.webp?h=8 "Fedora (Red Hat Enterprise Linux) - Reminds me of 2004")
The cat so fast he's a streak 
Girl math moment 
"When I realized I can still get what I want, like designer items, and not have to pay the full purchase on spot, I lost my darn mind. … It was like a kid in a candy store," Resiere recalled. "Let's say Klarna gave me $1,000. In my head, I was like, 'Oh my God, that's free money.' So I'm spending the whole thousand, forgetting that I have rent, car note, car insurance, all these bills, groceries, everything."
Bro how does paying money hurt just save
"Even though I'm in my career now and of course making more money, any way that I can split my payments and not worry about bills, I'm definitely, definitely all for," said Resiere. "It splits the payments so I don't really feel it. Yes, I'm paying the same amount but the fact that it's being spread out, it doesn't hurt as much."
How come poors always think the can just get money for designer clothes for free
The opacity surrounding the novel service has created a so-called phantom debt phenomenon that has left economists, regulators and even shoppers concerned about the effect it could have on the economy.
"It's just this nebulous cloud of debt. Nobody really knows how it works and it's just floating around us all the time and it definitely feels like a pending housing crisis, almost like 2008 but for shopping," Andersen joked. "That's the myth that Klarna and PayPal sell you on, is that you can have this lifestyle, you can have these things, but the truth is, you can't."
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I have used a consumer debt tool like this exactly once, buying a several thousand dollar item, and taking the full purchase price and buying a series of CDs timed to pay out before each payment. I still “paid” the full price up front, I just benefitted from 5.1-5.55% interest in my favor at BNPL's expense.
Even then it felt irresponsible. BNPL really will spawn a whole new generation of 2008-style debt-addicts.
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That's the only reason to ever take one of these payment plans for a consumer item. If you can invest the money at a greater rate of return than the interest on the payments, then you should go for the payment plan.
Of course, a vast majority of these payment plans are being taken by impulsive people who just want expensive stuff.
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They were all zero interest, not sure if that's changed yet? But you'd be ahead with the shitty 0.01% interest you get on a checking account.
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That's what I used to think, but then how are these people getting into debt? Are they really just buying shit with a payment plan that they flat out can't afford at all?
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Yes? Watch that fat slob on YouTube that tells other idiots they're dumb for their spending habits.
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