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Old 03-15-2018, 04:21 PM   #21
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poor cat........and poor donor cat..........its not like they can consent to such a thing, although it is my understanding that the owner has to agree to adopt the donor cat.....as much as i love my cats, this not something i would do for precisely these reasons, additional suffering for both cats that they cannot understand..this includes the anti rejection drugs for life..regarding financial ignorance and the "grab the cupcake rather than wait awhile to get two cupcakes" mentality, among my many acquaintances and even some friends and family, it appears to be rampant
Wow I had no idea how involved the process would be. Now I'm even more convinced that the veterinary field is off the rails. I am sure that I could save a fair number people with this amount of cash. And this may be the incentive to do so.
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Old 03-15-2018, 04:49 PM   #22
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Originally Posted by ExFlyBoy5 View Post

I have no real point here...just thought I would share.
Actually, I think you made a good point here.

People often don't know what they don't know. And these people literally do not know how to manage money for the future. Worse, they don't know they don't know.

I know of people who think that good money management is having a credit score above about 740. It doesn't matter that they owe three years wages on their car, vacations, furniture, new skies, etc. etc. Their credit score lets them borrow more so they must be doing it right.
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Old 03-15-2018, 06:15 PM   #23
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We live in a +55 mobile home park. In August we bought 2 new cars. Fortunately everyone we know is MYOB, and never heard a thing a bout them.
P.S. DW paid cash for hers and I put mine on my CC to get cash back, then paid it off.
DW said this was the first car in her life she did not have payments on.
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Old 03-15-2018, 06:26 PM   #24
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A SIL is like that. When her old car needed brake pads and tires she traded it in and bought a new car. "The payments are only $15/month more, and that's cheaper than new tires." Talk about "Kentucky math".

I remember an old Abbott and Costello bit like this but they used 7 x 13 = 28.
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Old 03-15-2018, 06:32 PM   #25
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Yeah. I don't know why this stuff is so amazing but it always is.

About 25 years ago I bought my wife a nice car; Merkur Scorpio super-coupe that Ford imported for a couple of years. She was in a similar circle at work and talking about the fact that I had just bought her a car. Someone asked "OK, but who is going to make the payments?" They were flabbergasted when she said "There are no payments. He paid cash."
Similar story here. I remember a few years ago I was buying a car and planned to pay cash , it totally stymied the office staff how to process the transaction. I was somewhat shocked.
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Old 03-15-2018, 06:42 PM   #26
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A SIL is like that. When her old car needed brake pads and tires she traded it in and bought a new car. "The payments are only $15/month more, and that's cheaper than new tires." Talk about "Kentucky math". ....
A few years ago, I met a good friend for lunch. He had a new truck. He was all excited that he traded his old truck and got a new truck and the payments were the same as on the old truck. The way he was crowing it was like he thought he had taken them to the cleaners.

Then I asked him a question.... how many payments did you have left on your old truck? Then I asked another question... how many payments do you have on this new truck? You could literally see the gears turning in his brain as he figured out that he now had a lot more payments than he had before.

Lesson learned. He still has that same truck.
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Old 03-15-2018, 06:54 PM   #27
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Now I'm even more convinced that the veterinary field is off the rails.
How do you know it was the vet? You seem to be throwing out a lot of unfounded accusations. IME vets will lay out the options - ALL the options - and leave it to the owner to decide. And I've heard from tons of vets who think spending $$$ on pets is ridiculous, for just the reasons we've discussed.

