Alt text: Screenshot of a receipt showing payment over time of a $1.50 hotdog in four equal installments of $0.375 spread out every other week.
No interest?
Submitted 1 month ago by Gork@sopuli.xyz to [deleted]
https://sopuli.xyz/pictrs/image/9b5192c4-9622-42ea-b03b-8e89872e05c6.webp
Alt text: Screenshot of a receipt showing payment over time of a $1.50 hotdog in four equal installments of $0.375 spread out every other week.
No interest?
Pay in 4 is usually zero interest, but they’ll stack heavy late fees if you miss it.
“why can’t we get a mortgage?”
“Well I bought a hot dog on a payment plan for a laugh, and I defaulted on a 38 cent payment”
“oh no”
They generally don’t no.
They get commission from the stores (because quite likely they wouldn’t have made the sale if the option wasn’t available), and also late fees
Also data for advertising
I have this shirt in white and I love it.
Fun fact: “FINANS” actually means finance in turkish
Same in many Scandinavian languages
That’s how you build up good credit
Do you gain credit with these types of companies? Also they’re paying an extra 4¢, since 37.5¢ will round up to 38¢.
Tbh i have no clue lol
How does it handle the half-penny? Does it round up or down, collect the remainder at the end, what?
The POS system at my bakery rounds up when it’s for a customer (getting half of a loaf of bread for example) and down when it calculates the 50% employee discount. That alone has a weirdly huge impact on my job satisfaction.
typical POS behavior
Off topic, but I will forever read it as “piece of shit” system lol
Proud of you!
good job! a+ financial discipline!
Time to buy another one!
Hey! Whoa! Easy there big spender! Some of us are caked in debt here! We can’t just be buying hot dogs now all willy-nilly!
In this economy?
You’d have to leverage your hotdog assets and get a secondary hotdog line of credit based on the initial hotdog equity.
If you’re financing hotdogs interest free, I have no issue with it. The currency USD has, inflation, albeit low, so this is probably not a bad idea, check your t&Cs tho.
Now if you are buying hot dogs, or any other meal, with buy now, pay later (BNPL) then it’s probably time to rethink your budget and personal finances, no meal is worth that kind of debt.
Hell yeah, when people offer me interest free loans I take it.
One time I misunderstood something as an interest free loans when it wasn’t so I paid it off entirely in the first bill. Sadly, I had to pay $0.01 in interest. How will I ever recover?
I mean the interest in a loan is basically an expression on how much they estimate the risk is for you to default on the debt itself
It’s fair to apply it, as it is also fair for you to not take it, all things considered
My bank finally approved us for a hotdog jumboloan! We sign tomorrow!
You are truly a legend to dedicate to the bit.
They should allow Pain in 4 for online subscriptions.
For example Netflix. Instead of paying 8€ a month you would pay €8 a month for 4 subscriptions in advance.
This has a similar energy to, “Lend me a dollar, but give me fifty cents. Then I’ll owe you fifty cents, and you’ll owe me fifty cents, and we’ll be even.”
“In just 4 easy payments…”
This is the beginning of the rest pf your life!
Congrats! Thanks Freddie Mac-n-cheese!
ummthatguy@lemmy.world 1 month ago
Image
Costco’s co-founder, Jim Sinegal
uuldika@lemmy.ml 1 month ago
the amount of consumer goodwill that statement bought easily pays for any losses from the hotdogs. companies seem hellbent on torching their brand reputation for short-term gains these days.
Excrubulent@slrpnk.net 5 weeks ago
Also my mum brought me some costco hotdogs the other day. It’s hard to get good American food in grocery stores here in Australia but those smokey delicious franks have me considering a membership. So good.