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Old 10-09-2008, 05:10 PM   #1
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Where fencing fits in your wallet.

Raise your hand if you do not make enough money.

*Raises Hand*.

This thread pertains more to the competitive, traveling fencer than the recreational ones. Don't even bother to reply if your parents are currently paying for your fencing (but do reply if you are a parent of a fencer and you're paying for all of this).

When I started supporting myself financially, pretty much the first thing to go was competitive fencing. You can't really do it on a low budget.

Things have gotten more expensive lately, and I've found that I'm making decisions between other expenses (cell phone, small entertainment), and my other hobby, lifting.

My questions "Where does fencing fall on your list of financial priorities?" and "Will you be, or are you currently in financial debt due to expenses incurred from competitive fencing?" and if so "How much debt are you in/willing to be in?".

This could get interesting.
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Old 10-09-2008, 05:40 PM   #2
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I'm not willing to be in much debt for fencing, but I spend a considerable amount on it. I owe a negligible amount on credit cards, only for my most recent tournament, and only for the hotel and a few small purchases. I try not to carry a balance on my credit cards for more than a couple of months. Considering that the most recent tournament involved paying for two plane fares to Europe, that meant I had to dig deep in order to pay things off, and there were a couple of tight months.

I'm older, have a reasonable income, and have a spouse with a reasonable income, so I don't have to do without food or rent in order to fence. However, my husband is self-employed and his income is widely variable, and in the current market situation I've been watching my pension dwindle.

I have an arrangement with my club ensuring that they don't automatically bill my credit card for lesson fees, as they do with other members; I've been a member for fourteen years and they know that I'm good for the money even if every couple of years it takes a while to catch up.

Now I'm busy trying to figure out how I'm going to pay for Moscow next year.
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Old 10-09-2008, 06:16 PM   #3
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Quote:
Originally Posted by D+F+P=Hadouken! View Post
"Will you be, or are you currently in financial debt due to expenses incurred from competitive fencing?"
No.
Quote:
Originally Posted by D+F+P=Hadouken! View Post
"How much debt are you in/willing to be in?".
None. I never want to be in debt and will never put my self in a situation were I owe.
Always pay in full and never take out loans.
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Old 10-09-2008, 06:20 PM   #4
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Quote:
Originally Posted by Cry_Me_A_River View Post
I never want to be in debt and will never put my self in a situation were I owe.
Always pay in full and never take out loans.
"Always" is quite extreme. House? College?

But I certainly wouldn't go into debt for fencing.
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Old 10-09-2008, 06:21 PM   #5
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"Always" is quite extreme. House? College?
Damn right.
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Old 10-09-2008, 06:28 PM   #6
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Welcome to reality.
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Old 10-09-2008, 07:33 PM   #7
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If only there was a company that would buy up all fencers' debt at a discounted price, package it and then resell it to a bank where they could make it a securitized product on the open market.

Oh wait, that would cause a sub-prime (pronouced: preem) crisis!
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Old 10-09-2008, 07:40 PM   #8
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Quote:
Originally Posted by Grasshopper View Post
If only there was a company that would buy up all fencers' debt at a discounted price, package it and then resell it to a bank where they could make it a securitized product on the open market.

Oh wait, that would cause a sub-prime (pronouced: preem) crisis!
When you have to explain your joke, it's not funny.
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Old 10-09-2008, 07:48 PM   #9
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Quote:
Originally Posted by Cry_Me_A_River View Post
No.

None. I never want to be in debt and will never put my self in a situation were I owe.
Always pay in full and never take out loans.
No cash debt, yet, but plenty of oxygen debt for me.

"I theeenk it's affecting me brayne!"
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Old 10-09-2008, 08:00 PM   #10
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If only there was a company that would buy up all fencers' debt at a discounted price, package it and then resell it to a bank where they could make it a securitized product on the open market.
Then get bailed out by the government so we can throw a lavish party and invite all of our clients...
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Old 10-09-2008, 09:35 PM   #11
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Pirates don't go into debt. I am in agreement with Cry Me A River. I don't like to owe anyone, and I like good quality weapons and protective gear. I've cut corners with second-hand bags, shoes, and tools, and bring my own snacks to tournaments. If I can visit a friend, attend a relative's wedding, see a show, or take a mini-vacation, I can justify the airfare/hotel to a long-distance event. But, I can see cutting wa-a-a-y back next year, quietly building up skills, and going to a few local tournaments.
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Old 10-09-2008, 09:44 PM   #12
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Pirates don't go into debt.
The RIAA begs to differ.
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Old 10-10-2008, 01:11 AM   #13
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I count myself lucky enough to be amazingly comfortable in real life - prolly 'cause I do not need that much in material dept. : books and music being a not such expensive pair of vices; but as far as fencing goes - I can not afford the best of "everything", as I do not consider debt a possibility.
I get absolutely "top of the line" blades, wire, tips, guards, handles, gloves and shoes; the rest are just outta control price wise. I try to take extra care with all of the equipment, but somehow have a knack of destroying or losing it rather often. As a matter of fact in St Lou I'll have to get a new jacket, knickers, couple of blades, and shoes.
Cheap hotels and odd flights usually chap my hide , but c'est la vie, and it is better than not going at all; although I can attribute at least 1 atrocious NAC to a crappy travel schedule.

Lessons and coach travel - I'm at about 60-75% of optimum.
In other words - it's a bit of a juggling act - but I'm not sure that there's a lot left to cut.

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Old 10-10-2008, 01:14 AM   #14
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I don't have to pay for my club because I'm the armorer. I do, however, pay for all equipment and tournament stuff. My club has a deal set up where fencers can earn a decent amount for use towards fencing by doing some volunteer work. That's part of how I support it, although being that I no longer work, I think it will soon become all of how I support it.
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Old 10-10-2008, 02:16 AM   #15
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Old 10-10-2008, 04:29 AM   #16
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Grad student definitely equals not enough money...

Right now my other expenses are quite minimal, but fencing is expensive here and I don't make much . I don't have a full sense of my budget having just changed locations/sources of income but as I figure it out we'll see what has to go. I can go to a university club for cheap, a good club for a lot, and lessons there cost even more, where if I were to keep things up continuously at the good club I'd be looking at 3500/year. If it turns out I can't handle that, I can definitely see myself giving up the expensive lessons and the expensive dues and relying on outside arrangements for semi-consistent coaching. Probably the first place I would cut would be being more selective about tournament selection, but time constraints might make membership at two clubs impractical anyways, so cutting out a membership there is also a definite possibility. I don't think I'd go into debt for fencing at this point. Right now I can also keep a decent amount open for fencing because I'm in biking distance of my clubs and can carpool for tournaments. Not needing to put away hundreds of dollars a month on parking and insurance, let alone gas, maintenance, and car payments, frees up a lot.
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Old 10-10-2008, 08:31 AM   #17
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I just got a new job, so I'm trying to put some money away so I can get on my feet as soon as possible. Which means it's time to prioritize what counts as a necessary expense and what doesn't, and exorbitant club fees are out of the question. There's a slim chance I might have enough put away in time to be able to go to the Atlanta NAC, but I'm not holding my breath. Fencing has mostly gone on the back burner for the immediate future.
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Old 10-10-2008, 10:57 AM   #18
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Fencing owns my wallet. It loans me the wallet to put money in until it wants it.
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Old 10-10-2008, 12:23 PM   #19
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Interesting responses so far.

I'd like to hear from some fencing parents.
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Old 10-10-2008, 12:33 PM   #20
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If I could type over the cacophony of the airstream howling into the black hole that has taken up residence in my wallet...ahh...the tales I could tell.

But not without weeping.
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