quote:
I'm not 22. I'm 27 and I know that's still young so I'm not trying to act like some old wise man.That is when I messed up my credit. I highly doubt the 2nd largest company in my field(multibillion dollar company) in the world is going to close shop. I have a 401k with close to 60k(I know it's not enough to last forever) in it plus my fiancé is an RN so in the rare event that something happens to me I can make it. I spend a lot of time in my truck so I want something nice. Plus you can write off more if you buy brand new. I've been disciplined enough to pay off all my debt and have worked my way up to a fairly high paying job and a nice truck is my reward. I have set up a savings account that 35% of my pay is direct deposited in so that's some of the money I will be saving. I plan on setting up auto bill pay for it and I will double up payments on it. I have learned a lot over the last few years and have gotten a lot better. I want a nice truck and that is the one place I plan on spending a little extra.

Ok, then your nice truck is your reward. Trying to justify it as the wise financial decision that it's not (building credit, "writing off", etc.) is silly.

The world's second largest company in your field could decide to close up some portion of its operations, shite happens. 60k could be more than a solid emergency fund depending on your expenses per month, but not in a 401k.

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Posted by DanielTosh

Member since Feb 2014

32 posts

Posted on 2/26/14 at 11:03 pm to Dead Mike

quote:
Ok, then your nice truck is your reward. Trying to justify it as the wise financial decision that it's not (building credit, "writing off", etc.) is silly.

I'm not saying it's the wisest decision in the world but at least I am putting money back. Almost everyone I know making close to what I make spends every dollar they have. They have nice things but no cushion. I will have a cushion and a nice truck that costs 10k less than their trucks.

Also just because my company cuts back enough to let me go(highly unlikely) doesn't mean I can't find the same job at the 100+ other companies that I could find work with will cut back. Plus I'm 100% confident a lot of people would be let go before me.

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