$1K would buy a good bike.

That's a similar decision I had to make recently. A friend was going to sell me a truck for around $1k. It was a really good truck for the price. A great deal if I had wanted a truck. Then I started thinking about it. 1) I don't NEED it 2) I don't think I even WANT it. If I had a car, it might keep me off my bike sometimes and I wasn't willing to pay money to tempt myself to skip the best part of my day.

I COULD have taken that $1k that I was prepared to spend on the truck and bought a bike. But I decided that my old faithful bike has more miles left on it and it can wait. So the money went into 401k. Now, let that guy lecture me about managing my finances!