Buying plan (for building/aging):

*** This is the key part ***

Example (based on smoking 1 cigar a day):

Every time you open 1 box, immediately purchase another to replace the box you just opened (box #3). By the time you smoke through box #1 & box #2 - box #3 should be at least 3 years old (assuming you purchased the previous year’s box code).

In 12 months you will have 30 boxes that have a minimum of 1-2 years and some up to 3/4 years of age. If you open 1 of each, you should have purchased 45 boxes in 12 months – smoking through 15 of them leaving you with 30 at the end of 1 year.

In 24 months, you will be smoking boxes with a minimum of 2-3 years of age and some up to 4/5 years of age.

In 36 moths, you will be smoking boxes with a minimum of 3-4 years of age and some up to 5/6 years of age….you get the idea.

Make any sense?


Tips for reducing cost and increasing aged stock:
* Make a list of vitolas that are your “go to” smokes. Cigars you already know you like and smoke frequently. Then, stick to the list. (Just like grocery shopping, you tend to spend more without a list).

* If you want to try a different vitola, pick up a 5 er before rushing out and
buying boxes. This will help you avoid flavor profiles that you don't like and thus, help prevent unneeded spending on stuff you won't smoke.

* Forget about special editions, regionals, limited editions. These should not be included in your buying plan but should be included in your cigar budget!

* Wait for sales (especially year end sales, multibox sales, etc…)

* Don't buy different vitolas just because they are on sale. With some of the crazy sales, it's REALLY easy to keep adding various boxes to your shopping cart just because they are a "good deal". This will kill you buying/aging plan & your cigar budget. Stick to what you want to know you like and what you want to age.

* Buy “semi” aged stock (3 years old) or earlier and try to pick them up on sale for an added benefit.

I hope this helps and happy smoking!

~Mark

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Thanks for the advice Mark. Well said and very important for some people (including myself) to learn how to do. Thanks!
 
Mark,

Both of your posts were excellent. I am going to try and apply the lessons from this one. As I already subscribe to the primary tenets of the former.

Happy Thanksgiving
 
Great advice yet again. I should add that I put specific cigars on a rolling buy list, waiting for the right price. If I cannot find the RyJ Cazadores in-stock and at a price I am willing to pay, I will not buy a substitute. I may not buy anything that month at all. However, when the cigars come in and at my price point, I might buy three boxes all in one shot as with the aforementioned Cazadores. Right now, the Bolivar Coronas Gigantes 50-SLB, Cohiba Siglo VI 25-SLB, and Upmann Magnum 46 50-SLB are on my list but I have not been able to pull the trigger for months. And so I haven't bought but token things to try out.

With the rapid growth in regional edition vitolas, I think it's not unreasonable to include this in your buying plan if finances and priorities permit and you buy to smoke. You can pretty much expect to spend $400 a pop several times a year for these special releases.

Wilkey
 
Good stuff Mark. Appreciate you taking the time to put these posts up. What I do is I put any overtime from my paycheck into a seperate account. Once that builds up and I see something on my 'buy list', I pull the trigger. No money, no smokes. Plain and simple.
 
that is totally awesome stuff but for someone like me how do i account for the varible uncle who raids my stash like, do i up my intake to say two cigars a day knowing that i will lose inventory to him?
 
that is totally awesome stuff but for someone like me how do i account for the varible uncle who raids my stash like, do i up my intake to say two cigars a day knowing that i will lose inventory to him?

Set up a "dummy" humidor with $1 smokes and hide the others :thumbs:
 
that is totally awesome stuff but for someone like me how do i account for the varible uncle who raids my stash like, do i up my intake to say two cigars a day knowing that i will lose inventory to him?
Put a lock on the Humi, or tell him if he is going to smoke then he is going to have to chip in for some purchases.
 
Correction:

Under the aging example, "...just opened (box #3)" should read "...just opened (box #2)"
 
Awesome advice, now I just need to figure out which of my organs is worth the most boxes, and I'm good to go!
 
that is totally awesome stuff but for someone like me how do i account for the varible uncle who raids my stash like, do i up my intake to say two cigars a day knowing that i will lose inventory to him?

