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I have felt bad about some purchases in the past because I could not find well discounted gift cards to make the purchases with. Then a lightbulb came on. I thought if I got the previous purchase with a 20% percent gift card and then sold that item for what I paid for it, then the discount will be passed along to my next purchase. The wife who does accounting type stuff at work disagrees. She thinks the discount only worked on the first purchase and won't work on future purchases unless I can find new 20% off discount gift cards.
So here is hypothetical scenario:
I start off with $100. I use that $100 to buy gift cards that were disounted 20%. So now I have $120 of buying power at the store. I buy an item at the store for $120 and admire it for a month. Then I sell the item to private party for $120. I take that $120 and go back to store to buy another item for $120. Rinse and repeat for the entire year.
In my mind I retained the extra $20 of buying power with each purchase all year long, am I wrong?
So here is hypothetical scenario:
I start off with $100. I use that $100 to buy gift cards that were disounted 20%. So now I have $120 of buying power at the store. I buy an item at the store for $120 and admire it for a month. Then I sell the item to private party for $120. I take that $120 and go back to store to buy another item for $120. Rinse and repeat for the entire year.
In my mind I retained the extra $20 of buying power with each purchase all year long, am I wrong?