Do I blow my savings?

[nickyboy]

Anybody who spends all their savings on anything is an idiot

 

[User16625]

I have (after a beer fuelled evening) now got a gap in my fleet

After browsing around Ebay and the like I really want to treat myself to a Specialized Venge or something along those lines. I wasn`t going to spend a huge amount to begin with but am now considering blowing my savings of about 4K on a seriously nice road bike - instead of a car.....yawn.

The justification is that it`s my 40th birthday present to myself (ok, my birthday is December, but that`s a minor detail), but the thought of spending money like that on a bike scares me. Been stewing on this for a fortnight now, what do I do? I sure as hell don`t know!

Blow some of the savings, yes. I plan to do just that in a few weeks on a new full sus MTB.

 

[speccy1]

The OP is demonstrating a complete lack of financial acumen in thinking of spending his four grand savings on a bike. A more sensible option would be to use the money as a deposit and buy an eight grand bike with the rest on finance.

They really ought to teach economics in schools these days, some people have no idea.

I beg your pardon???? How dare you

Not that it matters a sh*t to you but I don`t do finance, never have done. If I want something I save for it.

If you want to be rude and insulting go and ruin somebody elses thread

 

[Gravity Aided]

 

[speccy1]

I may be wrong but I think @Smokin Joe was posting for comedic effect (and funny it was)

Well if was meant to be funny I didn`t see.

Perhaps I`m crap at humour as well as my own finances then................

 

[Vapin' Joe]

Well if was meant to be funny I didn`t see.

Perhaps I`m crap at humour as well as my own finances then................

Sorry if I touched a nerve, but I thought the humorous intent was fairly obvious.

 

[EltonFrog]

I beg your pardon???? How dare you

Not that it matters a sh*t to you but I don`t do finance, never have done. If I want something I save for it.

If you want to be rude and insulting go and ruin somebody elses thread

Calm down, he wasn't being rude. It was a joke.

 

[speccy1]

Sorry if I touched a nerve, but I thought the humorous intent was fairly obvious.

Apologies SJ, I took it the wrong way, having a hectic day and didn`t read it properly. Sorry I bit your head off

 

[MarkF]

Well that was funny.

If I want something I save for it.

You said it, I am the same, had a Harley, had a Morris Minor, had a Rolex, still got the vintage Vespa and I've had enormous pleasure out of owning them all. I'd saved for each one, that's what you do it for as a normal guy isn't it, to "live" a bit? Always nice to own something special.

 

[Vapin' Joe]

Apologies SJ, I took it the wrong way, having a hectic day and didn`t read it properly. Sorry I bit your head off

No probs.

For the record, I've never bought a bike on finance either. I've used a credit card for convenience, but had the money waiting to pay it off.

 

[potsy]

I think the fact that even in your original post you use the word 'blow' means you already know it's a daft idea.

No way I would spend my entire savings on a pushbike (or anything else for that matter)

 

[Globalti]

I've just stopped paying into my pension and my company is giving me the topups in cash.

I asked a buddy who has a background in insurance what to do with the extra cash and he blathered on about ISAs and interest rates.

I asked my cycling buddy and he said: "Spend it on a superbike!"

So I did, and I reckon it's a better investment as it will keep me fit and happy for years to come.

 

[potsy]

I've just stopped paying into my pension and my company is giving me the topups in cash.

I asked a buddy who has a background in insurance what to do with the extra cash and he blathered on about ISAs and interest rates.

I asked my cycling buddy and he said: "Spend it on a superbike!"

So I did, and I reckon it's a better investment as it will keep me fit and happy for years to come.

Which is a little bit different from spending your entire savings

 

[User16625]

Apologies SJ, I took it the wrong way, having a hectic day and didn`t read it properly. Sorry I bit your head off

Dont think too much into it. I actually read it properly and having now found out it was a joke, still dont get it. Oh well.....

 

[bigjim]

Spend it on cycling holidays. Buy memories and experiences. Then come on here and tell us all about it. I reckon we would be more interested in your trips than your bike.