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Hot Rods Do you keep track of how much money you spend on your Hot Rod

Discussion in 'The Hokey Ass Message Board' started by FatfenderJ, Nov 14, 2010.

  1. Ranunculous
    Joined: Nov 30, 2007
    Posts: 2,460


    Haa haa,I feel your pain!

    During the first part of my truck build I was fortunate to be able to trade beadblasting for other labor and rode that horse for all it was worth.
    Now the money end comes in and good progress has been made.
    Trouble is,lust is a visual entity and costs money to satisfy the desire?

    I sure miss that aluminum carborundum....
  2. i kept very few receipts on my first car, tried to be more efficient doing it on my second and saved most. on my third i think i just lost interest in doing it and worked on the car not really caring how much the parts cost. no sticker shock later.
  3. thewildturkey46
    Joined: Dec 4, 2005
    Posts: 746

    from Rice, MN

    I have a folder for each car for the receipts, and a log book listing every thing spent...bolts, sandpaper, cash items from swap meets, etc, each page is totaled and brought forward to next page...............why? just because. It will really scare you when you add every nickel up!! HaHa.....but I still do it just for kicks. My wife doesn't look at the books.............she could, but never asks how much. After 45 years she knows she isn't going to change me anyway.
  4. norms30a
    Joined: Jul 17, 2008
    Posts: 565


    Yes, I keep a clip board in my shop and write down everything.
    I write down what I bought, when I bought it, where I got it, and how much it cost.
    I also photograph the project from start to finish with lots of photos, digital cameras make that cheap and easy to do. I also keep track of my hours every day.
    When the project is done I put together a photo album in order from start to finish and on the last page I put the build sheet.

  5. banginona40
    Joined: Mar 5, 2007
    Posts: 758


    I record all expenses on an EXCEL spreadsheet, 'cept maybe some nuts and bolts.
  6. I have a folder but I just put receipts in and the folder never comes out of the drawer. I see no reason to depress myself on the cost when I'm having do much fun. Maybe on my death bed I will truly care.
  7. unkledaddy
    Joined: Jul 21, 2006
    Posts: 2,864


    Not at today's prices I don't!
  8. chubbie
    Joined: Jan 14, 2009
    Posts: 2,307


    YES I DO! I have all my receipts from several cars. I added up the last one ,I spent about $3000 less than i thought. it helps to value a car, but mostly i use the receipts for the part numbers, very usefull.
  9. Captain Chaos
    Joined: Oct 16, 2009
    Posts: 589

    Captain Chaos
    from Missery

    I kept track once about 15yrs ago, NEVER again .
    If you can't put a price on happiness and the car brings your happiness then it doesn't matter.
    If your wife asks, just say no but i have kepot track of how much I invested in you !
    PS have beer and porn cause stocked up cause you may end up on couch for a few days LOL
  10. fadt
    Joined: Oct 3, 2010
    Posts: 128

    from England

    yep I know exactly how much I have spent.
    One bathroom
    Five holidays
    Two new cars
    and a pension scheme.

  11. Leevon
    Joined: Oct 5, 2009
    Posts: 401

    from Nixa, MO

    I keep all receipts and related paperwork, and write down every expense on a ledger except consumables. I find that I always spend alot more in cash transactions than I can remember. Hope not, but maybe one day I'll be glad I do this for an insurance claim.

    One benefit is showing a ledger to a buyer, did that on a Harley build and it went along way with the guy. He negotiated a little and when we got to my number I just asked him to take a look at the ledger. I priced it fairly and could justify the price and he agreed. Plus I sent all the receipts with him which I think was appreciated. It's much more effective than just "yeah, I got $20k into it".
  12. Boeing Bomber
    Joined: Aug 5, 2010
    Posts: 1,079

    Boeing Bomber

    GOD NO!!!!! I also try to forget how many HOURS of labor I have invested. You'll never get it back. but then...that's not what it's all about, is it?
  13. 2manytoys
    Joined: Feb 24, 2009
    Posts: 225

    from Fresno

    I record all my expenses on my Divco since this truck will be part of the business. I do this due to IRS, DMV and insurance reasons. Now my time, fabrication, hunting and trading parts, cutting up donor vehicles, etc is not that easy to do.
  14. Rs2
    Joined: Dec 12, 2009
    Posts: 59


    I used to race gokarts a while back.... people used to ask me ... how much does it cost in this sport... I'd tell them . I don't know and If I did I wouldn't be doing this anymore.... been that way for every hobby I have ever had too !! and yes never let the wife know how much fun costs !!!
  15. Fitty Toomuch
    Joined: Jun 29, 2010
    Posts: 238

    Fitty Toomuch
    from WVa

    I have folders for each vehicle I own. To keep track of when a part was replaced, and have record of warrenty reciepts. I love to go to parts store with an 8 year old reciept and get a new part, laughing inside, at the managers faceal expression, without whipping out the card or wallet.
  16. enfieldjoe
    Joined: Jun 5, 2009
    Posts: 839

    from Eustis, FL

    I keep the receipts and then my wife is good enough to enter the information into an Excel spreadsheet of the costs. I track the spending in an effort to stay within my budget.

