What began for many as a way to pay for concert tickets and vacations is becoming an ordinary tool that Gen Z and millennial shoppers use for food, contact lenses and trash bags.
From a purely mathematical perspective, if you are a perfectly rational consumer you would put everything on an interest-free buy-now-pay-later plan and then squirrel the money into a high-yield savings account, then pocket the interest.
From a purely mathematical perspective, if you are a perfectly rational consumer you would put everything on an interest-free buy-now-pay-later plan and then squirrel the money into a high-yield savings account, then pocket the interest.
That’s actually what I do lol. Unfortunately, I live paycheck to paycheck, so it only makes me around $10/month, but hey, it’s something.
You get $10 of interest per month on a month’s expenses?
$5-10. I have no idea how they calculate average balance for the month, but the good news is that I’m very, very slow saving money.
Don’t fuck up. Seriously. These products exist because, on average, they make money. They make money because, on average, people fuck up.