ATS wrote: VitaminD wrote: Zombie Queen wrote:
Numanoid wrote:we don't save up for it first, and then buy it
I do too. But I understand the societal norm these days is to get it [whatever the mind desires at any moment] now, deal with the consequences later. So I understand I'm a rarity.
Actually the fact that so many of these rent to own setups are occurring tells me this is more the norm than anything.. sadly.
This sounds funny but honestly I think cell phones are to blame. Seems most pay for their phone and cell service together by the month. I think this is one of the first things people but in life so right away they are used to paying things over time.
Maybe.. but I think it might go back further than that.. with the advent of credit cards (and easy to obtain credit).
Now you don't even have to have money to buy something.. you just pull out the plastic and voila you have it NOW. Which is fine, if you are capable and actually do pay off your balance before accruing interest fees. But it seems most people do not.. in some cases to the point that they have credit cards to pay off other credit cards. It snowballs.
People are generally just really bad at personal finance I've found.. I think largely because they don't actively teach this in public schools. And our instant, got-to-have-it generation today says you deserve it.. treat yourself.
Having this tied to a smartphone with online shopping just makes it even more dangerous. Don't even have to make the effort to get to a physical store these days. Which was somewhat of a barrier to some purchases..
"Use the talents you possess, for the woods would be very silent if no birds sang except the best." - Henry Van Dyke