[Spyne98]

Just to chime in on what Captain Nash and other were discussing, I decided to cut back pretty hard this year. I still ended up buying a bunch of Marvel Legends (last count it was up to around 70 or so). That's still a lot of figures. At around $20 each, that's about $1,400 on Legends alone.
I actually took a chunk of time and organized all my legends into storage bins yesterday. I just moved into a house and once the basement is finished, it will be my display area. In terms of organization and collecting habits, what I have decided to do is continue to buy all the X-Men characters since they are my all time favorite subgroup.
I'm still in for most Spider-Man and street level characters, but I'm not buying everyone anymore. Just characters that I really like.
Avengers is being cut down to who I consider core Avengers members and some villains, like Masters of Evil and such. There are supporting characters in there too (like other Thor, Hulk, Iron Man and Captain America characters).
Lastly, I'm keeping a decent amount of cosmic stuff (in my mind the Fantastic Four falls under that). But I got rid of a lot over the past year and I still have some more to sell.
I agree that there is a lot of product each year and it is hard to keep up. I personally don't even try to cherry pick anymore if I have no attachment to that character or design. Maybe it's just me, but that's how I plan on collecting from here on out. Other stuff might change down the road, but I feel very comfortable with my habits at the moment.