If you’re borrowing money you don’t have it’s not money savvy 🙄
This hurt to read. I was expecting the story to involve some level of financial turmoil, like a sudden job loss or something to serve as a catalyst for the spiraling debt but no. The person in question is a long term benefits claimant (no disrespect) who used a credit card to pay off their buy it now pay later scheme leaving them with massive interest payments.
They then compounded the problem by giving into the temptation and using the credit card as a ‘unlimited pool of money’ so she could own the latest phone, jewelry ect. A life style she admits she couldn’t afford.
I’m no fan of predatory loans or credit cards with insane fees and interest rates and I respect it can actually be rather easy to slip into debt as things in your life can change abruptly however she got into this mess entirely on her own and she is far from being money savvy.
Money savvy lmaooooo people don’t know what the meaning is bloody hell
Idiots like this are the reason interest payments are so high.
the only case where buy now pay later will save you money is if your money is out earning interest larger then the loan you will pay
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If you’re borrowing money you don’t have it’s not money savvy 🙄
This hurt to read. I was expecting the story to involve some level of financial turmoil, like a sudden job loss or something to serve as a catalyst for the spiraling debt but no. The person in question is a long term benefits claimant (no disrespect) who used a credit card to pay off their buy it now pay later scheme leaving them with massive interest payments.
They then compounded the problem by giving into the temptation and using the credit card as a ‘unlimited pool of money’ so she could own the latest phone, jewelry ect. A life style she admits she couldn’t afford.
I’m no fan of predatory loans or credit cards with insane fees and interest rates and I respect it can actually be rather easy to slip into debt as things in your life can change abruptly however she got into this mess entirely on her own and she is far from being money savvy.
Money savvy lmaooooo people don’t know what the meaning is bloody hell
Idiots like this are the reason interest payments are so high.
the only case where buy now pay later will save you money is if your money is out earning interest larger then the loan you will pay