Personal Finance 

True Story About Disposable Income

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From time to time people email me all sorts of things from news stories to questions to funny pictures to something they heard on the street (you can reach me via email, Twitter, or bargainr on AIM, I love interacting with you all on a personal basis). This morning, a friend of mine sent me a story that I thought he read off the internet. Except he didn’t, it actually happened. At first I didn’t believe him and if I didn’t know him in real life, I probably wouldn’t have posted it… you’ll see what I mean:

A manager in my group, Jim, is on the board of his local swim team. The board wanted to raise all the coaches salaries by 5% this year. Jim replied back and said, “I’m not sure if this is a good year to raise salaries. We don’t know if there will be drop off in attendance this year or if the monies made from the snack bar will be as high as in the past. I fear that people won’t have the disposable income this year.”

To which a woman responded….”Why would people be throwing out their money this year?”


(Photo: nsharper)

{ 8 comments, please add your thoughts now! }

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8 Responses to “True Story About Disposable Income”

  1. Funny! She probably is throwing out money, she just doesn’t realize it. Basic financial literacy is lacking in this country.

  2. And was she blonde? J/k!!!! This just proves, once again, that real life is scarier than fiction.

  3. Yet another reason I am trying to get the public schools in my area to increase the availability of financial literacy courses in school.

  4. LOL!! C’mon…that has GOTTA be a blonde joke!

    Why throw it out, when you can burn it in the fireplace and use it to warm up the house?

    • Jim says:

      Hahah, I know, I didn’t believe my friend at first. He could be making it all up, but it’s still funny anyway. 🙂

  5. Tung says:

    Sounds like it could be the same people on the board of our swimteam, which happens to be the people in our home association.

  6. Glenn Lasher says:

    I have been a coin and note collector since the age of five. I’m not collecting for any particular value, mind you, so no, I don’t have anything super-valuable (no Morgan dollars, no gold, etc) but I do have things from various places in the world, and I do have a tendency to snatch up less-used coins.

    Back in the summer of 1988, I took a job at a convenience store/sub shop in the small town were I grew up. One day, a gentleman came in and paid for his sandwich in half-dollars. I dutifully put them into the till in the appropriate slot, and when things slowed down a little, I called over one of my co-workers.

    I asked her, “In the till are six half-dollars. I’d like to change them out, if you wouldn’t mind.” I did this sort of thing all the time, so my co-workers were used to such a request.

    Then she asked me the blondest question I could think of. “What are they worth?”

    “What, you mean are they valuable?”

    “No, I mean what do I cash them out for?”

    “Um . . . half a dollar? You know, like fifty cents?”

    True story.

  7. wow, that is absolutely scary. I am no financial expert but people need to take stock and start educating themselves about the basics.

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