I had a conversation with a good friend of mine not long ago. He was telling me about the "great deal" he got on his brand new 2008 3 passenger jet-ski (which was bought on a credit card!!!!!!
). He was telling me "how much money he saved" by going to another dealer with a line of BS.
I asked him if he put the $2500 difference that he "saved" by getting it somewhere else in a savings account. His reply was "of course not, I don't have that kind of cash!" I tried to explain to him that he didn't really "save" anything then. (
insert blank stare here.)
Dope. He applied for, and received, a high limit credit card that had a low cash advance rate. Yup, you guessed it, he took the max in cash and went and bought a jet ski.
I keep telling him that I will be sad that we won't be able to spend any of our retirement time together, but I would be sure to come visit him while he was at work.