(Topic ID: 258332)

Anyone track pins as physical assets in Quicken (like a car or house)?

By Fezmid

4 years ago



Topic Stats

  • 7 posts
  • 6 Pinsiders participating
  • Latest reply 4 years ago by o-din
  • No one calls this topic a favorite

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    Topic poll

    “Do you track your pinball assets?”

    • Yes, I track everything very closely! 9 votes
      43%
    • No, but I do track my finances and other assets closely 2 votes
      10%
    • No, I don't track anything very closely 10 votes
      48%

    (21 votes)

    #1 4 years ago

    Had a long drive to and from the in-laws for the Christmas break (4+ hours each way), so had some time to think about this. I use Quicken to track all of my finances, and up until now, I had just put pinball purchases into a Hobby category (Hobby:Pinball, specifically). But the more I thought about it, the more I felt it should go into a physical asset like a car or house, rather than just a "it's spent" category. Every year on New Year's Eve, I go to KBB and Zillow to see roughly how much my vehicles and house are worth to adjust the values in Quicken, and pins feel similar from a value perspective.

    So today I made a "Pinball Machines" asset class and when I buy a pin, I transfer the money into that asset (since that's roughly what the pin is worth). When I sell, I pull the money out of the asset class and into my bank account. It's a little more work, but feels more realistic since a pin doesn't lose value as soon as I buy it (NIB being the main exception - but it still has value and should be tracked. That, and I've never bought NIB). I went back through all of my purchases and made the changes for this as well - I've only bought five and sold one, so it was manageable to do.

    I figure I'm the only one this obsessed with financial tracking, but on the off chance someone else is, I'm curious to hear how you manage it! And I put in an obligatory poll, because, well, why not?

    #2 4 years ago

    You’re not obsessed, just accurately running a household . Me too.

    #3 4 years ago
    Quoted from Rush1169:

    You’re not obsessed, just accurately running a household . Me too.

    The vote is closer than I expected - good to know I'm not the only one!

    #4 4 years ago

    KBB is such a joke. I had a car that had a listed dealer trade value of $2300.00 in appropriate condition.

    After I agreed on a price for the new vehicle with no trade, I asked what would the give me for my old vehicle. $200.00 was the offer.

    #5 4 years ago

    I think anything you own and could sell would be considered an asset. How much you want to track is up to you. I keep a spreadsheet of my investment accounts, but I don't include anything else. Mentally I have a rough estimate of what my cars, house, pinball machines, collectibles, etc. are worth, but I don't track them. At one point I had 300 of those stupid Funko Pop figures. Keeping track of the value of all of those would be a nightmare.

    #6 4 years ago

    I just give my insurance agent Ebay listings

    #7 4 years ago

    No. I waste my time doing more important things like reading and posting on pinside.

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