Hell, my vet was hesitant to suggest Rx food for our cat with allergies - granted, the stuff is 3x what our normal food was, but $30/month rather than $10 isn't really a big lever on my budget.
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Old 03-15-2018, 07:07 PM   #28
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P.S. DW paid cash for hers and I put mine on my CC to get cash back, then paid it off.
.
A car dealer let you put the purchase price on your CC?? Was there a charge for that? In my area they don't want to eat the CC costs of that big of a sale.
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Old 03-15-2018, 07:11 PM   #29
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A car dealer let you put the purchase price on your CC?? Was there a charge for that? In my area they don't want to eat the CC costs of that big of a sale.
No sh*t! 6 years ago I tried that same strategy by paying the bill for a new roof on the house using our travel rewards card ($8K). No dice.
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Old 03-15-2018, 07:17 PM   #30
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In these parts dealers limit the amount you can put on a card to $3k or less.
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Old 03-15-2018, 07:17 PM   #31
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A car dealer let you put the purchase price on your CC?? Was there a charge for that? In my area they don't want to eat the CC costs of that big of a sale.
Full disclosure-It was Enterprise Rent a Car, and it was for a 2016 Hyundai Accent with 20 K miles on it. However, DW bought her new Mazda from the dealer and they would only let her put 10K of the total on her CC.
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Old 03-15-2018, 07:19 PM   #32
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Then I asked him a question.... how many payments did you have left on your old truck? Then I asked another question... how many payments do you have on this new truck? You could literally see the gears turning in his brain as he figured out that he now had a lot more payments than he had before.

Lesson learned. He still has that same truck.
My last car had a loan on it only because the interest rate was 0.9% which I figured was going to be less than the inflation rate.

As I entered my last year, I received repeated mailings from the car company telling me that I could replace my now 5 year old car with a brand new one of the same make and model, and lower my payments by about $50 a month. All I needed to do was take out a new 6 year loan.

Your friend is not alone. Nowhere are people like those on this site more desperately needed than in the land of American personal finance.

I now make my loan payments to myself.
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Old 03-15-2018, 07:26 PM   #33
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Yeah... I received a similar call where they could put me in a new 2017 for the same payment as on my 2016. I told the sales person that I had 48 payments left and if they could put me into a 2017 for 48 payments of the same amount that he had a deal. He backpedaled quickly and said it would be 60 payments not 48... at which point I told him to lose my phone number and never call me again.
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Old 03-15-2018, 09:17 PM   #34
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Haha, just today I bought some material to make curtains and put it on my credit card as I do on everything. The check out girl made a comment about how she had heard you could get great refunds and other benefits, but she didn't want to go into debt (good), but when I said just pay it off each month, her mouth dropped open and she looked at me like I was an alien that just dropped out of the sky.
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Old 03-15-2018, 09:18 PM   #35
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Our last neighbors had a new vehicle every couple of years. Expensive, 4x4 pickups and Wranglers. He once bragged about how could they be so stupid to sell him a new vehicle for less $ in monthly payments.
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Old 03-15-2018, 09:21 PM   #36
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Yeah... I received a similar call where they could put me in a new 2017 for the same payment as on my 2016. I told the sales person that I had 48 payments left and if they could put me into a 2017 for 48 payments of the same amount that he had a deal. He backpedaled quickly and said it would be 60 payments not 48... at which point I told him to lose my phone number and never call me again.
Mrs Scrapr got a call from the dealer telling her she could get into her new model Rav4 for the same payment as her current Rav4. She led them on and said great! I'll be right down. Dealer then asked what her payment was. She say zero. We paid cash. <back pedaling>

Technically we took out a loan then paid it off a month later. There was some sort of spiff going on
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Old 03-15-2018, 09:35 PM   #37
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I'll have to remember that one when they call me on my truck that I had a loan for a couple months but has long been paid off.
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Old 03-15-2018, 10:10 PM   #38
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For the first five years after buying my current vehicle I would get letters and phone calls from the dealer every 6 months or so, offering me a chance to trade in for a new vehicle and reduce my monthly car payments. Trouble was, my 0.9% loan had been fully paid off in 36 months. When I asked whether my car payment could be a negative number, the conversation went no further.
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Old 03-16-2018, 05:18 AM   #39
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In Southern California, I'm surrounded by them. Many make great salaries. This is an example how they do it:

It's surprisingly easy to end up living paycheck to paycheck when you earn $500,000 a year - Business Insider
That was interesting. They are not trying very hard to be efficient with their $. I never learned of another person around me that had built the NW that I did at the same pay.
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Old 03-16-2018, 08:31 AM   #40
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At my last company I oversaw the 401K program and our participation rate was only at 50% in spite of a generous company match. We tried to encourage higher participation but always heard the same response - we don't have anything left to put away after paying our bills. This was even true of people in their 40's-60's.

So the articles don't surprise me, and the conversations like the OPs don't surprise me. Members on this forum are clearly the outliers.
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