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0 sats \ 9 replies \ @Fabs 19 Nov 2024 \ parent \ on: How Americans Take Advantage of 'Buy Now, Pay Later' charts_and_numbers
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?
I get it.
I wouldn't recommend it.
You do you though
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If I were in Europe I'd love to be on the other side of that trade.
Pity I'm not
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Oh? Why?
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To take your easy money! Lol
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But it's miiine!
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It won't be for long if you keep spending like that.
Buying bitcoin is an exception of course.
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Looks like we've found SN's drama queen... 🥲