On Monday January 9th (1st segment of the 2nd hour) Elizabeth wrote Dave about her day at the gym.
“I was at the gym today and overheard 2 women talking about Christmas. One woman
proudly told her friend that she bought her daughter a cat for Christmas. The best part was when she said “I put it on a payment plan, it’s only $19.95 a month.”
This prompted Dave to ask listeners to jump in with the “Dumbest thing you ever
financed.” Instantly, Twitter followers sent in their responses.
Some of the best responses (including one I submitted)
Cigarettes. I used to buy them on a credit card- A tax bill
- RCI timeshare
- Lotto tickets
- A waterbed mattress in 1987
- I got a loan to finance my stock market trading idea
- Bar tabs. Still paying them years later
- My lasik eye surgery. I kept wondering how they would repo them if I didn’t pay
- A 1984 Macintosh computer with all the extras. Over $3,000
- A cash advance to a Nigeria Prince who really needed my help
- We financed a fitness machine in January 2003. It was a great clothes hanger
- My ex-wife and I once financed $1,000 worth of Mary Kay cosmetics for the garage
- I used a student loan to buy a new hunting rifle. Is there something wrong with that?
What was the dumbest thing you ever financed?
We’ve all done stupid things with money. It’s hard to spend every penny just right, but making a bad financial decision it isn’t the end of your chances for a taking vacations or saving for retirement. However, continuing to make poor financial decisions will.
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This one was quite unique