<prompt> Human: Good Morning All,I was informed by a friend about the personal finance forum here, thought I might put myself out there, and hear some feedback before I make a boat purchase because I am on the fence about it...What would you do? Here is my current monthly overhead:965 rent50 gas bill50 electric bill75 cell bill130 car insurance700-800 gas and food monthly expenseOn the high end that equates to 2070 monthly expenses...Currently my take home pay is 3500 a month that is with health insurance, etc etc I do not contribute to a 401KLeaves me with about 1430 left over every monthI currently have NO debt, no credit card debt, do not own a home, no school loans, nothing. I have a 705 credit score as well.I currently have 6000 in the bankThe loan amount on the boat is approx 16,000-17,000 at 6 interest...Payments I am told would be somewhere around 300-325 a month on a 66 month 5.5 year term, and insurance is about 300 a yearWhat is your guys input? Thanks for the help !  <response>: You just have to acknowledge that you are forfeiting serious earning power in tax-advantaged retirement savings to purchase a luxury, and not only that you are going to take out a loan for a luxury something I would never recommend doing at 6. MAYBE if it were at 2, or if it were a very short term... Its certainly not a financially optimum decision, if thats what you were asking. Can you afford it? probably, but that doesnt mean anyone here will recommend it. You have much better things you can do with your money, it can be earning you 6 a year, instead of costing you 6 a year. 