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No, rather I think I can scrape by for the few days it takes to get ahead of the curve for something as cheap as a burrito and then next month I can afford 5 bu

No, rather I think I can scrape by for the few days it takes to get ahead of the curve for something as cheap as a burrito and then next month I can afford 5 burritos for every 4+interest I could only afford before. Paying for a PS5 or TV on credit I can see because it might take me months to save. But saving for a burrito is arguably something I shouldn't even have to save for in the first place.

rtpg 1y ago
To be clear I think the BNPL thing laid out here is Bad(TM), I just got there through my belief system about how society should be organized. I do not believe that life is measured in how many burritos I can or cannot get access to, so the idea that not using BNPL means I'll get more burritos next month falls a bit flat on me.
- c22 1y ago
  Huh, I am trying to maximize my burrito access, but there is a time-cost to burritos. If I am hungry today then a burrito now is worth more than 1.2 burritos a month from now. Really, it seems more reasonable to use BNPL to purchase a burrito than a PS5.
UncleEntity 1y ago
> But saving for a burrito is arguably something I shouldn't even have to save for in the first place. I'm guessing you never has so little money that the calories you spent to get cheap food on Taco Tuesday was probably more than what it took to pedal your bike up to Del Taco? Yeah, that was a soul-crushing day. Honestly, this would have been a bad plan for me because it often came down to the choice between 'go get a cab' and 'starve to death' as I could get some cash calls immediately after picking up a cab in order to not starve to death. This scheme is clearly targeting the financially irresponsible, like myself, to pawn off the debt on others with their Burrito Backed Securities. Maybe we can take a moment to reflect on how the Mortgage Backed Securities debacle worked out?

rtpg 1y ago

To be clear I think the BNPL thing laid out here is Bad(TM), I just got there through my belief system about how society should be organized. I do not believe that life is measured in how many burritos I can or cannot get access to, so the idea that not using BNPL means I'll get more burritos next month falls a bit flat on me.

c22 1y ago
Huh, I am trying to maximize my burrito access, but there is a time-cost to burritos. If I am hungry today then a burrito now is worth more than 1.2 burritos a month from now. Really, it seems more reasonable to use BNPL to purchase a burrito than a PS5.

UncleEntity 1y ago

> But saving for a burrito is arguably something I shouldn't even have to save for in the first place. I'm guessing you never has so little money that the calories you spent to get cheap food on Taco Tuesday was probably more than what it took to pedal your bike up to Del Taco? Yeah, that was a soul-crushing day. Honestly, this would have been a bad plan for me because it often came down to the choice between 'go get a cab' and 'starve to death' as I could get some cash calls immediately after picking up a cab in order to not starve to death. This scheme is clearly targeting the financially irresponsible, like myself, to pawn off the debt on others with their Burrito Backed Securities. Maybe we can take a moment to reflect on how the Mortgage Backed Securities debacle worked out?