    My wife is excellent about supporting my hobby.
  17. seventhirteen
    Joined: Sep 21, 2009
    Posts: 721

    from dago, ca

    i start a folder with every car i own, put any reciepts and timing slips in it, i don't add it up but is nice if a part fails to have a reciept. also if i sell the car i can pass off the folder
  18. I keep all of mine.
  19. 8FLEET9
    Joined: Feb 9, 2009
    Posts: 733

    from MASS.

    if you mean reciepts & hard facts, no. if you mean a rough idea of some meaningless number in my head, yeah sure. who doesn't?
  20. WQ59B
    Joined: Dec 14, 2005
    Posts: 2,532


    I have kept track of every dollar, and I even keep a running total.
    Before I started the project, I read a ton & made my own estimates on what each area of restoration/modification would cost. For a long while, my actual costs were under what I'd estimated.... then bodywork came into the pic.
    Still content with the cost spent, esp since I made efforts to pay for it 'on the side' (vs. paycheck money)... but actual engine-building costs are NOT looking good.
  21. Don't want to know,cause I know you can buy one cheaper than build,I wanted so I don't care about the cost.
  22. yellow wagon
    Joined: Jun 13, 2007
    Posts: 612

    yellow wagon
    from WI

    Other than gas, I have every receipt ever spent on my Chevy. Wouldn't dare add them all up
  23. FatfenderJ
    Joined: Oct 6, 2004
    Posts: 170


    I thought I was doing this build on a shoestring since it really is just a side track to my 47 ford sedan. I'm thinking there is no such thing as a shoestring or I just haven't figured it out yet.

    Here's the figures:
    $1200 Nice two door hard top 65 Coronet no rust. No motor, No Tranny. Primer. Basket Case
    $200 Running 440 Cast Crank out of Pick-up.
    $340 New heads and Valve job because motor had incorrect small valve heads and other issues.
    $767 Motor incedentals. Cam, Timing set, correct oil pan, headers, flywheel.
    $170 4 spd tunnel
    $475 Tranny with wrong bell housing. Craigslist deal my bad.
    $300 Big Block Bell housing.
    $50 Used Clutch and New Throw out bearing.
    $400 4 door parts car. Not a great price but helping out a friend.

    About $800 to go in 4 spd conversion parts. Needs Brakes. I have wheels and tires off my 47 I'm going to use for now. SO 5g should get me a primered running driving mopar that is not particularly popular. No time recorded. Sorry honey I sure appreciate your support and patience. -J
  24. 1941ihkb5
    Joined: Feb 19, 2009
    Posts: 338


    The big dollar items stick in my head. But all the welding wire, argon, oxygen, all the small stuff I never keep track of.
  25. Philbilly
    Joined: Dec 21, 2008
    Posts: 1,294


    I kept up with what I spent on my Mercury just because I knew I would probably end up selling it, which I am. As for the '59 Galaxie I bought, I plan on keeping it so I'm sure if i keep track or not.
  26. hotrd32
    Joined: May 16, 2007
    Posts: 3,503

    from WA

    Unless it's tax deductible, I don't keep track of how much I spend on anything I do for pleasure.
  27. The Shocker
    Joined: Dec 30, 2004
    Posts: 3,538

    The Shocker

    Yes ,and i will tell you why.I have a bad habit of buying other peoples unfinshed projects at their loss ,then spending $$ and doing work on it in the right places (usually more than the PO did),and flipping the old car or truck for a nice profit when i get ready to move on to another or trading up.I know this sucks ,but this is a capitalist world we live in .I try not to spend more than half of what i can get for it when im ready to sell.I like to get paid for my efforts and labor costs with the other half.Okay you guys can give me the finger at will :eek:.I started with a 54 Chevy car 12 years ago that i paid a grand for and 8 cars later sold the last one a 56 Chevy for $15,000 usng $ that i made from the last to buy the next and got paid for all my labor each time. BTW ,i love old cars and trucks ,so why not make a little $$ while im loving them ???
  28. Bob K
    Joined: Mar 3, 2001
    Posts: 5,773

    Bob K
    Member Emeritus
    from Antigo Wi.

    Yes I do but then I am always afraid to total them up.

  29. falcongeorge
    Joined: Aug 26, 2010
    Posts: 18,341

    from BC

    I keep track. Makes me feel a little queasy sometimes.
  30. I made a big file for our roadster build. Kept all the receipts and made some for those larger swap meet items. Now that it's on the road I thought maybe it's time to add things up?

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