In what ways are people today being convinced to spend money beyond their means? - eviltoast
  • reddig33@lemmy.world
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    9 months ago

    Buying giant SUVs no one needs with huge loans. Paying through the nose for corporate chain coffee.

    • Gormadt@lemmy.blahaj.zone
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      9 months ago

      I work with a guy who recently bought a 100k truck

      We make a bit over 50k, this dude’s interest rate is 12% and he got an 8 year loan

      He’s never going to pull himself out of that rut

      • 0110010001100010@lemmy.world
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        9 months ago

        And he’ll never use it as intended, will he? Most that thing will ever haul is a cooler full of Keystone or a few random pieces of wood.

        • Gormadt@lemmy.blahaj.zone
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          9 months ago

          He uses it as his daily commuter vehicle

          40 miles per day at 15mpg

          50 gallon diesel tank for hauling his ego around

          This vehicle will bankrupt him for sure

      • Lenny@lemmy.zip
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        9 months ago

        The cost of a gallon of gas? $3.25

        The cost for yearly maintenance? $2,750

        The cost of interest paid each month? $585

        The joy of bringing a smile to children under the age of 10 pointing and saying “that’s a cool truck!”? $100k

        • Gormadt@lemmy.blahaj.zone
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          9 months ago

          It’s got a 50 gallon tank and runs on diesel

          It cost over $200 to fill the tank

          He commutes 40 miles per day in that monster

          • ___@lemm.ee
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            9 months ago

            If were more reasonably priced, a 40mi commute sounds like a decent reason to get a vehicle you love.

              • ___@lemm.ee
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                9 months ago

                Stop ruining my devil’s advocate with your logic and reasoning.

        • I_Fart_Glitter@lemmy.world
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          9 months ago

          You can’t see children under the age of 10 in that truck. I guarantee you the nose on that thing is at least 5 feet high. “Kinderplow”

      • SwingingTheLamp@midwest.social
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        9 months ago

        Holy geez, I knew that medical costs were out of control, but that’s a stupid amount of money to treat fragile masculinity!

        • Gormadt@lemmy.blahaj.zone
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          9 months ago

          When I talked to him today I found out his payments were $1600 per month!

          I don’t know how the hell he affords it

          It’s literally more than my rent

            • Mossheart@lemmy.ca
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              9 months ago

              Cries in Vancouver. Entry level mortgages here wind up around $5700 which is somehow more expensive than my rent on a 2 bedroom 1990s era decor apartment sitting at a market average 3850/month.

              We’re not super wealthy, and manage our expenses well but holy shit we’re never gonna get ahead in life if this is what’s in store.