Posted on 01/22/2024 10:37:34 AM PST by ChicagoConservative27
When she started shopping for the holidays late last year, Kelly Andersen was struggling to buy her loved ones gifts. So she turned to a novel solution to get through the season: Buy now, pay later.
The 31-year-old freelance copywriter from Los Angeles used Klarna and PayPal to split a variety of purchases into four interest-free payments spread out over a series of weeks. At the time, her upfront cost was about a quarter of the overall purchase price.
But now that January has arrived and the other installments are starting, Andersen isn’t sure how she’s going to pay them off. She’s never missed a payment before and treats debt seriously but has found herself buried under a mountain of micropayments, wondering how she’s going to cover her bills.
(Excerpt) Read more at cnbc.com ...
These are the morons who vote Dem, and will always vote Dem.
“…treats debt seriously but has found herself buried under a mountain of micropayments””…”
No she doesn’t
You borrow money like this, you have a plan. Worst case scenarios included. Otherwise you can’t say you’re serious
Note to self … even a no-interest loan is pointless if you can’t afford to make the principal payments.
But, but, but consumers set a record in December spending. That proved that Vegenomics is working, right ?
Just terrible.
When I went back to college, I would get there so early and went from room to room tearing off the credit card applications they put out for the college students.
My first credit card only had a $300 limit at my choosing. I barely used it and was happier with much less in my life.
We are debt free except for our mortgage and are looking to get that down soon.
Less really IS more.
“She’s never missed a payment before and treats debt seriously …”
Uh no she doesn’t. Most emphatically she doesn’t.
Sounds like she would fit in well on either side of the aisle in Congress.
i will never understand the people who go balls to the wall in debt for christmas gifts.
All that to buy gifts that probably get shoved into a closet or drawer and never used.
Buy now default next week
“Holiday Loan Forgiveness” - how ‘bout it, Joe?
3 people are profiled, all are complete morons.
“I spent all my cash and maxed out all of my credit cards, so I had no choice” mindset to buy concert tickets, video game consoles, and designer fashions [sewn by child slave labor in the far east for $2, sold to you for $2,000].
Zero planning. Zero saving. These people even admit they KNEW they were spending what they did not have and would not pay, and did it anyway.
And these people vote.
And they will vote for the folks who promise to take away your money to give to them.
Dave Ramsey is correct—the grass really does feel better on your bare feet when your mortgage is gone.
They already do.
We’ve got the ‘tax preparer’ business popping up all over my neighborhood again. It’s time for the illegals and lazy to file their returns to get “tax credit” refunds of 8k-10k per kid [real or not, in the country or not, and only available for those who pay no taxes]. They then will get an “refund advance” from the preparer of 50% in exchange for assigning the refund to the preparer. Happens every year here in Los Angeles.
Which the same people will then immediately go back and piss away on concert tickets, video games, and Gucci bags, or wire it back to their peeps back home.
The shops will then close up about May, only to return against the following January.
The simple solution to living beyond your means is with Credit Cards! You pay off one credit card with another. You need to have a continuous chain of applications and cards. It’s important to keep them straight. But with a large fold out flow path chart, it can be done.
i don’t live beyond my means at all.
I always paid cash. Makes life simpler.
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