Set up a "dummy" humidor with $1 smokes and hide the others :thumbs:


I agree. IMHO, this is your best bet, Pete. Hide the good stuff and let your uncle raid the bundles!
 
This is very good, especially the aging component as most of my purchases are for immediate gratification.
That would be great for me to start considering pre-purchase aging.
 
Great post Mark.

One of the biggest problesm I found for myself, still being a n00b, is making the transition for singles to boxes. It seemed that when I started it was a grab what can, and grab as fast as you can. I did this for bunched of different smokes. I found that as my tastes matured though I favored fewer lines of smokes. I actually sat and figured out my 'singles money spent' and was floored. I started out slow and have been just doing the box thing for awhile now, but WITH a monthly cap on my spending.

Its a tough thing to do but once your there, and HAVE the disipline, its alot smoother ride.

Art
 
I was reading this thread and thinking hard about it...but now I feel the need to get on over to Cigarbid.com real fast...
 
Also, watch the daily/weekly deals. I have them on an RSS feed to my yahoo homepage. You usually won't get physical boxes , but if the stick is on your "rolling buy" list, you will have extra boxes in no time. Just make sure to put a small label with purchase dates on reused boxes so that you still have age references. In fact, labels on the underside of boxes are a great tool because many NC manufacturers don't use date codes.

Great thread!
 
that is totally awesome stuff but for someone like me how do i account for the varible uncle who raids my stash like, do i up my intake to say two cigars a day knowing that i will lose inventory to him?


Just bring them around the block. I'll hold them for you :whistling:
 
Sounds like a solid plan. I smoke abouot 3-4 a week and really can't afford to buy boxes, well I could, but they wouldn't be anything I really want to smoke. So I generally pick up 10 every payday and my B&M gives me 15%off and usually throws in a few samples for me too. So I smoke 6-8 every pay period, so I always have a few left over to "age".
 
You should have Kaputo give you a raise. If he can sell $10 hats for forty dollars, I'm sure he can afford it.

Doc.
 
You know, I expect that type of response from some of the other forums**cough cough Cigar snob** but I certainly didn't expect that kind of response from people on this forum. I joined this forum because I am a fan of cigars and while at work I like to post in cigar forums to help pass the downtime. I just happened to find "Cigar Pass" today and decided to join this well established community.

Yeah so what, I am behind, and think what Jon Caputo is doing could be a good thing for the community, and that is why I plugged puff in my sig and Screenname. Plenty of other folks plug their blogs, websites, stores and clubs, so I call you out, Why the angry attitude towards me?

1. I do not work for Jon, so your comment was well out of line and in very poor taste.
2. I may think that what Jon Caputo is doing is a good thing and while you might not agree, I believe your "rules" say treat eveyone with respect, which you clearly did not do.
3. Get off my back and keep you snide, childish remarks to yourself, I am a grown man, and while I may be new to your forums, I certainly at least deserve the respect given to any human being.
4. What does your temper tantrum have to do with a buying plan for cigars, I would say, someone with your vast posting history, should at least by now know to keep on topic.
 
You know, I expect that type of response from some of the other forums**cough cough Cigar snob** but I certainly didn't expect that kind of response from people on this forum. I joined this forum because I am a fan of cigars and while at work I like to post in cigar forums to help pass the downtime. I just happened to find "Cigar Pass" today and decided to join this well established community.

Yeah so what, I am behind, and think what Jon Caputo is doing could be a good thing for the community, and that is why I plugged puff in my sig and Screenname. Plenty of other folks plug their blogs, websites, stores and clubs, so I call you out, Why the angry attitude towards me?

1. I do not work for Jon, so your comment was well out of line and in very poor taste.
2. I may think that what Jon Caputo is doing is a good thing and while you might not agree, I believe your "rules" say treat eveyone with respect, which you clearly did not do.
3. Get off my back and keep you snide, childish remarks to yourself, I am a grown man, and while I may be new to your forums, I certainly at least deserve the respect given to any human being.
4. What does your temper tantrum have to do with a buying plan for cigars, I would say, someone with your vast posting history, should at least by now know to keep on topic.

Curious as to what cigarblog you run?

What's wrong with Cigarsnobs?
 
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