Live within your means.
A lesson I learned from my parents, that has served me well.
A lesson I learned from my parents, that has served me well.
'Eat now, pay later'? DoorDash-Klarna deal fuels concerns around loans for takeout
- Thread starter Dave Hess
- Start date
Here is another fact being ignored.
https://www.destatis.de/Europa/EN/T...ssues/Labour-market/EULabourMarketCrisis.html
No doubt the global economy is slowing.
I don't think scam is the right word. It's all transparent. We had a lot of delivery in college. It was time consuming to leave the apartment or dorm, walk to our car in a distant parking lot, drive off campus and repeat the process coming home. People in cities might not want to walk if the weather is bad or move their car from its parking spot for fear they won't find another spot upon returning. And we were usually drunk and/or high in college knew enough to stay off the road. Delivery was great.
For others, their time is more valuable than money and they like the convenience of grocery delivery, others have physical or mental disabilities keeping making the delivey charge worth it to them.
Since the doordash type companies take credit cards, it already is eat now, pay later.
For others, their time is more valuable than money and they like the convenience of grocery delivery, others have physical or mental disabilities keeping making the delivey charge worth it to them.
Since the doordash type companies take credit cards, it already is eat now, pay later.
Go no further than the last fed meeting where they raised inflation expectations and lowered growth expectations.
https://www.federalreserve.gov/monetarypolicy/fomcprojtabl20250319.htm
https://www.federalreserve.gov/monetarypolicy/fomcprojtabl20250319.htm
edyvw
$50 site donor 2025
A few months ago, Chronicle of Education had an article where 47% of new graduates could not hold a job for more than two weeks! Is it what they learned in collage? No. It was a lack of basic social skills: coming to work on time, meeting deadlines, dressing properly, holding conversations, etc.
Borrowing money and going online to school is a crime. Borrowing money and going to traditional college is, for most people, the best thing that can happen in their lives. It is astonishing that people still think college is just about going to the classroom.
Owen Lucas
$100 Site Donor 2023
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I'm with you 100%. Couple this with those videos of delivery drivers eating your food or worse. No way I'll order delivery for anything other than pizza, and even then I prefer to pick up my self unless its for a large party.
This guy gets it.
The delivery apps are for Suzie Stoner Housewife who can't keep a job or a car down, but does have a credit card. When BF/ hubby looks at the credit card bill, $32 for a hamburger stands out. But a bunch of stupid $7 fees are easier to gloss over. Plus if he DOES get mad, she says she'll stop, then a few months later the trickle of paper cuts either stop or the person paying gets over the problem.
College kids get delivery because they're starting adulting and have some but not all of the tools yet. Actual working adults get financially aware and self-capable, except for the few percent who "fail to launch." These guys are ripe for the picking with all sorts of scams until the banks or sugar daddies cut them off. Until they reach that point, it's "good capitalism" to write "apps" to bleed them dry.
A high percentage of BNPL users are not paying for their spending spree.
Default rates on BNPL is much lower than supbrime credit cards - probably because its much more tightly managed. If you stop paying they stop extending credit pretty quickly.
Again, I am not for any of these programs, but for some reason its OK for Citi to extend credit, but not some BNPL firm?
- Joined
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- 599
This ^^^
I think it’s all good. Freedom of choice nobody’s forced to do anything.
People who get DoorDash and need to finance. It is just plain laziness and you can bet all their other spending habits are the same way.
People who get DoorDash and need to finance. It is just plain laziness and you can bet all their other spending habits are the same way.
Hmmm. It's only about $20 more to have stuff shopped and delivered here. It's cheaper than us doing it ourselves.
Using the door dash layaway rather than using a credit card for a delivery seems to me to be much the same thing. For both you eat now and pay at a later date.
Do you have a link for this article.
Lots of young adults do not have a good attitude when they start a job.
I had to fire a few and their parents called asking what happened.
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Meanwhile at the Door Dash forum there are people who can’t believe there is a forum dedicated to motor oil. To each their own.
edyvw
$50 site donor 2025
I will find it. But, it might be paywall.
IMO, it is extremely serious issue and this is just one consequence of online education that started with grifters like University of Phoenix (they were grifting so badly that Peterson SFB here has list of names of University of Phoenix recruiters so that they can prevent them from base access).
Problem is COVID-19. Many schools went completely online. They found out that that is good way to cut costs as states are constantly cutting funds for education. Than students realized that they can get paper and pretty much never leave a house. Hey, bachelors in whatever from California State University while watching Netflix and ordering Door Dash? Sign me up.
Here is long term problem:
Graduating from local state college was always best ROI. Will graduate from Harvard or Stanford get more careful look at CV during job application review? Absolutely! But then, in interview process, graduates from state schools usually were really good mitigating that initial disadvantage of not being from Stanford & Co. Problem is that Ivy League schools etc. kept traditional college experience, while state schools in an attempt to address ever cutting budgets by states, moved things online. Now, not only do kids from expensive schools will have advantage of having that on CV, and maybe get preference when it comes landing interviews, but they will have far superior social skills.
Being in that business, I can see more parents turning away from online education. But we are far from seeing light at the end of the tunnel. I think states should mandate from students in order to get in-state tuition to go back to in person studying.
Also, one thing that I recently think about a lot. I think that epidemic of lacm of empathy among people is directly correlated to online education , door dash etc. We just don’t hang out as much as before, and we are losing understanding of who our fellow citizens are.
Has there ever been a time when that wasn't the case?
