A friend in Pocatello had a winning lottery ticket. He woke up last week to discover that he had won $50,000 as the consolation prize in the latest Idaho Raffle. He drove to Boise and was presented with a large ceremonial check, but the real one amounted to just over 35,000 dollars after taxes. He decided to buy his fiancée a ring. Jewelry isn’t cheap. I was at a gas station and talked to a woman this week who told me her son went to buy a ring for his girl. He had 400 dollars. He was crushed when a jeweler laughed at him. The last time I bought a ring for a woman (a dozen years ago), I spent 2,500 dollars. Precious metals were cheaper at the time.
Headaches Ahead for Prize Winners
My friend will incur additional costs when it comes to marriage. Probably a honeymoon, some furnishings, and maybe he wants to put some money away for a rainy day. Good luck on that count, too, because he’s suddenly…..