As I was just looking at ALL my debt, this reminds me I will get out of it! I have a solid plan and thankfully my spouse and I have solid jobs that aren’t disappearing in this horrific time (we recognize that privilege). Thanks for the solid advice and the reminder that debt and especially BNPL schemes are meant to pull the wool over our eyes regarding the reality of the end-stage capitalism we’re all trying to survive.
When I had like 6 BNPL plans to contend with about 1.5 years ago I made a promise to myself I would stop using them. Like you said, I was spending more than I would have, and then I would end up frustrated when I didn't have as much money in the future (obvi my own fault, but still).
I totally get the thought that it's "all our own fault", but don't buy into it, friend.
Loans of any kind aren't just designed to make us not think about the absurd cost of capitalism, they're designed to hold us back and demoralize us.
It's so much more expensive to be poor, especially if you try and elevate your financial position. Credit cards, auto loans, BNPL- all of this stuff drains our money without providing any tangible benefit. And when we do manage to get back to baseline, any external events that happen (repairs, emergency healthcare, fleeing hostile environments) kick us right back into debt.
Once you have free income, you can put that into passive income generation- stocks, bonds, high yield savings, etc. Even the simple fact of having money to spare puts people into a phenomenally better spot to handle hardships when they happen.
It is not our fault that we are stuck in a system that turns our lives into something to be sold in return for the right to exist.
As I was just looking at ALL my debt, this reminds me I will get out of it! I have a solid plan and thankfully my spouse and I have solid jobs that aren’t disappearing in this horrific time (we recognize that privilege). Thanks for the solid advice and the reminder that debt and especially BNPL schemes are meant to pull the wool over our eyes regarding the reality of the end-stage capitalism we’re all trying to survive.
of course! thank you for sharing <3
you WILL get out of it! you can do it!
When I had like 6 BNPL plans to contend with about 1.5 years ago I made a promise to myself I would stop using them. Like you said, I was spending more than I would have, and then I would end up frustrated when I didn't have as much money in the future (obvi my own fault, but still).
I totally get the thought that it's "all our own fault", but don't buy into it, friend.
Loans of any kind aren't just designed to make us not think about the absurd cost of capitalism, they're designed to hold us back and demoralize us.
It's so much more expensive to be poor, especially if you try and elevate your financial position. Credit cards, auto loans, BNPL- all of this stuff drains our money without providing any tangible benefit. And when we do manage to get back to baseline, any external events that happen (repairs, emergency healthcare, fleeing hostile environments) kick us right back into debt.
Once you have free income, you can put that into passive income generation- stocks, bonds, high yield savings, etc. Even the simple fact of having money to spare puts people into a phenomenally better spot to handle hardships when they happen.
It is not our fault that we are stuck in a system that turns our lives into something to be sold in return for the right to exist.