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.

all 49 comments

sorted by: hot top controversial new old
[–] 190 points 1 year ago (2 children)

Costco's co-founder, Jim Sinegal

  • source
  • hideshow 2 child comments
  • [–] 68 points 1 year ago (1 child)

    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.

  • source
  • parent
  • hideshow 1 child comment
  • [–] 59 points 1 year ago (14 children)
  • [–] 98 points 1 year ago (5 children)

    Pay in 4 is usually zero interest, but they'll stack heavy late fees if you miss it.

  • source
  • parent
  • hideshow 5 child comments
  • [–] 115 points 1 year ago (4 children)

    "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"

  • source
  • parent
  • hideshow 4 child comments
  • [–] 27 points 1 year ago (3 children)

    Conversely, you can't have a house, you have no credit.

    Fine I just paid off a 1.50 loan for a hot dog.

    Ok, now you can borrow 500k because you proved yourself responsible with $1.50

    Reality isn't too far off, back in the day I couldn't get a loan because I had zero credit history, but then could get a mortgage after a few months of getting a credit card with like a 500 dollar credit limit.

  • source
  • parent
  • hideshow 3 child comments
  • [–] 3 points 1 year ago

    When I was a young adult I bought my first car with a loan because my girlfriend at the time relied on her parents old van which had the engine die (I very recently learned this was due to off label oil change practices her ex told her to do when he worked at the Walmart auto dept)

    Anyways since I had basically no credit history, I ended up with a 22% interest loan on my car! I didn't know what I was looking at in the paperwork and the sketchy dealership my BIL insisted we go to flat out was "joking" "oh you don't want to read that. Just sign here!'

    Once I had a chance to look at what I signed I quickly opened a bank account and got that loan refinanced down to an 8% interest rate. I also learned that it had some extended service plans added on that I didn't know about which didn't cover anything that wasn't already covered by the manufacturer warranty.

    Later on I went back to college, pulled equity out of the car and refinanced it again down to a 4% interest rate, then a few months later I totaled it hitting a deer.

    I kinda forgot what my point was in sharing this story but here we are I guess

  • source
  • parent
  • [–] 38 points 1 year ago (5 children)

    I have plenty of interest in hot dogs.

  • source
  • parent
  • hideshow 5 child comments
  • [–] 9 points 1 year ago (4 children)
  • [–] 39 points 1 year ago (2 children)
  • [–] 25 points 1 year ago* (7 children)

    How does it handle the half-penny? Does it round up or down, collect the remainder at the end, pull an Office Space, what?

  • source
  • hideshow 7 child comments
  • [–] 36 points 1 year ago (6 children)

    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.

  • source
  • parent
  • hideshow 6 child comments
  • [–] 27 points 1 year ago (4 children)

    Off topic, but I will forever read it as "piece of shit" system lol

  • source
  • parent
  • hideshow 4 child comments
  • [–] 8 points 1 year ago (2 children)

    wait POS doesn't mean piece of shit??

  • source
  • parent
  • hideshow 2 child comments
  • [–] 20 points 1 year ago

    Proud of you!

  • source
  • [–] 38 points 1 year ago (2 children)

    That's how you build up good credit

  • source
  • hideshow 2 child comments
  • [–] 38 points 1 year ago (1 child)
  • good job! a+ financial discipline!

  • source
  • [–] 14 points 1 year ago (2 children)
  • [–] 12 points 1 year ago (3 children)

    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.

  • source
  • hideshow 3 child comments
  • [–] 6 points 1 year ago (2 children)

    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?

  • source
  • parent
  • hideshow 2 child comments
  • You are truly a legend to dedicate to the bit.

  • source
  • [–] 11 points 1 year ago* (last edited 1 year ago) (1 child)

    They should allow Pay in 4 for online subscriptions.

    For example Netflix. Instead of paying 8€ a month you would pay €8 a month for 4 subscriptions.

  • source
  • hideshow 1 child comment
  • "In just 4 easy payments..."

  • source
  • [–] 4 points 1 year ago

    This is the beginning of the rest pf your life!

  • source
  • [–] 1 point 1 year ago

    Congrats! Thanks Freddie Mac-n-cheese!

  • source