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LOL!!!!Limits are for quitters!
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I don't have a specific number, but my limit is when I start having trouble rotating my bags. I don't want any of them sitting in my closet collecting dust. If I go by more than 3 months without using them, I force myself to do it. If it feels like a chore, I start considering selling the item that's making me feel that way.
Right now, I feel I'm near my limit. If I buy a new bag, I'll probably make myself sell the bag that's being used the least.