Originally Posted by NewYorkRanger
Really? With an 18-24 month window? I disagree. While I like to pay for stuff in full, with two kids at home, sometimes shit happens, and I don't have $100 extra cash at the end of some months, let alone $350. If the pre-order time was short, I'd be more likely to agree with you, but for me these long pre-orders are saving goals. I put away $75-100 a month, don't even feel it, and in 8 months time, the shoe is paid for. And then you're still waiting another 10-16 months for the shoe to come in...
I think the idea of "saving monthly" in order to pay for discretionary, luxury items is really just mental accounting to make you feel better about the purchase.
at the end of the day, $700 is $700 is $700. it doesn't really matter if you take it out of your kids college fund today, or if it comes from 18 month savings out of your coin jar - it's worth the same either way, has the same spending utility either way, and is probably roughly the same % of your income either way. you could take that $700 in 18 months and put into your retirement fund, or the college fund, or towards rent, or towards any other things - just as I assume you could do now with $700 you have saved up in some bank account. it doesn't matter, but "saving up" makes you feel better about spending it on shoes
this is much different than saving up for retirement - money you *know* you'll need to be spending later.
this is all a longer way of saying what I said above - if you are ok with dropping $700 right now, that's great. but that's really the only logical way a $700 pre-order should make sense as well.