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

[Sir Richard Spirit]

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

I think I slipped out on the interest because I paid it quick. It was for family and I was the only one who suggested paying for the whole thing. Everyone paid me right back before the first payment was due.



Honestly, if I did a buy now pay later for food. I doubt I would pay it back either

 

[DJ Paul's Arm]

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

Rice is already expensive and I’ve seen a surge in a 12 pack of chicken thighs which is one of the cheapest cuts above drumsticks. A pack of thighs use to go for $5, now I see them going for $8+ depending on weight and this is at Walmart.

Chicken Breasteses are super expensive due to the protein. A 4 pack of chicken breasteses will run you $12-15.

Forget about the prepackaged frozen chicken options. Once you thaw them out and cook one breasteses, you’ll only get 2 bites easy.

Shieeet

 

[downtheline]

I use Affirm for hotel rooms

 

[The Intergalactic Koala]

I use Affirm for hotel rooms

We have done this numerous times during our downbadism days .On a brighter note, the wife was damn near diamond status from us holding it down until we had to give up the ghost and face the inlaws during that period of our lives

shyt, right now we already laid out the plan to do meal kits and Aidi/Wally World the additional things. Its all about budget and tapping into what will last the most, versus what seems good for that one night.

Spaghetti and veggies can stretch like a mofo

 

[JNew]

I pay for groceries on a bank credit card and pay it off a few days later because I get 3% cash back

 

[winb83]

Has anyone blamed people for their car notes yet?

If you buy a car and you don’t have enough liquid cash to wipe out the loan if necessary yeah that’s on you. A lot of people don’t seem to get that you can’t be driving around in a car you can’t afford to pay for because cars break down and have maintenance cost associated with them.

 

[sayyestothis]

Gotta start growing a garden when it's that bad.

People will have to start teaming up and farming again.

Guaranteeing u ppl financing groceries aren't financing fresh veggies breh...

 

[benjamin]

dang, financing groceries... Be thankful brehs.

 

[King Poetic]

Back to

And kids school lunches

 

[Conan]

If you buy a car and you don’t have enough liquid cash to wipe out the loan if necessary yeah that’s on you. A lot of people don’t seem to get that you can’t be driving around in a car you can’t afford to pay for because cars break down and have maintenance cost associated with them.

Considering that a significant proportion of Americans don't have $1000 saved away, and cars are a necessary component of American life, I'd say this is a ridiculous expectation to have enough liquid cash to wipe out the loan.

 

[Brolic]

I pay for groceries on a bank credit card and pay it off a few days later because I get 3% cash back

I do the same thing. I use my cash back credit cards like debit cards.

 

[winb83]

Considering that a significant proportion of Americans don't have $1000 saved away, and cars are a necessary component of American life, I'd say this is a ridiculous expectation to have enough liquid cash to wipe out the loan.

You take what would be your down payment and you get a trusted mechanic and get beaters inspected until you find one that's solid. Then you've paid for your car in cash you can now save what would be your monthly payment for another car down the road or just to have savings. When the beater finally dies you have some money saved up to replace it.

Instead what people do is walk into a dealership and use financing to get a car they can't really afford. Since they can't afford the car they can't afford the maintenance or repairs on it. Eventually that catches up to them as something goes wrong with the car and they're taking that car and it's negative equity and rolling it over into another car.

 

[gho3st]

https://www.cnbc.com/2025/04/26/americans-groceries-buy-now-pay-later-loans.html

Sometimes you gotta save people from the themselves and make a law not to allow loans for sht like groceries

bc the company thats giving out the loans will make their money whether ppl pay these loans or not.

 

[King]

You take what would be your down payment and you get a trusted mechanic and get beaters inspected until you find one that's solid. Then you've paid for your car in cash you can now save what would be your monthly payment for another car down the road or just to have savings. When the beater finally dies you have some money saved up to replace it.

Instead what people do is walk into a dealership and use financing to get a car they can't really afford. Since they can't afford the car they can't afford the maintenance or repairs on it. Eventually that catches up to them as something goes wrong with the car and they're taking that car and it's negative equity and rolling it over into another car.

Stfu retard. Negged.

 

[Conan]

You take what would be your down payment and you get a trusted mechanic and get beaters inspected until you find one that's solid. Then you've paid for your car in cash you can now save what would be your monthly payment for another car down the road or just to have savings. When the beater finally dies you have some money saved up to replace it.

Instead what people do is walk into a dealership and use financing to get a car they can't really afford. Since they can't afford the car they can't afford the maintenance or repairs on it. Eventually that catches up to them as something goes wrong with the car and they're taking that car and it's negative equity and rolling it over into another car.

This is just Dave Ramsey talk. I know he despises loans because of his religious background but millions of households navigate car loans successfully as part of their financial portfolio.

There is nothing wrong with having a car loan if you are otherwise financially responsible and the monthly car payment is not stretching your pockets.

Plus, just because I have $25,000 stashed away, doesn't mean I want to place it all on a car at once.

I get what you're saying but credit is just another tool, if you're financially irresponsible it doesn't matter whether you finance or buy a car, bad habits will fukk you over eventually.