My coworker drives a paid off vehicle, lives with a roommate, has few bills, and says he saves a good bit of money.
Yesterday, he told me that he looked at a 2014 truck that he had to say no to because it would've cost $900 a month for 7 years! Some quick math made me question this egregious amount and he countered that he recalls factoring in all the costs (insurance, gas, etc). Still...
Later that day, he was perusing the interwebs and found two other pickup trucks that were in the $40k-$50k range. In asking for my opinion, I said they looked nice but suggested he save the money instead.
Him: "I save now, i'm tired of saving money."
Me: "Do you contribute to your retirement?"
Him: "Yeah, the max...6%."
Me: "The max is $17,500 for the year, not 6%. You can contribute 10, 15, or even 20%."
He continues to argue about the max and then the conversation trails off.