An Indiana man has just purchased a $25,000 Dodge truck with the change he has saved over 13 years. Wow. While I admire his feat of saving that much change over the years and I really admire the fact that he didn’t buy the truck on credit, I have to wonder how much sooner he could have bought that truck if he had simply put that money in any sort of financial institution. Even if he could have made 4% in a savings account, he could have shortened his savings timeline and made some extra money. Had he been even more aggressive with it, I can only imagine how much more money he would have.
Oh well. At least he used his frugal skills to buy the truck for cash instead of credit.
Good point about the interest bearing savings account. However, I am so impressed that the guy had the discipline to actually keep all the money for so long and not spend it. Now that takes some serious discipline.