Using BNPL isn’t broke behavior, most people are just using it wrong.
"...use BNPL like the wealthy...not to keep up, but to stay up!" -- that part! 💯
For a $1000 purchase on a typical pay in 4 BNPL loan, even if you put the cash straight into a high-yield savings account with 4% APY, you'd earn only $2.31 in interest. That arbitrage to me isn't anywhere close to worth it.
Ok, use BNPL for a vacation to Maldives not for a Sephora haul. Heard lol… jk…Great insight, per usual! ✨
"...use BNPL like the wealthy...not to keep up, but to stay up!" -- that part! 💯
For a $1000 purchase on a typical pay in 4 BNPL loan, even if you put the cash straight into a high-yield savings account with 4% APY, you'd earn only $2.31 in interest. That arbitrage to me isn't anywhere close to worth it.
Ok, use BNPL for a vacation to Maldives not for a Sephora haul. Heard lol… jk…Great insight, per usual! ✨