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0 sats \ 12 replies \ @OT 19 Nov \ parent \ on: How Americans Take Advantage of 'Buy Now, Pay Later' charts_and_numbers
I think for me it just means you don't have any savings.
But yeah, some people just want the thing and don't mind paying more to have it right now.
Like talking to a brick wall...
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Say I have €5000,00 in my bank account, and want to buy some things, say, €2000,00 worth.
Now I can either pay direct and thereby almost half my liquidity, or I can pay in 3,- 6,- 12,- 24 month installments, pay 12% p.a and stay liquid.
Yes, I pay more in the long run, but have a bigger buffer in the meanwhile, while also buying what I want / need when I need it.
Get it?
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