Lemmy Shitpost @lemmy.world Gork @sopuli.xyz 1w ago

Finally paid off my Costco hotdog 🙏

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.

43 comments

Costco's co-founder, Jim Sinegal
- 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. little gestures go a long way.
  
  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 delicious smokey dogs have me considering a membership. So good.
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
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
- I have this shirt in white and I love it. I know I sound like a bot response but genuinely I love this shirt haha
- Fun fact: "FINANS" actually means finance in turkish
  
  Same in many Scandinavian languages
How does it handle the half-penny? Does it round up or down, collect the remainder at the end, pull an Office Space, 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.
  
  Off topic, but I will forever read it as "piece of shit" system lol
  
  typical POS behavior
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
You are truly a legend to dedicate to the bit.
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.
- 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!

43 comments