More Americans are financing groceries with buy now, pay later loans, and more are paying those bills late

[The Pledge]

Yep and also they can’t keep up with demand. Them lines are getting longer and longer

Modern day bread pick-up lines. Happening right in front of our eyes.

 

[DJ Paul's Arm]

When people reach a certain status, their pride won’t allow them to go back down a notch. Better put down that ribeye and go back to peanut butter sandwiches for dinner. I know I can. The benefits of growing up poor.

 

[Chrishaune]

When people reach a certain status, their pride won’t allow them to go back down a notch. Better put down that ribeye and go back to peanut butter sandwiches for dinner. I know I can. The benefits of growing up poor.

The indoctrination of grocery stores having everything ready for people and the length of time since this country has really had hard times has people blinded to reality of what could change in the near future. Shelves could be empty and it could be on everybody individually to make sure they can make it everyday.

 

[ajnapoleon]

"i Blame Biden and harris"


lets just this out the way because i know thats what he will say

 

[winb83]

I put all my groceries on a credit card that gives me 6% cash back and just pay when the statement balance is due. I couldn't imagine putting groceries on a buy now pay later plan. That's a recurring expense and next month you'll need more of them. It's a good way to stay in debt forever. Maybe try Aldi or Save-A-Lot to cut cost.

I used Klarna before for bigger purchases. Groceries though? You’re going to need food again before you pay that bill off. That shyt is payday loan status if you use it too much. Can’t imagine using it for regular daily shyt like buying food or paying bills.

I just bought a new TV and put it on a 3 month payment plan on my credit card. I got 5% cash back on the purchase and the plan cost me about 2% of that cash back so technically no money directly from me.

 

[Cloutius Maximus]

When people reach a certain status, their pride won’t allow them to go back down a notch. Better put down that ribeye and go back to peanut butter sandwiches for dinner. I know I can. The benefits of growing up poor.

I'm pretty sure there's options between ribeye and peanut butter sandwiches for dinner. Chicken breast and rice maybe?

 

[jerzboy]

It’s very high interest
I used it for an AirBnB & later realized the huge interest

Affirm and PayPal. They both have no interest if paid off by a due date. I think affirm has a set amount it will draw from your account. Klara used to be good until they started applying interest from the date of purchase. Affirm is actually dope, cause it teaches young kids credit and how to properly make payments.

 

[winb83]

Affirm and PayPal. They both have no interest if paid off by a due date. I think affirm has a set amount it will draw from your account. Klara used to be good until they started applying interest from the date of purchase. Affirm is actually dope, cause it teaches young kids credit and how to properly make payments.

They aren't really teaching people anything. They're removing the friction from a purchase so people will buy things they either wouldn't normally buy or can't really afford. It's reverse layaway. They know that if they give you the item now and you can make payments you're more likely to buy it than if you had to save up and get it. That's why stores offer it and are ok with 0% interest but they still pay those companies.

The policy still should be never buy anything that doesn't appreciate in value if you don't have the money to pay for it outright and not be inconvenienced by doing so. I'm not saying don't take a payment plan. If people follow that rule it doesn't mater if the interest is backdated to the purchase day cause they'll never pay it.

 

[Shadow King]

Has anyone blamed people for their car notes yet?

 

[UpAndComing]

Westernized countries have went head first into being Consumerist societies ever since they abandoned majority of manufacturing and agriculture industries overseas. Since they took advantage of cheap labor from 3rd world countries to get cheaper products, it created a culture of "buy buy buy at all costs"

Now the chickens are coming home to roost

 

[jerzboy]

They aren't really teaching people anything. They're removing the friction from a purchase so people will buy things they either wouldn't normally buy or can't really afford. It's reverse layaway. They know that if they give you the item now and you can make payments you're more likely to buy it than if you had to save up and get it. That's why stores offer it and are ok with 0% interest but they still pay those companies.

The policy still should be never buy anything that doesn't appreciate in value if you don't have the money to pay for it outright and not be inconvenienced by doing so. I'm not saying don't take a payment plan. If people follow that rule it doesn't mater if the interest is backdated to the purchase day cause they'll never pay it.

Agree to an extent. People purchasing stuff they wouldn’t normally buy, that’s on the buyer. This should be within the individuals self control. But let’s say a new couple needs to purchase some dining wear. The payment plan is better than putting it all on a credit card. Affirm shows you what you’ll pay monthly; this is on the individual to know they can complete this.

 

[Sir Richard Spirit]

I booked a Airbnb through Affirm not too long ago. I paid almost no interest.

 

[Da King]

capitalism

 

[hashmander]

financing food? you can't do that shyt. if it's that bad you have to find a food pantry or something. i wouldn't recommend going into debt for a tv, but at least that shyt is still being used by you a year from now. food is literally gone to shyt in less than a day.

 

[Tribal Outkast]

I booked a Airbnb through Affirm not too long ago. I paid almost no interest.

Yep.. just make sure you have the money when they come to collect.