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You paid cash????????

March 3rd, 2011 at 05:31 pm

WE have used the same guy to install our heat/airconditioning systems for over 20 years. We even used him in our first house.
Yesterday, he came over to start the installation at our spec house.
Dh was telling him about his expensive trip to the emergency room ($7500) and his gall bladder surgery. When dh told him that his hospital bill was over $12,000, the guy asked how dh was going to pay it.
Dh said, I already paid the bill in cash. (we paid in full and received a 15% discount)
The guy could not believe that anyone could have that much cash in a savings account.

This is a middle age guy with two grown children and his own business. I guess he has never had any money put aside in his entire lifetime. I wonder what he is going to do if he ever has to retire?

The funny thing is, he eats out almost every meal. Every breakfast and every lunch, he goes out to eat. He could save a lot of money by bringing his lunch to work like my dh does.

Posted in Uncategorized | 7 Comments »

7 Responses to “You paid cash????????”

  1. MonkeyMama Says:
    March 3rd, 2011 at 05:57 pm 1299175046
    1299175046

    Reminds me the reaction when we mention we pay cash for our cars. Wink
    People, in general, just can't figure out how the heck you do that!

  2. davera Says:
    March 3rd, 2011 at 06:44 pm 1299177878
    1299177878

    I'm not one of them, but some people truly enjoy spending their money to eat out. I have a retired friend who eats dinner out every single night, almost 365 days a year. He and his wife enjoy trying different restaurants in their large town. It is one of his greatest joys in life, and he has earned it by working hard all his life.

    Now, I don't know about your electrician, whether he is setting aside money for retirement or not. But it may simply be that for him, like my friend, this is a daily small luxury that truly adds to his quality of life.

  3. ceejay74 Says:
    March 3rd, 2011 at 08:08 pm 1299182926
    1299182926

    I love to eat out too, but I take Ima's point that he's probably never considered how much he could save (and maybe have cash in hand for a medical emergency) by cutting back a bit. If you manage to eat out twice a day but can't fathom someone having $12,000 in emergency savings, that throws up a red flag to me that there's a lack of financial know-how holding this guy back.

    If you have the money in the bank, there's no reason not to eat out a lot if that's what you love. Heck, Ima used to eat out nearly every night for a while, didn't you? I ate out three meals yesterday for my birthday and went to two coffee shops, too!

  4. Aleta Says:
    March 3rd, 2011 at 09:18 pm 1299187103
    1299187103

    I think that it's great that you shared this with him. We also started the debt free idea later in life, but it only takes one person to open someone's eyes up to the reality of saving. I think your conversation was meant to be. Kudo's to you Ima.

  5. Joan.of.the.Arch Says:
    March 3rd, 2011 at 09:31 pm 1299187868
    1299187868

    Careful! He might think he should charge you more. Wink

  6. Ima saver Says:
    March 3rd, 2011 at 09:52 pm 1299189134
    1299189134

    Yes, Ceejay, I use to eat out for dinner a lot for a while., but dh and I have always been good about eating breakfast and lunch at home. The point is, we can afford to eat out a lot, but have decided to cut down. This guy has no savings at all. I hope he thinks about it a little. (Joan, we got his quote before we told him we paid the hospital bill in cash)
    He knows we are building this spec house with our own money, so he should know that we have quite a bit of cash put aside.

  7. fruitbowlk Says:
    March 4th, 2011 at 04:45 pm 1299257143
    1299257143

    It's funny how people don't think that you are suppose to have money saved away to take care of unplanned expenses. My sister just purchased a car with cash and the alternator when bad and she was getting depress over it I was looking at her like she was crazy. I told her anytime you have a car you have to accept for things to break and you should have the money in the bank to fix it. I told her that why she needs financial peace she said it has nothing to do with financial peace (lol) it has everything to do with having financial peace you are crying over getting a car part replace,rebuild, whichever. if she had financial people it would be an inconvenice but not a crisis.

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